Germany, EU Leaders Reject US Tariff Retaliation Plans

In response to President Trump's announcement of a 25% tariff on imported vehicles, European leaders, including Germany's economy minister Robert Habeck, have expressed the need for a firm counter-response, emphasizing that the EU will not back down in the face of US tariffs. Agriculture Minister Martin Heydon highlighted Europe's desire to avoid a 'tit-for-tat' trade war, aiming for a measured approach that maintains economic relations. Despite this, EU Commission President Ursula von der Leyen noted significant disappointment over the tariffs, asserting they are detrimental for both consumers and businesses. France's finance minister echoed the sentiment, advocating for retaliatory tariffs to restore balance. Canada's Prime Minister also criticized the tariffs as harmful to trade relations. The tariffs are set to take effect on April 2, intensifying concerns over potential trade wars and economic impact on both sides of the Atlantic.