• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
Politics
Europe

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

By
AFP
AFP
Down Arrow Button Icon
By
AFP
AFP
Down Arrow Button Icon
April 3, 2025, 4:28 AM ET
"There seems to be no order in the disorder. No clear path through the complexity and chaos that is being created as all U.S. trading partners are hit,' said president of the European Commission, Ursula von der Leyen.
"There seems to be no order in the disorder. No clear path through the complexity and chaos that is being created as all U.S. trading partners are hit,' said president of the European Commission, Ursula von der Leyen.Nicolas Economou/NurPhoto via Getty Images

European leaders hit out Thursday against sweeping new US tariffs, with the EU saying it was ready to respond with countermeasures while opening the door for last-ditch negotiations.

Recommended Video

US President Donald Trump on Wednesday announced a 20 percent tariff for the European Union as part of sweeping charges on imports that have sparked fears of a global trade war.

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

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”.

“I deeply regret this choice,” von der Leyen said on a visit to Uzbekistan.

“There seems to be no order in the disorder. No clear path through the complexity and chaos that is being created as all US trading partners are hit.”

But she said it was “not too late to address concerns through negotiations”, aiming for a cool-headed response to the tariff threat facing the bloc.

Germany backed the efforts for a “negotiated solution” but economy minister Robert Habeck said the EU was ready to give a “balanced, clear and determined response” if talks fail.

In France, President Emmanuel Macron is due to meet heads of sectors hit by the tariffs, and government spokeswoman Sophie Primas said the bloc was “ready for a trade war” and plans to “attack online services”.

Britain — no longer an EU member and a staunch US ally — said it hoped an economic deal would “mitigate” the impact of the 10 percent tariff Trump is imposing on the UK.

Prime Minister Keir Starmer told business leaders that “clearly there would be an economic impact” but that the government would “fight for the best deal”.

Italy’s Prime Minister Giorgia Meloni called the new tariffs “wrong” and said the bloc would do all it can “to work for a deal with the United States, aiming to prevent a trade war that would inevitably weaken the West in favour of other global actors”.

Her foreign minister, Antonio Tajani, said he would meet with EU trade chief Maros Sefcovic in Brussels on Thursday to discuss a response “based on a pragmatic approach, based on dialogue”.

After Switzerland was hit with 31 percent tariffs, President Karin Keller-Sutter said the government would quickly decide on the next steps, adding that respect for international law and free trade were “fundamental”.

Polish Prime Minister Donald Tusk said friendship with the United States meant partnership, and therefore “really and truly reciprocal tariffs” would be necessary.

There are also concerns in Europe that Trump’s higher customs duties will lead to a flood of cheap goods from other countries, especially China.

‘Do not retaliate’

Bernd Lange, who leads the EU parliament’s trade committee, slammed Trump’s “unjustified, illegal and disproportionate measures”.

European industry groups called Trump’s move counterproductive for nations and customers alike.

The German Automotive Industry Association said the tariffs would “only create losers” and urged the EU to act “with necessary force, while continuing to signal its willingness to negotiate”.

The Association of the German Chemical Industry called on the EU to “keep a cool head,” warning that “a spiral of escalation would only increase the damage”.

The EU had already been hit by several US tariff announcements since Trump returned to office in January, including a 25 percent levy on auto imports that came into force on Thursday.

The bloc’s producers were also affected by a 25 percent US tariff on steel and aluminium from around the world — to which Brussels has already promised countermeasures to begin in mid-April.

US Treasury Secretary Scott Bessent warned countries not to retaliate.

“Sit back, take it in,” he told Fox News. “Because if you retaliate, there will be escalation”.

Subscribe to Fortune Gulf Brief. Every Tuesday, this new newsletter will deliver clear-eyed, authoritative intelligence on the deals, decisions, policies, and power shifts shaping one of the world’s most consequential regions, written for the people who need to act on it. Sign up here.
About the Author
By AFP
See full bioRight Arrow Button Icon

Latest in Politics

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Politics

A federal judge weighing the future of a D.C. golf course doesn’t want to be Amy Poehler, but Trump might be interested as he remakes parks
PoliticsDonald Trump
A federal judge weighing the future of a D.C. golf course doesn’t want to be Amy Poehler, but Trump might be interested as he remakes parks
By Steven Sloan and The Associated PressMay 9, 2026
4 minutes ago
Russian debt defaults are surging, with a quarter of the bond market at risk, while Putin hides in bunkers fixated on his war instead of the economy
EconomyRussia
Russian debt defaults are surging, with a quarter of the bond market at risk, while Putin hides in bunkers fixated on his war instead of the economy
By Jason MaMay 9, 2026
1 hour ago
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals ‘dirty little secret’
PoliticsSocial Security
Ted Cruz says the quiet part out loud: Trump accounts are Social Security personal accounts as GOP senator reveals ‘dirty little secret’
By Jason MaMay 9, 2026
3 hours ago
Putin presides over Russia’s Victory Day parade without tanks, missiles and other heavy equipment due to threat of Ukrainian long-range drones
PoliticsRussia
Putin presides over Russia’s Victory Day parade without tanks, missiles and other heavy equipment due to threat of Ukrainian long-range drones
By The Associated PressMay 9, 2026
5 hours ago
Bahrain, which hosts the U.S. Navy’s Mideast HQ, arrests dozens with alleged links to Iran’s Revolutionary Guard
PoliticsIran
Bahrain, which hosts the U.S. Navy’s Mideast HQ, arrests dozens with alleged links to Iran’s Revolutionary Guard
By Adam Schreck, Samy Magdy and The Associated PressMay 9, 2026
5 hours ago
Pedestrian who jumped Denver airport fence dies after being hit by Frontier Airlines plane, sparking an engine fire and forcing passengers to evacuate
North AmericaAirline industry
Pedestrian who jumped Denver airport fence dies after being hit by Frontier Airlines plane, sparking an engine fire and forcing passengers to evacuate
By The Associated PressMay 9, 2026
6 hours ago

Most Popular

California farmers must destroy 420,000 peach trees after Del Monte closes its canneries and cancels more than $550 million in long-term contracts
North America
California farmers must destroy 420,000 peach trees after Del Monte closes its canneries and cancels more than $550 million in long-term contracts
By Sasha RogelbergMay 7, 2026
2 days ago
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
Magazine
A Michigan farm town voted down plans for a giant OpenAI-Oracle data center. Weeks later, construction began
By Sharon GoldmanMay 6, 2026
4 days ago
The CEO of Maersk, which ships 14% of everything you buy, said the Iran war is adding $500 million in monthly costs it's trying not to pass down
Energy
The CEO of Maersk, which ships 14% of everything you buy, said the Iran war is adding $500 million in monthly costs it's trying not to pass down
By Sasha RogelbergMay 8, 2026
1 day ago
Current price of oil as of May 8, 2026
Personal Finance
Current price of oil as of May 8, 2026
By Joseph HostetlerMay 8, 2026
1 day ago
'Blue dot fever' plagues musicians like Post Malone, Meghan Trainor, and Zayn as a growing list of artists cancel tours due to lagging ticket sales
Arts & Entertainment
'Blue dot fever' plagues musicians like Post Malone, Meghan Trainor, and Zayn as a growing list of artists cancel tours due to lagging ticket sales
By Dave Lozo and Morning BrewMay 7, 2026
2 days ago
You're probably safe from the Hantavirus outbreak, but here's what you absolutely must not do, experts say
Politics
You're probably safe from the Hantavirus outbreak, but here's what you absolutely must not do, experts say
By Catherina GioinoMay 8, 2026
24 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.