The European Union is preparing further countermeasures against U.S. tariffs if negotiations fail, according to European Commission President Ursula von der Leyen.

President Donald Trump had imposed 20% tariffs on the bloc on Wednesday.

Speaking on a livestreamed broadcast, von der Leyen said that Trump’s move was a “major blow” to the world economy.

“There seems to be no order in the disorder, no clear path to the complexity and chaos that is being created as all U.S. trading partners…