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Trump Tariffs Take Effect as EU Announces Retaliation Measures
As of yesterday, the United States has enforced a 25% tariff on all steel and aluminum imports, with the European Union quickly responding by announcing plans to retaliate. The move is aimed at countering what they see as an unfair trade practice.
In a statement, European Commission President Ursula von der Leyen emphasized that such actions will have negative consequences for both sides of the Atlantic, stating that “we will always remain open to negotiation.” She also mentioned that it’s not in anyone’s interest to burden their economies with tariffs.
Source: https://www.cbsnews.com/news/trump-tariffs-25-percent-steel-aluminum-eu-retaliation/
