European Union Chief Ursula From The Leyen Said the Bloc Will Respond to Any Taiffs The Us Might Impose on IT.
“I Deeply Regret the Us Decision to Impose Taiffs on European Steel and Aluminum Exports,” by the Leyen Said in a declaration on Tuesday.
“Unjustified Taiffs on the EU will not go unchanged – they trigger firm and proportionate Countermeasures,” She Created, together with “EU Will Act to Safeguard Its Iconomic Interests. WE Will Protect Our Workers, Businesses and Consumers. ”
The EU Response Comes After Us President Donald Trump Ordered A 25% Tariff on Foreign Steel and Aluminum Imports That Is Set To Take Effect in March.
The Tariffs Desires Apply to Imports from Canada and Mexico, Countries that Are Top Suppliers of Metals to the Us.
The Trump Administration is Hoping the Levies Will Give Local Producers Relief from Intense Global Competition, Allowing Them Thast Charge Higher Prices.
The European Commission, The Executive Arm of the EU, Said in an announcement that Imposition of Tariffs would definitely be “Unlawful and Economically Counterproductive” Given the Deepply Integrated Production Chains Between the EU and Us.
“By Imposing Taiffs, The Us would be Taxing Its Own Citizens, Raising Costs for Business, and Fuuel Inflation,” The Statement Said
