Divided EU scrambles for a response to Trump’s tariffs

Europe takes its time to respond to Trump's tariff offensive

The European Commission still hopes to negotiate with Washington to mitigate the damage that the announced tariff increases would cause. The first wave of retaliations, initially set to take effect on April 1, have been postponed for some until mid-April and for others until mid-May.

Europe Has Economic Power. Can It Use It Against Trump’s Tariffs? - Overpasses For America

The European Union, taken as a whole, is America’s biggest trading partner. That makes President Trump’s fresh tariffs especially painful for the 27-nation bloc — but also gives it a uniquely large amount of economic weight to throw around in response. In the hours after Mr. Trump’s sweeping tariff announcement on Wednesday, European leaders began to make clear that they plan to do so. Among the options: to impose trade barriers on U.S. services…

EU Calculates Cost of Trump’s Tariff Bazooka

Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European Union.The EU is counting the cost of President Donald Trump’s tariff bazooka, as the levies push transatlantic relations to a nadir. French President Emmanuel Macron urged European firms to suspend US investments, with the government eyeing moves to hit America’s tech companies. Outgoing German vice chancellor, Robert Habeck, meanwhile su

Divided EU scrambles for a response to Trump’s tariffs

Also in this newsletter: Solving the Hungarian problem

Even though the EU does not want a trade war with the US, some American goods could still be subject to tariffs and become more expensive for Swedish consumers. “This could include orange juice, peanut butter, bourbon, but also steel,” says Pia Fromlet, a Euroeconomist at the bank SEB.

Ireland urges caution as EU prepares response to Trump’s tariffs on imports into US

Government has been privately urging the bloc not to escalate the brewing trade war