The European Union has announced a series of countermeasures totaling €26 billion in response to Donald Trump's tariffs on steel and aluminium. The tariffs, which impose a 25% levy on imports, were described as unjustified by European Commission chief Ursula von der Leyen. While the EU aims to protect its consumers and businesses, the UK has chosen not to enact counter-tariffs, focusing instead on a measured approach. Concerns from the steel industry reflect the timing of these tariffs amidst challenging economic conditions, as both US and EU measures could further destabilize the market.
The European Union is retaliating against Trump's tariffs on steel and aluminium by launching €26 billion of countermeasures, viewing the tariffs as unjustified trade restrictions.
Ursula von der Leyen emphasized that the EU's response is necessary to protect consumers and businesses amid escalating global trade tensions.
Collection
[
|
...
]