EU Leader: Tariffs Will Bring “Immense Consequences”

Reuters reports:

European Commission President Ursula von der Leyen described U.S. Donald Trump’s universal tariffs as a major blow to the world economy and said the European Union was prepared to respond with countermeasures if talks with Washington failed.

“We are already finalising the first package of countermeasures in response to tariffs on steel,” she said in a statement read out in Uzbek city Samarkand on Thursday, ahead of an EU-Central Asia partnership summit.

Von der Leyen said she deeply regretted the U.S. move and warned of “immense consequences” for the global economy, including vulnerable countries facing some of the highest U.S. tariffs.

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