EU Prepares Counter-Offensive Against US Tariffs, Targeting Big Tech and Banks
In response to US tariffs, the EU initially mirrored American actions with equivalent levies. However, facing further threats targeting both tariffs and non-tariff barriers, the EU now plans a stronger counter-response. This strategy leverages the EU’s economic power, including its large market size and influence across various sectors. Potential targets for retaliatory measures include major US financial institutions and tech companies. The EU intends to employ a broader range of countermeasures beyond simple tariff matching.
John Q. Hosedrinker