The president is set to announce details of his sweeping tariffs, as companies and global trading partners scramble to respond.
European officials are weighing deploying a tool called the anti-coercion instrument that would potentially target American tech and financial giants.
Service sectors make up the vast bulk of the American economy, which gives trading partners some clout in trade negotiations.
Not even America’s closest trading partners were spared by a policy broadside that spooked investors and left policymakers scrambling to formulate responses.