European Commission President Ursula von der Leyen announced the EU's intention to launch countermeasures against US tariffs amounting to $28 billion, calling them unjustified trade restrictions. She emphasized that tariffs harm businesses and consumers, disrupt supply chains, and create economic uncertainty. The US tariffs, especially on steel and aluminium imports, are seen as part of a broader trade conflict initiated by the Trump administration. Despite the tensions, von der Leyen expressed openness to negotiations with the US to find alternative solutions to the trade disputes.
"Tariffs are taxes. They are bad for business, and even worse for consumers. These tariffs are disrupting supply chains. They bring uncertainty for the economy."
"For the first time, these rebalancing measures will be implemented in full. Tariffs will be applied on products ranging from boats to bourbon to motorbikes."
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