US Tariffs “lose lose scenario” – EU

The EU is currently assessing the scope of the recently announced US tariffs on steel and aluminium imports. And the bloc will “act to safeguard” its economic interests and will respond in a “firm and proportionate way” with countermeasures.

That’s according to the EU Trade Commissioner who was speaking in the European Parliament this morning. Maroš ŠEFČOVIČ said the EU “deeply” regrets the US decision to impose  twenty five percent (25%)  tariffs on all steel and aluminium imports into the US from March (12th).  

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