The European Union is looking to give itself some leverage against the Trump administration, releasing a plan on Thursday to hit the United States with additional tariffs if trade negotiations don’t come to fruition.
The European Commission unveiled two steps it would take against the United States, including a higher tariff on more than $100 billion worth of U.S. goods and unleashing a trade dispute against the United States with the World Trade Organization, The New York Times reported. The European Union announced its retaliation plan as President Donald Trump said he will agree to a “major deal” with the United Kingdom on Thursday.
“We believe there are good deals to be made for the benefit of consumers and businesses on both sides of the Atlantic,” said European Commission President Ursula von der Leyen. “At the same time, we continue preparing for all possibilities,…
