EU Divided on Retaliatory Tariffs Against US
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EU countries remain divided on retaliatory tariffs against the US, amid ongoing trade negotiations. A majority harbors concerns about targeting specific goods and potential US reprisals. While a €21 billion retaliatory tariff package is suspended until August 6th, a second, larger package (€72 billion) awaits approval. France advocates for a stronger stance, suggesting the use of the EU's Anti-Coercion Instrument, targeting US services. Discussions focus on preparedness should a trade deal fail by August 1st, when US tariffs could triple.
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