The European Union has responded to the recent imposition of US tariffs on steel and aluminum with its own countermeasures, announcing tariffs on $28.4 billion of US goods. The European Commission criticized the US tariffs as unjustified and detrimental to trade, arguing that they would increase prices and disrupt supply chains. They emphasized a willingness to pursue negotiations with the US to resolve the issue amicably, highlighting potential job losses and economic uncertainty for businesses on both sides of the Atlantic.
"The Commission regrets the US decision to impose such tariffs, considering them unjustified, disruptive to transatlantic trade, and harmful to businesses and consumers, often resulting in higher prices."
"Tariffs are taxes. They are bad for business, and even worse for consumers. These tariffs are disrupting supply chains. They bring uncertainty for the economy."
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