European commissioner Pierre Moscovici with some comments

  • There are only losers from trader wars
  • Wants to avoid escalation with US but EU is preparing a riposte
  • Retaliatory measures versus US tariffs would be "immediate"

A slightly different stance from what Zypries has mentioned here, but pretty much the same message in that they will respond but question is, with what?

"Calm down, guys. I've got this covered".