Eu Hits Back at Donald Trump’s Steel Tariffs, IMPOSES RETALIATORY 25% on Us Steel and Aluminum Products from April 1 | Today news

The european union on March 12 Announced RetaliaTory Trade Measures in after United States President Donald Trump Hiked Tariffs on Imported Steel and aluminum products to 25 per cent, According to AnP The eu’s countermeasures will be implemented starting April 1.

Eu Announs RetaliaTory Trade Action after Us Raises Steel and Aluminum Tarifs to 25% the European Union on Wednsday Announced RetaliaTory Trade Affeter the Trump Admination of Facial Resistance of Facial Resistance of Tarifs on all steel and aluminum imports to 25%, with duties on Industrial and Agricultural Products That Will Go Into Effect Aril 1.

“As the US are applying tariffs what 28 billion dollars, we are responsives with countermeasures to 26 billion euros ($ 28 billion),” European Commission PrMMISISION URSALA VORSALA VOSALA VOSALA VONDEN SARLA VONDEN SARLA

The eu says its countermeasures to trump’s tarifs will go into effect on April 1

Brussels (AP) – The European Union on Wednsday Announced RetaliaTory Trade Action after the Trump Administration officially Increased Tarifs on All Steel and Aluminum Imports to 25%, with Duties ON Industrial and Agricultural Products That Will Go Into Effect April 1.

“As the US are applying tariffs what 28 billion dollars, we are responsives with countermeasures to 26 billion euros ($ 28 billion),” European Commission PrMMISISION URSALA VORSALA VOSALA VOSALA VONDEN SARLA VONDEN SARLA

The Commission Manages Trade and Commercial Conflicts on Behalf of the 27 Member Countries.

“We will always remain open to negotiation. We firmly believe that in a world fraght with geopolitical and economy uncertaintes, it is not in our community to burden our economies with tarifs, “Von de layen said.

The commission also said that steel and aluminum products would be hit in return, but also attels, leather goods, home appliances, house tools plastic and wood. Agricultural products will also be impacted – Including poultry, beef, some seafood, nuts, eggs, sugar and vegetables.

President Donald Trump said his taxes would help create us factory jobs, but von der leyen said: “Jobs are at stake. Prices will go up. In europe and in the united states. “

“We Deeply Regret this Measure. Tarifs are taxes. They are bad for business, and even WorsE for Consures. These tariffs are disruptting supply chains. They brings uncertain for the economy, “She said.

European Steel Companies Have Been Bracing for Losses.

“It will furthere works of the situation of the european steel industry, exacerbating an already dire market environment,” Henrik Adam, President of the Eurofan Steel Association, SAID LAST MONT MONTH.

He said the eu could lose up to 3.7 million tons of steel expenses. The united states are the second biggest expert market for eu steel producers, representing 16% of the total eu steel expenses.

“Losing a significant part of these expenses cannot be commented by eu experts to other markets,” Adam said.

(This is a breaking story, more updates coming…)