U.S. President Donald Trump’s announcement of a new 20% tariff on the European Union drew a sharp rebuke from European Commission President Ursula von der Leyen.

European Commission President Ursula von der Leyen vowed to respond to U.S. President Trump’s latest round of levies on foreign imports, calling them “a major blow to the world economy.”“The global economy will massively suffer,

The European Union is preparing further countermeasures against U.S. tariffs if negotiations fail, according to European Commission president Ursula von der Leyen. U.S. President Donald Trump had imposed 20% tariffs on the bloc on Wednesday.