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EU Says It Holds Lot of Trade Cards on Eve of US Tariffs
The Morning Standard
|April 02, 2025
Don't want to retaliate, but have a strong plan if needed: von der Leyen
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A top European Union official warned the US 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.
US President Donald Trump has promised to roll out taxes on imports from other countries on Wednesday. He says they will free the US from reliance on foreign goods.
He's vowed to impose "reciprocal" tariffs to match the duties that other countries charge on US products, dubbing April 2 "Liberation Day."
"Europe has not started this confrontation. We do not want to retaliate, but if it is necessary, we have a strong plan to retaliate," European Commission President Ursula von der Leyen told EU lawmakers. The commission, the EU's executive branch, negotiates trade deals on behalf of the bloc's 27 member countries and manages trade disputes on their behalf.
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