The trade conflict between the United States and the European Union is set to escalate as Brussels prepares retaliatory measures against Donald Trump’s latest tariff plans, a European investment bank has warned.
Analysts Inga Fechner and Ewa Manthey at ING said tensions are set to boil over as Trump pushes ahead with aggressive tariff policies, saying: “President Trump has laid the foundations for further trade escalations. This will not be the last tariff move. Retaliation is on, and it’s going to get nasty.”
The European Commission has warned that it will not hesitate to hit back against new US tariffs, stating: “The EU sees no justification for the imposition of tariffs on its exports. We will react to protect the interests of European businesses, workers, and consumers from unjustified measures.”
Commission President Ursula von der Leyen reinforced this stance, declaring: “Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures.”
Germany’s Chancellor Olaf Scholz echoed this warning, making it clear that Europe will not back down: “We can only say with great caution but great clarity: anyone who imposes tariffs must expect counter-tariffs.”
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