A senior European Union official cautioned the United States on Tuesday about the significant leverage possessed by the world’s largest trading bloc in response to the Trump administration’s new tariffs, and expressed confidence in having a solid plan to retaliate if necessary.

President Donald Trump is set to unveil import taxes from other nations on Wednesday, with the aim of reducing the U.S.'s dependence on foreign products. He has pledged to enforce comparable tariffs to match those imposed by other countries on American goods, labeling April 2 as "Liberation Day."

European Commission President Ursula von der Leyen informed EU lawmakers that Europe did not seek this trade conflict but is prepared to retaliate with a robust strategy if required. The Commission, responsible for negotiating trade agreements for the EU's 27 member states and handling trade disputes on their behalf, is ready to utilize all available options, highlighting the EU’s strength in areas such as trade and technology.

In mid-April, the Commission plans to levy tariffs on U.S. goods amounting to approximately $28 billion in response to Trump's steel and aluminum tariffs. The EU's duties will cover a range of products, including steel, aluminum, textiles, home appliances, and agricultural goods.

While details about the implementation of Trump’s tariffs remain unclear, particularly the "reciprocal" tariffs, the EU intends to evaluate their impact before taking any retaliatory measures. Von der Leyen expressed disheartenment among many Europeans over the U.S.'s announcement, emphasizing the importance of finding a constructive solution within the largest and most prosperous global trade relationship.