Part 6/7:
In addition to the discussions surrounding Ukraine, the Munich Security Conference also spotlighted escalating trade tensions between the U.S. and the EU. European Commission President Ursula von der Leyen has warned that if the Trump Administration imposes tariffs on the EU, they are prepared to respond with reciprocal measures, highlighting the potential for a trade war. Such a conflict could have severe consequences for the global economy, as both entities represent substantial economic forces.