New Delhi, April 12 -- Carnegie Europe Director Rosa Balfour said that the European Union has the tools to respond to the trade war and has been preparing the tool box for several months. She said that Europe could reach out to other nations if there was a trade war between the US and China.

During the panel discussion "Tariffied World: T minus" at the Global Tech Summit on Saturday, Balfour said that Europe is accelerating talks with India and has also started talks with several nations, including Asia, Malaysia, the Philippines, and the UAE. She stated that Europe is making a lot of effort to find other sources of trade agreements.

On how she sees Europe reacting to tariffs imposed by the US, Balfour said, "With a certain amounts of c...