US President Donald Trump’s reciprocal tariffs are a “major blow to the world economy”, EU chief Ursula von der Leyen warned Thursday, as she vowed Brussels was “prepared to respond”.
“We are now preparing for further countermeasures, to protects our interests and our businesses if negotiations fail,” von der Leyen said, emphasizing that the EU will not stand idly by as Trump’s trade policies disrupt global markets.
The remarks come after Trump formally announced the ‘Liberation Day’ tariffs, imposing steep duties on imports from a range of countries, including key US trading partners in Europe. While von der Leyen acknowledged the severity of the situation, she held out hope for diplomacy. “It is not too late to address concerns through negotiations,” she said, leaving the door open for dialogue.
The EU’s response is expected to include tariffs on American goods, with a focus on politically sensitive industries that could pressure the Trump administration to reconsider its stance. Brussels has been in discussions with other affected nations, including China, Canada, and India, to coordinate a collective response.
Economic analysts warn that retaliatory tariffs from the EU could further escalate tensions, leading to a broader global trade war. The tariffs have already sent shockwaves through financial markets, with European businesses bracing for potential disruptions.
Trump slapped 10 percent tariffs on imports from around the world and harsh extra levies on key trading partners.
Holding up a chart of the sweeping measures in the White House Rose Garden, Trump unveiled particularly stinging tariffs on major trade partners China and the European Union on what he called “Liberation Day.”
“This is one of the most important days, in my opinion, in American history,” said Trump. “It’s our declaration of economic independence.”
