
European Union Issues Blunt Warning On Eve Of Trump's Tariff 'Liberation Day'
HuffPost
The world’s biggest trade bloc “holds a lot of cards” and has a good plan to retaliate if forced to, said a top official.
BRUSSELS (AP) — A top European Union official warned the U.S. on Tuesday that the world’s biggest trade bloc “holds a lot of cards” when it comes to dealing with the Trump administration’s new tariffs and has a good plan to retaliate if forced to.
U.S. President Donald Trump has promised to roll out taxes on imports from other countries on Wednesday.
He says they will free the U.S. from reliance on foreign goods.
He’s vowed to impose “reciprocal” tariffs to match the duties that other countries charge on U.S. products, dubbing April 2 “Liberation Day.”
“Europe has not started this confrontation. We do not necessarily want to retaliate, but if it is necessary, we have a strong plan to retaliate and we will use it,” European Commission President Ursula von der Leyen told EU lawmakers.