EU to prepare countermeasures to US reciprocal tariffs, says EU chief
- The European Union Chief, Ursula von der Leyen, announced plans for countermeasures against President Trump's new tariffs on EU goods, including a 20% levy.
- Ursula von der Leyen expressed concerns that Trump's tariffs could harm millions globally and negatively impact the world economy.
- Italian Prime Minister Giorgia Meloni condemned the tariffs and urged for negotiations to avoid a damaging trade war, asserting it would weaken the West.
- The EU aims to work collectively with the US for a pragmatic response that balances negotiations with European interests.
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EU planning countermeasures to new U.S. tariffs, president says
The dollar weakened broadly and U.S. stock futures sank early Thursday, with the euro rallying after President Donald Trump announced harsher-than-expected tariffs on American trading partners, unsettling markets as investors flocked to safe havens such as the yen and Swiss franc.
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Leaning Left58Leaning Right40Center43Last UpdatedBias Distribution41% Left
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