The European Union (EU) has introduced it can impose retaliatory tariffs on the US after Donald Trump stepped up his world commerce warfare.
The European Fee, the bloc’s government arm, stated it can impose “countermeasures” after US levies on metal and aluminium got here into drive right this moment.
The EU’s response to the Trump administration’s 25pc tariffs will have an effect on €26bn (£21.9bn) of US items from April 1.
The bloc’s tariffs will impression not simply US metal and aluminium merchandise, but in addition textiles, residence home equipment and agricultural items.
European Fee chief Ursula von der Leyen stated: “We deeply remorse this measure.
“Tariffs are taxes. They’re dangerous for enterprise, and even worse for customers.
“These tariffs are disrupting provide chains. They create uncertainty for the financial system.”
She added: “We are going to all the time stay open to negotiation. We firmly imagine that in a world fraught with geopolitical and financial uncertainties, it’s not in our frequent curiosity to burden our economies with tariffs.”
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