European finance ministers brace for Trump’s surprise 30% EU tariffs: ‘If you want peace, you have to prepare for war’

European trade ministers are meeting in Brussels on Monday, following U.S. President Donald Trump’s surprise announcement of 30% tariffs on the European Union.

The EU is America’s biggest business partner and the world’s largest trading bloc. The U.S. decision will have repercussions for governments, companies and consumers on both sides of the Atlantic.

“We shouldn’t impose countermeasures at this stage, but we should prepare to be ready to use all the tools in the toolbox,” said Denmark’s foreign minister...