European Commission President Ursula von der Leyen has vowed that the European Union will defend its economic interests as it prepares for difficult trade talks with U.S. President Donald Trump, who has warned that tariffs against the EU will be imposed “pretty soon.”
Speaking at the annual gathering of EU ambassadors in Brussels, von der Leyen said the bloc remains open to dialogue but will not hesitate to protect itself if necessary.
“We will be ready for tough negotiations where needed and to find solutions where possible,” she said. “But we will make it equally clear that we will always protect our own interests – however and whenever that is needed.”
Her comments came a day after Canada and Mexico reached last-minute agreements with the White House to delay 25% tariffs, a move seen as a strategic maneuver by Trump to extract concessions from allies rather than simply rebalance trade relations.
EU Braces for Potential Tariffs
Trump’s remarks have heightened concerns in Brussels, as the EU could be next in line for punitive tariffs.
“The European Union has abused the United States for years, and they can’t do that,” Trump told reporters, repeating claims that the EU blocks U.S. cars and farm products while enjoying a trade surplus in goods worth €155.8 billion in 2023. However, the U.S. maintains a €104 billion surplus in services, a factor Trump has largely ignored in his criticisms.
Impact on Global Trade and Economy
The potential trade conflict comes at a time when EU-U.S. trade represents nearly 30% of global commerce and accounts for 40% of the world’s GDP.
Von der Leyen highlighted the deep economic ties between the two economies, emphasizing that European companies employ 3.5 million Americans and another one million U.S. jobs depend on transatlantic trade.
“There are jobs, businesses, industries here and in the United States that rely on the transatlantic partnership. So we want to make it work,” she said.
EU Strategy Moving Forward
The European Commission has exclusive authority over trade policy, meaning Brussels will take the lead in responding to Trump’s tariffs if they are enacted. However, von der Leyen did not specify which U.S. industries could be targeted in potential retaliation.
Canada, for instance, had prepared to impose counter-tariffs on key American exports from Republican-leaning states before reaching a temporary deal. The EU may adopt a similar approach.
At the same time, von der Leyen urged European diplomats to diversify trade relationships, calling on them to build ties with new partners, including China, while reducing reliance on traditional alliances.
“Europe must deal with the world as we find it,” she said, warning that wars, economic sanctions, disruptive technologies, and climate change are shaping a new era of “hyper-competitive and hyper-transactional geopolitics.”
What’s Next?
While talks with the U.S. remain the EU’s “first priority”, von der Leyen stressed the need for “level-headed” diplomacy, rather than reacting out of “emotion or nostalgia.”
With Trump’s tariff threats looming and economic uncertainty rising, the EU is preparing for a new chapter in transatlantic trade—one that could redefine global commerce for years to come.