EU Braces for Impact as Trump Targets Trade

European companies are trying to prepare for the fallout from President Donald Trump’s tariffs-first approach to trade policy as he finally finds the time to turn his attention to the EU after two quick wins with Canada and Mexico. Trump has threatened to slap tariffs on all imports from the European Union as a way of fixing what he deems an unfair trade surplus in the EU’s favor. According to European business executives, the impact of such a move could be quite serious, the Financial Times reported last week as investment banks start…