France and Germany are pushing for a more robust reaction to US President Donald Trump’s tariff measures, advocating for a forceful retaliation that could strengthen the EU’s negotiating position.

French President Emmanuel Macron believes the European Union should be ready to respond with options such as targeting US tech and services, according to people familiar with his thinking. While France wants to reach a negotiated solution, the government is also pushing for a tougher response.

“Last night’s decision is comparable to the war of aggression against Ukraine,” German Vice Chancellor Robert Habeck told reporters in Berlin Thursday. “The magnitude and determination of the response must be commensurate.”

Bloomberg reported earlier that France and other countries have called on the commission to consider deploying the bloc’s anti-coercion instrument — the EU’s most powerful trade tool, designed to strike back against nations that use trade and economic measures coercively.

The so-called ACI has never been deployed before and could lead to restrictions on trade and services as well as certain intellectual property rights, foreign direct investment and access to public procurement.

Germany and France Push for More Aggressive Tariff Response - Bloomberg

BREAKING

Republican Senator Chuck Grassley and Democratic Senator Maria Cantwell have introduced legislation that would require tariffs to be approved by Congress within 60 days, or the tariffs will expire.

— Yashar Ali 🐘 (@yasharali.bsky.social) 3 April 2025 at 15:48

Does Trump even understand the service sector with Salesforce, MS, Google, Meta and the likes and how USA dominates that and that it's on pretty much every PC or Smartphone in every home or office on the damn planet without "exports"? Does he take the money these companies generate around the world also into account? Oh no, obviously not. Does he know Netflix or Disney+? Or maybe his own social media company? 

What does he think the American service sector generates outside the US? Has he ever heard of Silicon Valley?

I don't know if Ryuu had posted it, but there was a bluesky tweet that I saw, apparently the Trump administration has completely ignored service spending, and the tariffs are entirely based on goods imported/exported. 

No.

What a surprise, I wonder why (not)

Crazy to just forget the most valued companies on this planet when you talk about economy. 

New: The S&P 500 sank 4.8%, the biggest one-day drop since 2020, after Trump's tariff announcement

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— Bloomberg News (@bloomberg.com) 3 April 2025 at 21:19

Winning!

And we still have a jobs report for tomorrow which is unlikely to be good, the tariffs themselves not going into effect until April 5th and April 9th thus some investors will still think Trump is going to backtrack and hold, then many countries still haven't yet enforced their counter tariffs, so the stock market has a few more beatings to take!

Donald Trump's shake-up of the global trading system is hurting US assets more than those in many of the big economies he has just slapped with additional tariffs. "The narrative is moving from US exceptionalism to US alienation," said Kok Hoong Wong, head of institutional equities sales trading at Maybank Securities in Singapore.

"The aggravation of US growth concerns on the tariff news and related further falls in US stocks has meant that the dollar isn't enjoying its traditional safe-haven, reserve currency status support," said Ray Attrill, head of foreign-exchange strategy at National Australia Bank Ltd.

The announced tariffs increase the risk of "damage to consumer and business confidence" that could endure even if levies are eventually rolled back, Scott Chronert, head of US equity strategy for Citigroup, said in a note. The investment bank expects to cut its outlook for US stocks, he said.

US Emerges as Biggest Loser in Markets From Trump’s Tariffs - Bloomberg

Agriculture Secretary Brooke Rollins next to a ticker showing the Dow down 1,200 points: "We are really, really excited, and very grateful for President Trump's leadership."

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— Aaron Rupar (@atrupar.com) 3 April 2025 at 15:09

"U.S. exports will suffer."

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— Raw Story (@rawstory.com) 3 April 2025 at 21:55

I live in Grassley's state. These tariffs will ruin farmers. My employer sells seeds to farmers. We laid off a bunch of people on Wednesday.

cool

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— Dj (@djsoke.bsky.social) 3 April 2025 at 22:27

Donald Trump has committed the most profound, harmful and unnecessary economic error in the modern era. Almost everything he said—on history, economics and the technicalities of trade—was utterly deluded econ.st/3YbbFjq

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— The Economist (@economist.com) 3 April 2025 at 10:19

The US stock market is down almost 10% since President Donald Trump’s inauguration, marking the worst 10-week start under a new president since George W. Bush in 2001 during the height of the dot-com selloff

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— Bloomberg News (@bloomberg.com) 3 April 2025 at 16:55

REPORTER: The markets today are way down. The worst day in years. Because of the tariffs. So, how's it going?

TRUMP: I think it's going very well. It was an operation like when a patient gets operated on.

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— Aaron Rupar (@atrupar.com) 3 April 2025 at 19:52

Trump took one single question from a reporter outside the White House, then hopped in a helicopter to begin his trip to Florida for a golf tournament at his private club. I guess that's all we'll here from him today about wrecking the economy.

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— Aaron Rupar (@atrupar.com) 3 April 2025 at 19:56