JUST IN: 🇫🇷🇪🇺 France say European Union is ready to retaliate against President Trump's tariffs.

The France's warning that the EU possesses retaliatory tools against US tariffs announced by President Trump, stemming from a recent Supreme Court ruling that invalidated prior duties, prompting a new 10% global levy on imports.

- This echoes the 2018 US-EU steel and aluminium tariff dispute, where the EU imposed countermeasures on $3 billion of US goods, potentially leading to similar WTO-compliant responses that could raise prices for consumers on both sides.

- Economic analyses, including from the European Commission, estimate that escalating tariffs could reduce EU growth by 0.2-0.5% in the medium term, underscoring risks to global supply chains in sectors like automotive and agriculture.$BTC #EuropeanStand #Europe