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Trump’s steel rates could trigger a broader commercial warfare since the EU threats with “proportional countermeasures”


Ursula von der Leyen (CDU, R), president of the European Commission, is located in the Plenary Chamber of the European Parliament.

Philipp von ditfurth | Image Alliance | Getty images

The European Union plans to retaliate against the United States for new steel and aluminum rates.

“Unjustified tariff statement Monday night.

The statement occurs after the president of the United States, Donald Trump, signed an executive order for impose 25% tariffs on steel and aluminum. The actions of American steel manufacturers recovered abruptly on Monday after order.

Tariffs are effectively a tax paid to import a good to a country. The last tariffs could increase the price of foreign steel and, therefore, help support the United States steel producers.

Trump has adopted an aggressive approach with tariffs at the beginning of his second mandate in the White House. He has already ordered and then delayed broad tariffs in Canada and Mexico.

Reuters He has reported that Von der Leyen is scheduled to meet with the vice president of the United States, JD Vance, Tuesday.



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