EC President von der Leyen: EU has strong plan to retaliate against US tariffs if necessary

Dhwani Mehta FXStreet

European Commission President Ursula von der Leyen said on Tuesday, “we do not necessarily want to retaliate. But if it is necessary, we have a strong plan to do so and we will use it.”

Additional comments

"Will assess US announcements carefully to give calibrated response."

"All instruments are on the table for countermeasures."

"We have the power to push back against US tariffs."

Market reaction

The Euro (EUR) remains unfazed by these headlines, with EUR/USD losing 0.07% on the day to trade near 1.0800 as of writing.

Euro PRICE Today

The table below shows the percentage change of Euro (EUR) against listed major currencies today. Euro was the weakest against the Japanese Yen.

	USD	EUR	GBP	JPY	CAD	AUD	NZD	CHF
USD		0.06%	0.10%	-0.16%	0.07%	0.02%	0.14%	-0.13%
EUR	-0.06%		-0.02%	-0.27%	-0.04%	-0.10%	0.03%	-0.25%
GBP	-0.10%	0.02%		-0.27%	-0.03%	-0.08%	0.05%	-0.23%
JPY	0.16%	0.27%	0.27%		0.24%	0.19%	0.30%	0.05%
CAD	-0.07%	0.04%	0.03%	-0.24%		-0.06%	0.07%	-0.21%
AUD	-0.02%	0.10%	0.08%	-0.19%	0.06%		0.13%	-0.18%
NZD	-0.14%	-0.03%	-0.05%	-0.30%	-0.07%	-0.13%		-0.27%
CHF	0.13%	0.25%	0.23%	-0.05%	0.21%	0.18%	0.27%

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent EUR (base)/USD (quote).

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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