Trump tariffs are 'pure madness' and the European Union should not comply, former Italian PM says
1. Trump's tariffs on EU imports are seen as severe and irrational. 2. European retaliation could harm both EU and U.S. economies significantly. 3. Deutsche Bank predicts euro-area GDP could drop by 0.4-0.8 percentage points. 4. EU leaders call for united action against U.S. tariffs and potential countermeasures. 5. Economic pressures may lead to pricing strategies that impact EU exports.