• Europe will respond appropriately and proportionately.
  • Trump's decision on tariffs is fundamentally wrong.
  • Entire world economy will suffer from this.
  • Even if we did nothing in response, the tariffs will cause problems for the US economy.
  • There are intricate supply chains that you can't simply sever.
  • It would be a serious economic error.

European leaders have been commenting on Trump's reciprocal tariffs but for now it's been all just bark and no bite.

Scholz
Source: Forex Live