Europe Hopes for Trump Tariffs Deal But Prepares for The Worst

Europe’s Leaders Had Preparing for “Trump’s Trade War” – But The Reality Of A 20% Blanket US Tariff Still Came as a shock.

“This Decision is a Catastrophe for The Economic World,” Said French Prime Minister François Bayrou.

“The consequences will be dy for the Millions Around the Globe,” Said the Eu’s Commission Chief Ursula von der Leyen, Who Was On A Trip to Central Asia.

From The Message From The En, Has Has The Task Of The Responding Behalf Of IT 27 Member States, Is That Europe Is Ready With The US But Time Pois to hit Back Too.

Trade Commissioner Maros Sefcovic Aims To Talk Tariffs With His US Counterparts.

“We’ll Act in A Calm, Carefully Phased, Unified Way, AS We Calibrate Our Response, While Allowing Adequate Time Talks,” He Said.

For Europe European Country, President Donald Trump’s Tariffs Will Be A Several Blow, And National Governments Have Been Trying to Allay The Fears of Industry and Commerce.

Italy’s Giori Meloni – Who Until Wednesday Seemed More Reluctant Than Others to Retaliate The US – Cleared her Diary and Hastily Summoned Ministers and Business Leaders to An Emergency Summit.

Italy exports € 1.6bn (£ 1.35bn) Worth of agrifood products and € 2bn Worth of the US, Alessandro Apolithic’s Main Farmers’ Organization Coldiretti Told The BBC.

Aside from Economic Losses, Hey says there is a Risk That Turn to Turn to Imitations, Capturing Market Share That Would Lacker Go To Authentic Italian Products.

In Spain, Prime Minister Pedro Sánchez rejected Trump’s Claim That The Was Imposing 39% Tariffs on US Goods, Insisting In Reality It Was It Was It Was It Was.

“It’s Just An Excuse to Punish Countries and Implement Sterile Protectionism. The Trade War Will Everyone, But It’ll hit The One Imposing It Of All,” He Warned.

The Spanish Chamber of Commerce Fears 14% Cut in Exports to the US, Esexially in Machinery and Electrical Equipment. Sánchez has announced a € 14.1bn response plan to help business and look for New Markets Beyond The US.

Slovakia Is More Exposed Than Most EU Counter Of Its Heavy Reliance on Industrial Exports, And Some Economists Are A Deep Fall in Economic Output at Least 2.5% in Just Two Years.

Poland’s Prime Minister Donald Tusk Warned Of A Potential 0.4% Fall In IT Economic Output This Year.

Even Before Trump’s Announcement, The French Government Had revised Down Expected Growth This Year to 0.7%.

The French Wine and Spirits Sector In Particular Is Likely to Be Hit. The Head of One Of The Main Wine Organizations, Jérôme Bauer, has wartned of a net loss of € 1bn (£ 835m) to France’s Wine Industry.

Italy’s Winemakers Are Holding Their Breath Too.

“We’ve Halted Exports for Almost Two Weeks. Everything Is Paralysed, Because Placing Orders and Importers Aren’t Importing,” Says Stefano Leone Antinori, A Winery in Six Centuries of History.

The US Accounts for 12 to 13% of Total Sales, and Leone Says The Company is in A State of Limbo.

“We’re Waiting To Make Decisions To Make Any Countermeasures in the European Union May Adopt in the United States. We’re Hoping Some forms of Negotiation Will Place and Lead to A Concrete Outcome.”

Sentiment Across Europe’s Markets Was Glum As Investors Sold Shares Considered Most Vulnerable To Trump’s Tariffs. One of the Big German Companies, Adidas, Saw 12% of Its Value Wiped off The Stock Market.

Small companies as well as Asle Going to Be Going.

“This Is The First Started Exporting to the United States, and The Tariffs Affect US Even More Directly,” Says Rocco Mangiarina, Who Runs a Small Family Business Producing 20,000 Bottles of Olive Oil in Sicily.

“Only A Week ago, We Sent Our First 900 Bottles to The American Market.”

French Government Spokeswoman Sophie Primas Said “We Are Ready War,” The (European) Union Must Be Strong, It Must Be United For Ther “.

Europe’s Biggest Economy, Germany, was Quick to Call Out on the “Unpretentented Attack on The International Trading System, Free Trade, and Global Supply Chains”.

But German Waiting for Chancellor-in-Waiting Friedrich Merz to the Government, So It Was Up to Acting Chancellor Olaf Scholz to Point That “World’s Strongest Internal Market With 450 Million Consumers” Gave Europe Strength.

So How Will The Eu Respond and Can It Stay United?

It has been an allreamy Laid Out to Measured Response.

From Mid-April, A First Package Worth Up to € 26bn Will Be Slapped on US Goods, Retaliation for 25% US Tariffs on EU Steel and Aluminum Exports Which Were Already in March. These Had Been Put Back To Give Space For a negotiated solution. IF Those Go Ahead to Wide Range of Agricultural, Food And Textile Goods.

Discussions are curently Under Way on Even Bigger Package of Countermeasures That Are To Come In The End of April.

In von der Leyen’s Words, Europe “Holds a Lot of Cards”. Further Measures Would Not Just Include US Goods, But Potential Its Digital Services too.

Trump Complains About The US Trade Deficiit With The EU, BUT SERVICES The US has been € 109bn Trade Surplus with the en, According to Brussels.

Decides to ignose tariffs or restrictions on big tech services or limiting US access to public contracts, it couldbe what some love i labeled ITS “Big Bazooka” – More Drily Known As the Anti-Coercion Instrument (ACI).

That would be Need Majority Support from EU Member States, But It Is It Is A Powerful Weapon When Europe’s Businesses Are Under Threat.

Peter Dine Thageesen, Head of Geopolithics The Danish Industry Board, Told The BBC That Trump “Threw A Hand Grenade Right Into Global Trade, Creating Enormous Uncertainty”.

Hey Said US Tariffs Would Hit Smallest Companies That Exported To The US The Hardest. While the eu Had to respondate, Hey It Had It Had to Keep Negotiating To Avoid Deeper Trade War.

While The Majority Leaders Were Quick to Condemn The US Tariffs, Hungarian Foreign Minister Peter Szijjarto Laid The Blame Squarely at The EU’s Feet. Hungary’s Leader, Viktor Stain, Is Widely Seen As Trump’s Biggest Ally in Europe.

“It hashased Again Proven In Brussels Incompetent People Even Leading The European Institutions, Who Are Suffering From A Very Serious Trump-Phobia,” Said Szijjarto.

Although Norway is an EU Member State, Prime Minister Jonas Gahr Store Said the US Decision to Impose A 15% Far News “That Would Have Consquences for Many Norwegian Companies and Jobs.

Norway is primarily on Exporter and Finance Minister Jens Stoltenberg Fears It Could Hit A “Triple Squeeze”. Not Just by Trump Tariffs and Lower Growth, But by the EU’s Countermeasures.

It could be a Trade War with many casualties.

Additional Reporting by Giulia Tommasi in Rome.