Part 6/9:
In response to the tariffs, Europe is outlining a three-pronged strategy to navigate the turbulent waters of global trade. The first element revolves around negotiation and unity. Europe recognizes its considerable leverage due to its size and the robustness of its single market. A united front allows Europe to engage from a position of strength, ready to defend its interests.
Secondly, Europe aims to diversify trade relationships. By strengthening its ties with fast-growing markets around the world, such as those in Mexico, India, and Southeast Asia, Europe seeks to cushion itself against potential repercussions from U.S. tariffs.