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EU preparing to hit US with €93bn tariffs and possibly restrict US companies

The European Union is reportedly preparing to impose €93bn in tariffs on the US and considering restricting US companies from its market.
These measures are in response to Donald Trump's threats of 10 per cent tariffs from 1 February, increasing to 25 per cent on 1 June, until a deal for the US to purchase Greenland is reached.
Eight European nations, including Britain, warned that US tariffs would "undermine transatlantic relations and risk a dangerous downward spiral".
UK Prime Minister Sir Keir Starmer told Donald Trump that applying tariffs on allies for pursuing collective NATO security is wrong.
Brussels hopes these potential retaliatory actions will provide leverage during upcoming meetings with Donald Trump at the World Economic Forum in Davos.

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