Ursula von der Leyen, the European Union chief, emphasized the union's commitment to countering recent U.S. tariffs on steel and aluminum imposed by President Trump. She declared that the EU would take firm and proportional countermeasures to protect its economic interests, highlighting the negative impacts of tariffs on both businesses and consumers. German Chancellor Olaf Scholz echoed these sentiments, warning that trade wars can harm prosperity on both sides. The potential countermeasures could target key U.S. exports, continuing a cycle of trade retaliations seen previously.
The EU will act to safeguard its economic interests, von der Leyen said in a statement in reaction to U.S. President Donald Trump's imposition of tariffs on steel and aluminum the previous day.
Tariffs are taxes - bad for business, worse for consumers... Unjustified tariffs on the EU will not go unanswered - they will trigger firm and proportionate countermeasures.
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