European Commission President Ursula von der Leyen described the sweeping tariffs imposed by U.S. President Donald Trump as a severe blow to the global economy and confirmed that the European Union is prepared to respond with countermeasures if negotiations fail.
In a statement on Thursday, ahead of a summit on the EU-Central Asia partnership, she said, "We are already finalizing the first package of countermeasures in response to the tariffs on steel."
She added, "We are now preparing further countermeasures to protect our interests and businesses if negotiations fail."
On Wednesday, Trump announced tariffs of at least 10% on most imports into the United States, with higher tariffs of 20% on the European Union. (Reuters)
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European Commission President Ursula von der Leyen described the sweeping tariffs imposed by U.S. President Donald Trump as a severe blow to the global economy and confirmed that the European Union is prepared to respond with countermeasures if negotiations fail.
In a statement on Thursday, ahead of a summit on the EU-Central Asia partnership, she said, "We are already finalizing the first package of countermeasures in response to the tariffs on steel."
She added, "We are now preparing further countermeasures to protect our interests and businesses if negotiations fail."
On Wednesday, Trump announced tariffs of at least 10% on most imports into the United States, with higher tariffs of 20% on the European Union. (Reuters)
