EU Plans Response to US Steel, Aluminium Tariffs
EU Plans Response to US Steel, Aluminium Tariffs

EU Plans Response to US Steel, Aluminium Tariffs

News summary

The European Commission has responded to US President Donald Trump's announcement of impending tariffs on steel and aluminum imports, stating that there is 'no justification' for such measures. The EU has not yet received official notification regarding these tariffs and emphasized it would not react to broad announcements lacking detailed clarification. The Commission warned that imposing tariffs would be economically counterproductive, essentially acting as a tax on American consumers and businesses, raising costs and fueling inflation. French officials have indicated readiness for retaliatory tariffs if the US proceeds, underscoring the EU's commitment to protecting its economic interests. The EU is also open to negotiations to avoid escalating the trade dispute, while preparing to impose countermeasures if necessary. The situation remains fluid as both sides navigate this potential trade conflict.

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