The much-awaited 2 April—dubbed "Liberation Day" by the Trump administration – has arrived, with Washington poised to unveil sweeping new tariffs on its major trading partners, placing the European Union directly in the firing line.
Latest reports suggest the new duties could reach as high as 20% on all imports, targeting a wide range of sectors from cars to pharmaceuticals. If enacted, the move would mark a sharp escalation in transatlantic trade tensions, and potentially deliver a heavy blow to Europe’s already sluggish industrial momentum.
