Europe will go after Big Tech if U.S. trade talks are not 'satisfactory', von der Leyen warns: 'Never waste a good crisis'

European Commission President Ursula von der Leyen (Credit: VYACHESLAV OSELEDKO—AFP/Getty Images)

For a brief while, it looked like U.S. tariffs on Europe would reach prohibitive levels. A 90-day pause may have deferred that, but the European Union is preparing all the tools in its arsenal—including levies on Big Tech companies. 

The EU offered to negotiate and avert significant trade disruptions. But President Donald Trump disregarded those attempts, accusing the bloc of existing to “screw the U.S.”