Europe says that it holds a lot of trade cards on the eve of Trump's tariff 'Liberation Day'

The European Union has issued a stern warning to the U.S. regarding imminent tariffs proposed by President Trump, asserting that the EU holds significant leverage in global trade and is prepared to retaliate if necessary. European Commission President Ursula von der Leyen stated that while Europe does not seek conflict, it has a robust plan to counter the tariffs, potentially impacting up to $28 billion in U.S. goods. Key areas of retaliation may include steel, aluminum, and various consumer products, indicating a strong economic response rooted in strategic readiness and unity among member countries.

Ursula von der Leyen warned that Europe will retaliate against the U.S. tariffs with a strong plan, stating 'Europe holds a lot of cards'.

The EU is ready to impose duties on U.S. goods worth $28 billion in response to Trump's tariffs, highlighting a measured yet firm approach.

Read at ABC7 Los Angeles