European Commission President Ursula von der Leyen said as the United States is “applying tariffs worth 28 billion dollars, we are responding with countermeasures worth 26 billion euros,” or about $28 billion.

As President Trump’s global tariffs against steel and aluminum took effect, the European Union said it would impose up to $28 billion in levies on U.S. goods. The latest escalations added to the trade turmoil unsettling the world economy.

By Andrea Shalal, David Lawder and Jarrett Renshaw WASHINGTON (Reuters) -Donald Trump threatened on Wednesday to escalate a global trade war with further tariffs on European Union goods, as major U.S.