I’ve decided for purposes of fairness that I will charge a reciprocal tariff,” Trump said in the Oval Office at the proclamation signing. “It’s fair to all. No other country can complain.”

European Commission President Ursula von der Leyen said the bloc will respond if Donald Trump follows through on his threat to impose global reciprocal tariffs, calling them a “step in the wrong direction.

The European Commission said on Friday it would react "firmly and immediately" against tariff increases resulting from U.S. President Donald Trump's proposed reciprocal trade policy, which it labelled unjustified and a step in the wrong direction.