The European Union is considering energy and arms purchases from the United States to prevent potential tariffs threatened by President Trump. EU Economy chief Valdis Dombrovskis emphasized the importance of transatlantic cooperation,

Europe will respond to any tariffs imposed by President Donald Trump in a proportionate way, the European Union's commissioner for the economy told CNBC Wednesday. "If there is a need to defend our economic interests we will respond in a proportionate way,

President Donald Trump has once again threatened the EU with duties, and European leaders are vowing to respond in kind.

Core Inflation Rate YoY Final for Dec in Euro Area is 2.7%, unchanged from its last period. The forecast was 2.8%. Inflation Rate YoY Final for Dec in Euro Area is 2.4%, higher than the previous value of 2.2%. The forecast was 2.4%.

A trade war is not in the interest [of either party] neither for the U.S., neither for the European Union,” Pedro Sanchez said.

The European Union has announced a proportional response to any tariffs imposed by U.S. President Donald Trump. EU Commissioner for the Economy Valdis Dombrovskis emphasizes that the Union is ready to defend its economic interests.

The European Union’s Commissioner for the Economy has confirmed retaliatory actions against Trump’s incoming tariffs on goods imported from the EU region. The top economy official said that the EU is ready to defend its economic interests and will respond proportionately.