EU official warns of ‘arsenal' of measures to respond to Trump’s tariffs

EU official warns of ‘arsenal' of measures to respond to Trump’s tariffs
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A top trade official in the European Union warned the White House on Thursday that it has an "arsenal" of measures at its disposal to fight back against President TrumpDonald John TrumpIran claims it rejected Trump meeting requests 8 times ESPY host jokes Putin was as happy after Trump summit as Ovechkin winning Stanley Cup Russian ambassador: Trump made ‘verbal agreements’ with Putin MORE's planned tariffs on steel and aluminum imports.

Reuters reports that European Financial Affairs Commissioner Pierre Moscovici told BFM TV on Thursday that the European trading bloc is planning a response to the tariffs that it still hopes Trump will back down from imposing.

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“If Donald Trump puts in place the measures this evening, we have a whole arsenal at our disposal with which to respond,” Moscovici said referring to reports that Trump could take action on the tariffs Thursday.

“We must accept that the world becomes a place of each man for himself,” he added.

Moscovici went on to add that EU officials could target American products primarily manufactured in Republican-held districts in order to drive home the point to the GOP-held Congress that tariffs would be a bad idea.

"We want Congress to understand that this would be a lose-lose situation,” he said.

Trump has largely dismissed criticism from top Republicans, including House Speaker Paul RyanPaul Davis RyanWhy the rush to condemn a carbon tax? House votes to go to conference on farm bill House backs resolution expressing support for ICE MORE (R-Wis.) on his trade stances, and on Sunday tweeted that a global trade war sparked by his plan to raise tariffs of 25 percent on steel imports and 10 percent on aluminum imports would be "easy" for the U.S. to win.

"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win. Example, when we are down $100 billion with a certain country and they get cute, don’t trade anymore-we win big. It’s easy!" the president tweeted.

Republicans, however, have largely denounced the proposals and threatened action in Congress to stop the president's plan.

"There is a series of legislative actions that could be taken to reverse the decision, obviously with the president supporting them they would have to be done in a way that would overcome any action that he would take, but we still have time,” Sen. Cory GardnerCory Scott GardnerRepublican bill aims to deter NATO members from using Russian pipeline Congress must catch up to voters on marijuana issue Senate weighs new Russia response amid Trump backlash MORE (R-Colo.) said this week.

European Commission Vice President Jyrki Katainen said Thursday that he is hoping that the Trump administration will grant the EU an exemption from the stiff tariffs.