Friday, 2 March 2018

EU warns of retaliation against any tariff on steel, aluminium by the US

Man of steel

The European Union's trade chief on Friday warned of possible retaliation if U. S. President Donald Trump's plans to impose hefty tariffs on imported steel and aluminium apply to Europe.

Trump said on Thursday the duties, 25 percent on steel imports and 10 percent on aluminium, would be formally announced next week, although White House officials later said some details still needed to be ironed out.

Speaking in Singapore, EU trade commissioner Cecilia Malmstrom said any move that would target Europe would be "deeply unfair".

"We are discussing different measures. Everything from bringing the case to the WTO (World Trade Organisation), alone or with partners who are also affected, and also safeguard measures and possible retaliation," Malmstrom said.

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