the-eu-promises-to-respond-to-trumps-new-steel-tariffs-if-they-are-introduced-what-is-known

The EU promises to respond to Trump's new steel tariffs if they are introduced: what is known

 • 23567 переглядiв

The European Commission said on Monday that it would react to protect the EU's interests after US President Donald Trump announced future duties on metals, but said it would not respond until it received clarification on the measures, UNN reports citing a European Commission statement.

Details

Trump said on Sunday that he would impose new 25% tariffs on all steel and aluminum imports to the US, another major step in his trade policy overhaul.

Trump to announce new 25% tariffs on steel and aluminum on Monday - Reuters10.02.25, 03:53 • [views_70122]

The European Commission has stated that it has not received any official notification of additional duties on EU goods.

At this stage, we have not received any official notification regarding the introduction of additional duties on EU goods. We will not respond to general statements without details or written explanations. The EU sees no justification for imposing duties on its exports. We will respond to protect the interests of European businesses, workers and consumers from unjustified measures

- the European Commission said in a statement.

AddendumAddendum

If confirmed, Trump's move, according to Reuters, would be a repeat of his actions during his first term, when he imposed 25% tariffs on steel from many countries and 10% tariffs on aluminum. For the EU, this covered 6.4 billion euros ($6.6 billion) in exports.

In response, the EU imposed duties on 2.8 billion euros worth of American goods in 2018, including bourbon and Harley Davidson motorcycles. It planned to add another €3.6 billion worth of US goods over three years.

At the time, Joe Biden was the US president, and both sides agreed to suspend US tariffs and EU countermeasures, the former by the end of this year, the latter by March 31.

The United States' suspension of duties amounted to a quota of 3.3 million metric tons of steel and 384,000 tons of aluminum from EU producers, based on historical averages.

EU diplomats have said it would be wiser to re-apply countermeasures if Trump continues to impose import duties.

Popular
Renaming "kopiika" to "shah": Rada supported the law in the first reading

 • 20637 переглядiв

Tesla shares set new price record

 • 12445 переглядiв

Britain completes troop training for peacekeeping mission in Ukraine

 • 15333 переглядiв

Meta's AI glasses will amplify the interlocutor's voice

 • 39609 переглядiв

News by theme
The Armed Forces of Ukraine have updated the basic military training program

 • 28121 переглядiв

“It will not happen in the near future": Scholz on Ukraine's accession to NATO

 • 22481 переглядiв

Several psychological disorders have the same cause - research

 • 24109 переглядiв

EIB President arrives in Kyiv

 • 28684 переглядiв

Fighting continues in the vicinity of Velyka Novosilka - OSGT “Khortytsia”

 • 25993 переглядiв