EU finalizes countermeasures against US tariffs if talks fail

European Commission President Ursula von der Leyen has announced that the EU is finalizing a package of countermeasures in response to the tariffs imposed by U.S. President Donald Trump, which include a 20% tariff on EU goods. She emphasized that these tariffs pose a serious threat to the global economy and could lead to heightened protectionism and rising consumer prices. The EU is prepared to impose tariffs on up to €26 billion worth of U.S. goods if negotiations do not yield results, as the bloc aims to protect its interests and support affected sectors. Von der Leyen acknowledged the validity of concerns regarding global trade imbalances but cautioned that tariffs are not a viable solution. The EU's response is part of a broader strategy to maintain unity and ensure fair trade practices amid escalating global tensions. Overall, the situation underscores the fragile nature of international trade relations under current U.S. policies.