US Commerce Secretary Howard Lutnick Warns EU on Tariffs, Says It Could Spiral Into ‘Tit-for-Tat’ Fight

Lutnick warned that if EU allies choose to retaliate, “then we’ll be back to tit-for-tat” tariff escalation. “If we’re going to have a kerfuffle, so be it. But we know where it’s going to end. It’s going to end in a reasonable manner,” he added, expressing confidence that the current friction would mirror earlier tariff disputes followed by negotiations.