Dhaka, May 10 -- The European Commission proposed on Thursday countermeasures on up to 95 billion Euros ($107.2 billion) of US imports if negotiations with Washington fail to remove the series of tariffs applied by US President Donald Trump.

The new measures, representing the EU's response to US import tariffs on cars and its broader 'reciprocal' tariffs, would target US wine, fish, aircraft, car and car parts, chemicals, electrical equipment, health products and machinery, reports Reuters.

The European Commission, which coordinates trade policy for the 27-nation EU, said it was launching a month-long consultation for EU members and business to react.

It will then take a final decision on its counter-tariffs, likely to hit a smaller vo...