EU says Trump’s tariffs ‘major blow to the world economy’ but remains open to talks despite U.S. escalation

Quick Summary:

President Donald Trump on Wednesday announced a 20% tariff for the European Union—a major blow to the 27-member bloc.

The 27-member bloc's chief Ursula von der Leyen called the levies a "major blow to the world economy" and said Brussels was "preparing for further countermeasures".

Trump has previously imposed tariffs on European steel and aluminium imports as well as cars and auto parts.

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Article Details

Author / Journalist: AFP

Category: EconomyBusiness

Markets: United States

Topics: Ursula von der Leyen Tariffs and trade Donald Trump European Union Editor's Picks LondonWires

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-03 @ 08:28:31 (1 days ago)

News Timezone: GMT +8:00

News Source URL: fortune.com

Language: English

Article Length: 633 words

Reading Time: 4 minutes read

Sentences: 5 lines

Sentence Length: 127 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Fortune

News ID: 27559220

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Official Website: fortune.com

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