President Trump's recently imposed tariffs on steel and aluminum imports have sparked immediate retaliation from the EU, which plans counter tariffs on billions of euros of US goods. While the Trump administration aims to boost domestic production and create jobs, critics argue that these tariffs could lead to higher consumer prices and economic downturns. The EU's response includes introducing tariffs on 26 billion euros of US products, emphasizing the negative impact on jobs and supply chains. Meanwhile, US steelmakers have expressed support for the tariffs as a means to enhance the integrity of trade practices.
"They are disrupting supply chains. They bring uncertainty for the economy. Jobs are at stake, prices up, nobody needs that, on both sides, neither in the EU or the US."
"AISI applauds the president's actions to restore the integrity of the tariffs on steel and implement a robust and reinvigorated program to address unfair trading practices."
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