A recent survey across seven European countries reveals overwhelming backing for retaliatory tariffs against the United States, should President Donald Trump proceed with his proposed "Liberation Day" levies on imports. The anticipated tariffs, expected to vary by country and sector, could significantly impact European economies, particularly industries reliant on US markets.

Key findings from the YouGov poll conducted in Denmark, France, Germany, Italy, Spain, Sweden, and the UK indicate robust support for retaliatory measures. Respondents expressed varying degrees of concern over the potential economic repercussions of Trump's tariffs, with significant percentages expecting adverse effects on national and regional economies.

In Germany and France, home to major automotive and luxury goods sectors respectively, a substantial majority of respondents favor retaliatory tariffs despite the potential harm to their economies. German automakers like Porsche and BMW face looming threats to their profits, while French exports of wines and spirits to the US, valued at nearly €4 billion annually, could be severely impacted.

The European Union has pledged a decisive response to counteract any US tariffs, emphasizing readiness to defend its economic interests. Global markets reacted with volatility as anticipation of tariff implementation shook investor confidence and triggered currency fluctuations.

Trump's protectionist stance, aimed at addressing perceived trade imbalances, has garnered mixed reactions across Europe. While a plurality or majority in most surveyed countries disagreed with his assertions of unfair trade practices by the EU, concerns over the broader economic implications of US tariffs remain prevalent.

As tensions escalate between the US and its European allies, the survey underscores a unified European sentiment favoring measured retaliation in response to potential tariffs, highlighting the complex dynamics shaping transatlantic trade relations amidst geopolitical uncertainties.