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Lastly, in Europe, the EU is preparing to activate potent trade measures against the US if negotiations fail to address the escalating tariff dispute. European Commission President Ursula von der Leyen signaled a possible levy on major US technology firms, indicating a readiness to escalate the trade conflict into services and digital sectors.
The EU has previously paused plans for significant tariffs on US goods, but these measures could swiftly be reinstated should discussions not yield satisfactory results. Von der Leyen articulated the need for reforming the World Trade Organization (WTO) to address challenges posed by China's trade practices while emphasizing the longstanding shift in trade dynamics due to Trump's tariffs.