The European Union is prepared to retaliate against the Trump administration's planned tariffs if it can’t reach a deal with the U.S., European Commission President Ursula von der Leyen said. Von der Leyen,

Europe has “a strong plan” for striking back at the United States in response to Donald Trump’s tariff hikes “if necessary,” a top official said Tuesday on the eve of a long-anticipated announcement of massive import levies by the US president.