EU retaliates against US tariffs with €100B counterstrike

The European Union is preparing a €100 billion counterstrike against U.S. tariffs imposed by the Trump administration, signaling a potential breakdown in transatlantic relations. The EU plans to target U.S. planes and automobiles, while also considering restrictions on scrap steel and chemical exports. Brussels will also initiate a World Trade Organization dispute over the tariffs on cars and car parts. This response comes after Trump imposed tariffs on European goods, prompting the EU to acknowledge that a return to the previous relationship with Washington is unlikely.