EU-US Tech Tensions Spike: 'Liberation Day 2.0' Looms, Promising Devs Another Round of Cross-Pond Compliance Hell

Tensions between the European Union and the United States are escalating, sparking concerns of a potential trade war. The EU has imposed tariffs on approximately $4 billion worth of US goods, in response to the US tariffs on European steel and aluminum. This move is seen as a retaliation to the US decision to impose a 25% tariff on European steel and a 10% tariff on aluminum in 2018. The ongoing trade dispute has significant implications for the global economy, with potential consequences for industries such as aerospace, automotive, and agriculture. The EU's trade commissioner, Valdis Dombrovskis, has stated that the bloc will continue to defend its interests and respond to any further US trade restrictions. The situation is being closely monitored by industry leaders and economists, who warn of a potential Liberation Day 2.0, referring to the significant economic disruption caused by the US tariffs imposed in 2018.