EU vows immediate response to new US tariffs

The European Union announced it will respond "firmly and immediately" to new tariffs imposed by U.S. President Donald Trump. The EU criticized the tariffs as unjustified and harmful to global trade. Trump's tariffs target both allies and competitors, claiming that U.S. allies often impose worse trade barriers. The EU stated it has some of the lowest tariffs globally and sees no reason for the U.S. to increase them. The European Commission emphasized that tariffs raise costs for U.S. consumers and businesses, potentially stifling growth and increasing inflation. This marks a significant escalation in the ongoing trade tensions between the U.S. and the EU.