Europe hits back at Trump's new aluminum and steel tariffs

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Europe hits back at Trump's new aluminum and steel tariffs

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Europe hits back at Trump's new aluminum and steel tariffs

//business-finance.news-articles.net/content/202 .. k-at-trump-s-new-aluminum-and-steel-tariffs.html

Published in Business and Finance on Wednesday, March 12th 2025 at 4:41 GMT by Insider
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The European Union announced tariffs on 26 billion euros, or $28.4 billion, worth of US goods in response to new American duties on steel and aluminum. The European Commission introduced the "swift and proportionate" countermeasures in a statement on Wednesday.

173x130/8181 Bytes

The article from MSN discusses the European Union's response to the new U.S. tariffs on aluminum and steel, which were reimposed by former President Donald Trump. The EU has criticized these tariffs as protectionist and has vowed to retaliate with its own measures. The European Commission has already outlined plans to impose counter-tariffs on a range of U.S. products, including agricultural goods, in response to what they perceive as unjustified trade barriers. This escalation in trade tensions comes at a time when global economic recovery is still underway, potentially complicating international trade relations further. The EU's actions are part of a broader strategy to defend its interests and maintain a level playing field in global trade, highlighting the ongoing friction between the U.S. and its trading partners over trade policies.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/markets/europe-hits-back-at-trump-s-new-aluminum-and-steel-tariffs/ar-AA1AJYo5 ]