BRUSSELS—A high-ranking official from the European Union issued a strong message to the United States on Tuesday concerning the unfolding tariff situation. The EU, known as the world’s largest trading bloc, asserted that it possesses significant leverage in the face of the Trump administration’s proposed tariffs and is prepared to respond if necessary.
President Donald Trump of the United States has indicated plans to implement taxes on imports from other countries, aiming to reduce America’s dependency on foreign goods. These tariffs are set to be introduced on Wednesday, with Trump declaring that they will allow the nation to impose “reciprocal” tariffs, equalizing the price tag on U.S. goods sent abroad with what foreign nations charge on imports. He termed April 2 as “Liberation Day” in this trade strategy.
In response to these plans, Ursula von der Leyen, President of the European Commission, cautioned, “Europe has not instigated this conflict. We do not seek retaliation, yet if circumstances demand, we hold a solid strategy for doing so and will execute it.” This statement was made to EU lawmakers, with von der Leyen highlighting the bloc’s readiness.
Tasked with negotiating trade agreements and managing disputes for the 27 EU member states, the European Commission also serves as the EU’s executive branch. Von der Leyen pointed out that Europe wields considerable influence, ranging from commerce and technology prowess to the sheer size of its market. She emphasized, “This strength is a foundation for us to take decisive countermeasures if the need arises. Every tool is available to us.”
In retaliation to the existing U.S. tariffs on steel and aluminum, which are detrimental to global trade harmony, the commission has already proposed levying taxes on American products valued at approximately $28 billion by mid-April. The forthcoming tariffs will target an array of U.S. exports including textiles, stainless steel, home appliances, and certain agricultural products.
Amidst the ongoing discussions about how these tariffs, especially the “reciprocal” tariffs, will be enforced, the EU aims to evaluate their potential consequences carefully before embarking on any retaliatory measures. Von der Leyen voiced concern, stating, “Many Europeans feel deeply discouraged by the announcements emerging from the United States. This relationship represents the most significant and lucrative trade bond worldwide. A constructive resolution would benefit us all.”