EU pledges strong response to US tariffs on steel and aluminum
The European Union has vowed to take firm action in response to the new US tariffs on steel and aluminum. Ursula von der Leyen, President of the European Commission, declared on Tuesday that these measures "will not go unanswered," emphasizing that the 27-member bloc will implement robust countermeasures to protect its economic interests.
"The EU will act to safeguard its workers, businesses, and consumers," von der Leyen stated, stressing that tariffs are detrimental to both businesses and consumers. She reaffirmed that the EU would respond with "firm and proportionate" actions.
In Germany, Chancellor Olaf Scholz echoed this stance, asserting that if necessary, the European Union would respond collectively. He warned that trade wars ultimately harm all parties involved. Similarly, EU Trade Commissioner Maros Sefcovic criticized the tariffs as an "economically counterproductive" measure that would increase costs for businesses and fuel inflation.
French officials also called for a unified and decisive reaction. The French Minister of Industry urged a strong European response, while President Emmanuel Macron highlighted that such tariffs would lead to higher prices for American consumers.
The US government announced on Monday its intention to impose a uniform 25% tariff on steel and aluminum imports, with no exceptions. The decision, aimed at supporting domestic industries, has raised concerns about the potential for a broader trade conflict.
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