Ursula von der Leyen, President of the European Commission, has unveiled a comprehensive strategy to counter United States President Donald Trump's latest tariff threats. Addressing the European Parliament, von der Leyen emphasized the EU's readiness to retaliate against what she termed unjust trade practices.

Expressing dismay at the looming tariffs, von der Leyen stated, "Europe did not initiate this confrontation, but we are fully prepared to defend our interests." She highlighted the EU's formidable economic leverage, citing the world's largest single market and the collective strength to negotiate effectively.

"While we prefer dialogue," von der Leyen asserted, "we are prepared to take firm countermeasures if necessary." She condemned tariffs as detrimental taxes that would escalate inflation and harm both American consumers and European industries, particularly the automotive sector.

Trump's proposed tariffs, including a significant levy on cars and vehicle parts, have triggered concerns across Europe, where millions of jobs rely on the automotive industry. The EU has already responded with retaliatory tariffs on US goods worth 26 billion euros ($28bn), escalating tensions between Brussels and Washington.

As Trump prepares for what he has dubbed "liberation day" with his upcoming tariff announcement, von der Leyen underscored the EU's commitment to safeguarding its economy and promoting fair global trade practices. Despite Trump's assertion that tariffs are necessary to address trade imbalances, von der Leyen urged collaboration over confrontation in addressing global trade challenges.

The EU remains open to negotiations but stands ready to defend its economic interests vigorously. With Trump's tariffs set to take effect soon, the transatlantic trade dispute shows no signs of abating, casting uncertainty over future economic relations between the EU and the US.