BlockBeats News, April 7, Monday: EU ministers widely agreed that the EU should prioritize negotiating with Trump to lift tariffs rather than seeking retaliation, although the EU is preparing the first set of targeted countermeasures. Trade ministers met in Luxembourg to discuss the EU's response, with many stating that the EU's primary goal is to initiate negotiations with the United States to avoid a full-blown trade war. "We need to stay calm and respond in a way that eases the situation. The current stock market shows what would happen if we escalate immediately. But if necessary, we will be prepared to take countermeasures to bring the Americans to the negotiating table," said Dutch Trade Minister Reinette Klever. However, negotiations with Washington have been challenging so far. (FXStreet)
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