Employment insurance coverage, and manufacturing relocation costs—all of which could become focal points for financial consultants and commercial risk analysts working across continents.
At the time, European Commission President Ursula Von der Leyen said that Europe was ‘open to negotiations’ to try to find a satisfying middle ground.
“We will approach these negotiations from a position of strength. Europe holds a lot of cards, from trade to technology to the size of our market,” she said.
“But this strength is also built on our readiness to take firm countermeasures if necessary. All instruments are on the table.”
Such rhetoric signals the potential for legal countermeasures, international arbitration, and possibly the involvement of corporate litigation insurance carriers.
As both regions brace for an economic clash. The European Commission is yet to respond to the latest announcement.
