The EU could hit Wall Street where it hurts with its tariff response — the tech giants [MSNBC.com]
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Source: MSNBC.com
The entrance to one of the Google buildings in the 'Silicon Docks' area in central Dublin, Ireland, on Tuesday, Nov. 29, 2022.Bloomberg | Bloomberg | Getty ImagesThe European Union says it is keeping all options open if it fails to negotiate its way out of U.S. President Donald Trump's hefty 20% blanket tariffs — and that could include going after mighty Big Tech.Ahead of the tariff announcement on Wednesday — which hasstunned global marketsscope and scale"This strength is also built on our readiness to take firm countermeasures. All instruments are on the table," Von der Leyen said Tuesday, a sentiment shereiterated on ThursdayAs a bloc, the EU is the U.S.'s biggest trading partner across goods, services and investment, and trade between the pair isroughly balanced when accounting for both goods and servicesBut in calculating its so-called "retaliatory tariffs," the U.S. administration appears to have controversiallylooked only at countries' trade deficitFor the EU, that meant a tari
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