The European Union has vowed to retaliate against President Trump's proposed 25% tariffs on imported steel and aluminum, threatening to target American exports in a potential trade war. EU officials stressed that the tariffs are unjustified and economically harmful, emphasizing that they would harm both sides.
European Commission President Ursula von der Leyen addresses the audience at the Grand Palais during the Artificial Intelligence Action Summit in Paris, Tuesday, Feb. 11, 2025. . "Tariffs are taxes - bad for business, worse for consumers. Unjustified tariffs on the EU will not go unanswered—they will trigger firm and proportionate countermeasures. The EU will act to safeguard its economic interests. We will protect our workers, businesses and consumers.
The EU Commission, which negotiates trade relations on behalf of the 27-nation bloc, said it is not clear what countermeasures would apply, but officials and observers have said they would target Republican states and traditionally strong U.S. exports. President Donald Trump's call for an additional 25% tariff on all foreign steel and aluminum targets essential materials used in manufacturing cars, buildings, appliances and much more.said "The EU sees no justification for the imposition of tariffs on our exports. Economically counterproductive. A lose-lose scenario."
TRADE WAR TARIFFS STEEL ALUMINUM EU
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