EU Considers Retaliation Against U.S. Tariffs on Auto Industry

According to BlockBeats, the European Union is contemplating measures against U.S. service exports, particularly targeting major tech companies, in response to U.S. President Donald Trump's imposition of a 25% tariff on the automotive industry. An EU diplomat stated that while the U.S. believes it holds an advantage in the trade conflict, the EU is equally capable of escalating the situation. The ultimate aim is to ease tensions through a comprehensive trade agreement. Potential retaliatory actions may include restricting intellectual property rights of large tech firms and prohibiting Elon Musk's Starlink satellite network from securing government contracts. Italy is already reconsidering its decision to purchase the system.