EU Commission head strategizes with industry on U.S. tariffs, proposes trade measure

From Yahoo Finance: 2025-04-07 06:30:00

European Commission President Ursula von der Leyen held calls with metals industry representatives and planned to speak with the automobile sector to strategize responses to U.S. tariffs. Asian equity markets fell, European shares hit a 16-month low, and oil prices dropped due to fears of economic impact. Von der Leyen proposed a trade measure to address global overcapacities and sought input from industry for a common response to the tariffs. The auto industry call included major companies like BMW and Volkswagen, while the pharmaceutical industry was also consulted for potential impacts and solutions.



Read more at Yahoo Finance: EU Commission head discusses U.S. tariff response with auto, steel and pharma executives