In response to U.S. President Donald Trump’s recent announcement of new tariffs, the European Union has expressed its intent to implement countermeasures, while still leaving room for potential negotiations. European Commission President Ursula von der Leyen spoke out on Thursday, calling the new tariffs a “major blow to businesses and consumers worldwide.”
During a summit with Central Asian leaders in Uzbekistan, von der Leyen emphasized the potential negative impact of the tariffs on global markets. She warned that the move would lead to higher costs for everyday goods, including groceries, medication, and transportation, ultimately driving up inflation and disproportionately affecting vulnerable citizens.
In light of the announcement, the European Commission is finalizing its first package of retaliatory measures and is preparing additional steps if talks with the U.S. fail. Von der Leyen reassured EU citizens, urging them not to lose hope, as Europe is prepared to withstand the economic challenges that may arise from the new tariffs.
The U.S. tariffs, announced by President Trump on Wednesday, include a blanket 10% penalty on most imports, with higher tariffs applied to countries with significant trade deficits with the U.S. Imports from the EU will face a 20% tariff, in line with the broader trade policy.
Von der Leyen also revealed that the EU is in discussions with sectors most affected by the tariffs, notably the automotive and pharmaceutical industries. These industries, already struggling with the implications of the tariffs, will be central to Europe’s response to the U.S. trade move.
With tensions rising in international trade relations, the EU’s response will likely play a critical role in shaping the future of global commerce.
