European Union announced it is preparing countermeasures in response to U.S. President Donald Trump’s plan to double tariffs on steel and aluminum imports from 25% to 50%, effective June 4, 2025. The European Commission, led by spokesperson Olof Gill, emphasized ongoing negotiations to resolve the trade dispute, aiming to reduce or eliminate tariffs. The EU warned that if no agreement is reached by July 14, 2025, retaliatory measures could be implemented earlier if necessary. The U.S. is the world’s largest steel importer, with 26.2 million tons imported in 2024. The EU’s response follows Trump’s push for trade deals by July 9, 2025, amid legal uncertainties, as a U.S. court ruling on May 30, 2025, questioned the legality of some tariffs. The EU is prioritizing talks, with further discussions scheduled during the OECD Ministerial Council Meeting in Paris on June 3-4, 2025, to address the trade imbalance and secure market access.
34news.online
34news.online
