Against US tariff hand, EU holds 'lot of cards'

The US intends to impose sweeping tariffs on global partners as soon as Wednesday. Trump has said the measures will rectify tariffs as well as non-tariff barriers that he says are unfair, such as domestic regulations and how countries collect taxes, including the EU's value-added tax. The EU says its VAT is a fair, non-discriminatory tax that applies equally to domestic and imported goods.