European Commission President Ursula von der Leyen described US Donald Trump’s universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed.
“We are already finalising the first package of countermeasures in response to tariffs on steel,” she said in a statement read out in the Uzbek city of Samarkand on Thursday, ahead of an EU-Central Asia partnership summit.
“And we’re now preparing for further countermeasures to protect our interests and our businesses if negotiations fail.”
She did not provide any details of future EU measures. The EU plans to impose counter tariffs on up to €26 billion of US goods this month in response to U.S. steel and aluminium tariffs that took effect on March 12th.
Trump on Wednesday unveiled a 10 per cent minimum tariff on most goods imported to the United States – with a higher 20 per cent rate for the European Union -…
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