The European Union is preparing a strategic and creative response to U.S. tariffs by targeting products from Trump-supporting states, such as ice cream, soybeans, and cigarettes. These retaliatory tariffs could reach up to 25% and would affect around €22.1 billion worth of goods imported by the EU in 2024. The move is designed to exert political pressure by hitting key U.S. export sectors. Meanwhile, President Trump has announced a 90-day pause and reduction of reciprocal tariffs to 10%, which has led to a surge in global markets. Critics have accused Trump of market manipulation due to the sudden policy reversal.
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