World News@lemmy.worldEnglish · 22 hours ago

EU says it will retaliate immediately if Trump imposes new tariffs

www.theguardian.com

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EU says it will retaliate immediately if Trump imposes new tariffs

www.theguardian.com

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World News@lemmy.worldEnglish · 22 hours ago

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.

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

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