EU Readies Trump Tariff Plan, SoftBank Seeks Record $16.5B Loan | The Opening Trade 04/01

The European Union said it will use a broad range of options to retaliate against the US if President Donald Trump follows through on his threat to impose so-called reciprocal tariffs on the bloc this week. “We do not necessarily want to retaliate,” European Commission President Ursula von der Leyen said on Tuesday. “If necessary we have a strong plan to retaliate and will use it.”

SoftBank is seeking a loan of as much as $16.5 billion to help fund artificial intelligence investments in the US, people familiar with the matter said, in what would be its largest-ever borrowing denominated solely in dollars.

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