EU Prepares Retaliatory Tariffs Over US Steel Duties

Post Views: 395 EU US steel tariffs EU Pushes Back Against US Steel Tariffs The European Union has signaled a firm stance on rising US trade barriers. On June 2, the European Commission voiced deep regret over the US move to double steel and aluminum tariffs from 25% to 50%. In response, the EU is preparing a fresh round of retaliatory tariffs that could target up to €95 billion in US goods. The move comes amid heightened trade tensions sparked by former President Donald Trump’s tariff threats. He announced the increase at a US Steel plant, claiming the measure would shield American producers ...