The European Union plans to respond to President Trump’s tariffs with two sets of retaliatory measures, an EU spokesman said Wednesday. The first set has already been announced and deals with U.S. steel and aluminum tariffs.

European leaders hit out Thursday against sweeping new US tariffs, with the EU saying it was ready to respond with countermeasures while opening the door for last-ditch negotiations. US President Donald Trump unveiled stinging tariffs Wednesday on major trade partners including China and the European Union on what he called "Liberation Day".

Donald Trump’s tariff blitz is not exactly making friends with long-time allies, economists, or the libertarian, free trade Right. His approach has made him persona non grata at publications such as National Review and the Wall Street Journal.

Trump also unveils a 10% tariff on UK goods and 20% on EU goods in watershed moment for global trade The president hits out at major trade partners Canada and Mexico, saying their trade practices are "not fair" Trump also announces the 25% tariff on all foreign-made vehicles will begin from midnight local time The UK “expects” to be affected by US tariffs and is not ruling out retaliatory tariffs in response,