Europe has "a strong plan" for striking back at the United States in response to Donald Trump’s tariff hikes "if necessary," European Commission President Ursula von der Leyen said. "I hear Americans,

Trump has repeatedly called April 2 “Liberation Day,” with promises to roll out a set of tariffs, or taxes on imports from other countries, that he says will free the U.S. from a reliance on foreign goods. To do this, Trump has said he’ll impose “reciprocal” tariffs to match the duties that other countries charge on U.S. products.