The European Union holds "a lot of cards" that can be leveraged to negotiate, dissuade and, if needed, "push back" against Donald Trump's plan to impose sweeping reciprocal tariffs on all America's trading partners, Ursula von der Leyen has said on the eve of what the US president has dubbed "Liberation Day".
Trump, whose unprecedented initiative has antagonised long-time allies, rattled stock markets and raised the spectre of recession, has said his tariffs would target "all countries" as a starting point and then "let's see what happens".
