It will hit back immediately. It will target the industries that will hurt the most. And it won’t be bullied or pushed around. We can expect to hear lots of tough rhetoric from European leaders today as the bloc prepares to retaliate against Donald Trump’s threat of tariffs of 10 per cent or more on European exports to the United States. There is just one problem, however. It can talk as tough as it wants to – but it is still going to lose.
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