Europe issues severe warning to Trump with 'strong plan' to retaliate against his tariffs
European countries claim to have a "robust strategy" ready to combat the anticipated tariffs Trump plans to reveal. After Donald Trump's return to the White House, he has clearly stated his intention to use different methods to "make America great again." This approach has included imposing tariffs on neighboring countries and allies, particularly Canada and Mexico.
Trump announced a 25 percent tariff on "automobiles and certain automobile parts" on March 26. The President has also indicated plans for European allies, promoting April 2 as "Liberation Day" for America - when significant new tariffs are expected to be announced to implement his economic agenda.
European Commission President Ursula Von der Leyen outlined how the EU would respond to Trump's actions. "Europe did not initiate this confrontation," she stated. "We do not necessarily want to retaliate but, if needed, we have a robust strategy to retaliate and we will utilize it."
White House Press Secretary Karoline Leavitt confirmed on March 31 that Trump would hold a press conference on April 2 to reveal his plans, without providing specific details.
Despite warning Trump about potential retaliation, Von der Leyen mentioned that Europe remained "open to negotiations" to find a satisfactory compromise. "We will enter these negotiations from a position of power. Europe possesses many advantages, from trade to technology to our market size," she said. "But this power also comes from our readiness to take firm countermeasures if necessary. All options remain available."
According to sources who spoke with the Wall Street Journal, Trump's advisors are considering plans to impose 20 percent tariffs on almost all countries that trade with the US. However, not everyone close to Trump supports this approach.
"Nobody understands what is happening," a White House ally told Politico. "What items will face tariffs? Which countries will be targeted and at what rates? Even the most basic questions remain unanswered."
Though Trump has yet to make any announcements, the US stock market has already experienced effects from these developments.
