A senior European Union official has alerted the U.S. that the world’s largest trade bloc possesses significant leverage concerning U.S. tariffs and is prepared to retaliate if necessary. Following U.S. President Donald Trump’s announcement of new tariffs on imports, effective April 2 and referred to as Liberation Day, the EU plans to impose duties on U.S. goods valued at around $28 billion. This response will primarily target steel, aluminum, textiles, and other sectors in reaction to U.S. tariffs on steel and aluminum. European Commission President Ursula von der Leyen emphasized that the EU has a robust strategy to respond to these new tariffs from the U.S.