The European Commission, the European Union Executive Branch said in a statement that it would proceed with “Swift and Proportional” measures.
Following the announcement of the European Union, the US administration imposed 25% tariffs on steel and aluminum imports in large -scale growth of trade war between two prolonged colleagues.
For Europe, the new tariff of the same duties imposed during Trump’s first term would be about four times, when the US targeted about $ 7 billion of exports of blocks, citing national security concerns.
In addition, Trump has announced a mutual tariff based on the policies of partners coming in early April, which is seen as obstacles in American trade, including the values ââof Europe, and some items including European cars.
The European Union’s trade head, Maros Sephakovic, visited Washington last month, trying to find a cordial solution with senior members of the Trump team, including the US Commerce Secretary Howard Lutnik. He offered to reduce tariffs on industrial items including cars, one of Trump’s long -term demands, and enhanced American imports of liquidized natural gas and defense goods.
“The US administration does not look attractive to make a deal.” “As the US is looking at its interests, the European Union is,” he said, saying that the block always protects European businesses, workers and consumers from unfair tariffs because we know that they expect not to be less than us. “
Brussels had earlier stated that it would proceed rapidly and proportional to any US and has been working on various lists of goods to hit for months, including politically sensitive products from some American constituencies that will instigate more economic pain from the US than in the European economy.
In the European Steel Market, producers are working for two -fold impact, set to fall into the US with European exports, and metal imports are set to grow as a metal, which is far from the US.
A spokesman from the industry lobby group Eurofer said, “We can really expect the European Union market – already saturated with cheap steel imports from Asia, North Africa and Middle East – has been redirected due to new tariffs to move as a steel for the US market.”
The spokesperson said that during the first Trump Presidency, two tons moved to the European Union, due to the tariffs defined from the US market for every three tons of steel.
Aluminum manufacturers are also working to increase imports, especially from Canada, which usually supplies more than half of aluminum that the American imports. On Tuesday, Trump announced that it would double the levy on Canadian steel and aluminum imports up to 50%.
For the European Union, the fight on tariffs of American metals began during Trump’s first term in 2018, when the US exported steel and aluminum with duties, citing national security concerns. At that time, Brussels officials noted the notion that the European Union posed such a threat.
The 27-nation block took vengeance by targeting politically sensitive companies with anti-Devidson Inc., motorcycles and levy Strauss and Company Jeans.
Both sides agreed to a temporary Trus in 2021, when the US partially removed its measures and introduced a set of tariff-rate quota above, above which duties are applied on metals, while the European Union leaves all its restrictive measures.
At the end of March, the European Union tariffs on about $ 3 billion US products have been suspended, set to snap back. Procedurally, the European Union can quickly fulfill those duties.
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