Trump tariffs: How could Europe retaliate as trade war breaks out
How Europe could react to Trump’s tariffs
- Donald Trump has imposed a 20% tariff on all goods imported from the EU, alongside a 25% tariff on imported cars.
- This move has been met with alarm by European leaders, who warn of a potential trade war and significant damage to the global economy.
- The tariffs are expected to heavily impact EU member states, particularly Germany, Ireland, and Italy, as well as key industries like automobiles and pharmaceuticals.
- European leaders have expressed concern and pledged to take action to protect their interests, with the EU already preparing countermeasures.
- Potential retaliatory measures include tariffs on symbolic US goods, targeting American banks and tech companies, and forming new trade alliances.