Europe Readies Response to Crippling Tariffs

“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,” the New York Times reports.

“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 firms, in particular giant technology companies like Google who do a huge amount of E.U. business. And policymakers are already finalizing lists of jacked-up tariffs that could go into effect as soon as mid-April.”