The EU has enormous economic clout as the biggest single market in the world, but does not want to risk a backlash.

Austrian Minister of Economy Wolfgang Hattmannsdorfer on Thursday urged the European Union to impose retaliatory tariffs on Republican states and technology companies. Vienna suggests that EU countries should respond similarly to the tariffs announced by U.

Economists tell Euronews Trump's rates are not in any way based on the tariffs imposed by the US' trading partners and therefore cannot be considered an equal measure. View on euronews