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The EU says they will retaliate against our tariffs on European steel and aluminum exports with “Scene Firm and Proportial Countermezers”, as Brussels officials rush to avoid trade war with Washington.
“The EU will work to protect its economic interests. We will protect our workers, businesses and consumers, “European Commission president Ursula von der Leon said on Tuesday.
US President Donald Trump has announced that 25 percent All steel and tariff on importing aluminum Will be in effect on March 4.
EU member states have already approved the tariff of up to $ 4.8 billion in US imports up to $ 4.8 billion and can take a final vote quickly to impose them. Products include Borban Whiskey, Harley-Devidson motorcycle, motorboat and some steel and aluminum.
Von Deer Lane will meet with the US Vice-President JD Vans in Paris to discuss the issue and the Commission convened a meeting of the trade ministers on Wednesday afternoon.
EU Trade Commissioner Maro š Favovio told the European Parliament that the block was aimed at negotiating. “We are committed to constructive dialogue. We stand ready to discuss and find mutual beneficial solutions wherever possible.
“There is a lot of risk for both sides. We want to work on it, at least not because it simply refers to. “
He added: “The EU has not seen any justification for imposing tariffs on our export, which is economically preventive. Particularly we provide deep integrated manufacturing chains established through our broad transitlatlant trade and investment relationships.
“Take duty; Bad for business, [and] Bad for customers. “
Whiskey was the first to pay for Led to the response of metallic tariffs Imposed by Trump in his first term as president. The dispute under former President Joe Biden was a frost but not resolved.
They will be automatically effective at the end of March, unless the majority of the EU countries do not agree to do so quickly.
Brussels can also widen the revenge, but Von deer lane emphasized that any response would be “proportional”.
The EU The steel industry is already shrinking, the lowest-level hit in 2021. The tariff of about 1.7 million tonnes of export in a year will strictly hit it, the industrial agency Euroofer Director General Axel Egart says.
“The last ton is the most profitable ton because we have so many prescribed expenses,” he said.
He said that steel that has been removed from the US market from elsewhere in the world can also be exported to Europe, a more disappointing price, he said.
