World News | EU Leader Says Trump's Tariffs Are Major Blow to World Economy, Will Hurt Vulnerable People Most

Bangkok, Apr 3 (AP) US President Donald Trump's announcement of a new 20% tariff on the European Union drew a sharp rebuke from European Commission President Ursula von der Leyen.

She said it was a major blow to the world economy and the consequences “will be dire for millions of people."

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Groceries, transport and medicines will cost more, she said, “And this is hurting, in particular, the most vulnerable citizens.”

Von der Leyen acknowledged that the world trading system has “serious deficiencies” and said the EU was ready to negotiate with the US but also was prepared to respond with countermeasures. (AP)

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)