EU adjusts strategy to hit back at US tariffs

Caught by the throat by new US tariffs, the EU is honing its response strategy, attempting to leave a path open to negotiation to avoid a full-blown trade war.
Despite repeated warnings that it would respond "firmly" and "quickly" to US tariffs, the EU is still finalising its countermeasures after Washington made good on its threats by imposing sweeping 20% tariffs on all imports from the bloc on Wednesday.