The European Union's executive branch condemned U.S. President Trump's newly imposed tariffs on steel and aluminum, asserting that they disrupt global markets and harm economic stability. The European Commission highlighted its role in negotiating trade relations and emphasized its commitment to protecting European businesses and consumers from unjustified tariffs. The EU, which benefits from relatively low tariffs, criticized the U.S. for escalating trade tensions, and as a response, plans to implement immediate actions to safeguard fair trade practices. They previously retaliated with countermeasures against similar tariffs during Trump's first term.
The European Commission reaffirmed its stance on protecting European entities against U.S. tariffs, emphasizing that tariffs disrupt global markets and raise consumer costs.
The EU's trade relations, with annual trade between the U.S. and EU reaching $1.5 trillion, could be jeopardized by Trump's increase in tariffs on steel and aluminum.
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