Bloc’s leaders also promise to protect EU interests after US president announces escalation in aggressive trade policy

Summary

The EU and its leaders warned of swift retaliation if Donald Trump enacts new 25% tariffs on steel and aluminum imports, as he announced over the weekend.

The European Commission criticized the move as “unjustified” and vowed to protect EU businesses.

German Chancellor Olaf Scholz and French President Emmanuel Macron pledged countermeasures, with Macron warning tariffs would also hurt the U.S.

The UK government said it was monitoring developments, while UK Steel called the potential tariffs “devastating.” The EU previously responded to Trump-era tariffs with retaliatory measures.

  • ByteJunk@lemmy.worldEnglish
    61·
    10 hours ago

    All lovely ideas, but if I own a small business, do I just close the doors when my source materials and energy start costing more than my finished product?

    • ubergeek@lemmy.todayEnglish
      7·
      7 hours ago

      You raise prices, and sell less. And let all customers know its the new Trump Tax they are paying.

    • TsarVul@lemmy.worldEnglish
      71·
      9 hours ago

      Increase the price of the product, prepare for less clients and weather the storm. We’re all eating a free market-sourced shit sandwich out here.