Don't Be Chickenshits

The pain points aren't exactly a mystery.

Now, with Washington threatening to punish the EU further, not only for its existing tariffs but also for what it sees as nontariff barriers such as its tech regulations, Brussels is preparing to up the ante.

“We will approach these negotiations from a position of strength,” European Commission President Ursula von der Leyen said in a speech to the European Parliament on Tuesday, the eve of Trump’s big tariff announcement.

“Europe holds a lot of cards. From trade to technology, to the size of our market. But this strength is also built on our readiness to take firm countermeasures. All instruments are on the table.”