European officials have reiterated that imposing tariffs on the US would hurt both countries, as jobs and companies depend on their relationship. The EU and US represent 30% of global trade, with European companies employing 3.5 million Americans.
EU President Ursula von der Leyen said a trans-Atlantic partnership has been key to peace and prosperity for centuries, and that a trade conflict would be costly for both sides. Statistics show that the EU-US relationship supports industries and businesses on both sides of the Atlantic.
While US President Trump has threatened tariffs against Europe, officials are uncertain about what this would mean in practice. However, they have been quietly planning responses behind the scenes, keeping details secret to maintain strategic advantage.
Von der Leyen said her side is prepared to face potential tariff increases, but emphasized that she could only confirm that no additional EU products are currently subject to tariffs. The US has proposed that Europe buy more American goods, including cars, farm products, and gas, but the timing and details of any levies remain uncertain.
The warning from Europe comes as a trade war looms over the Atlantic, with both sides facing significant economic losses if tensions escalate further.
Source: https://www.nytimes.com/2025/02/04/us/europe-trump-tariffs-us-impact.html