President Donald Trump speaks to supporters during a march in the United States’ solid business on May 30, 2025 in West Miflin, Pennsylvania.
Jeff Swinsen Gety pictures
the European Union Saturday criticized the president Donald Trump Go to Double tariffs on steel importsWarning that he “undermines” efforts to reach a “negotiable solution” in the ongoing trade war.
A European Union spokesman said in a statement to NBC News: “We are very regretted for the declared increase in the US tariff for steel imports from 25 % to 50 %,” a European Union spokesman said in a statement to the NBC News.
“This decision adds more uncertainty to the global economy and increases the costs of consumers and companies on both sides of the Atlantic Ocean.”
The spokesman added that the European Union “is ready to impose counter -measures, including in response to the increase in the recent US tariff.”
The United Solid Workers Union (USW) criticized the Trump advertisement and said it was a “direct attack on Canadian industries and workers.”
Marti Warren, National Country Agency Director of Canada, said, said statement.
“Canada needs to respond immediately and is sharp to defend workers.”
Trump announced on Friday that he had planned Double definitions On steel imports to 50 % of 25 %, and increase pressure on manufacturers that depend on industrial minerals for production.
New import duties have been set Go into effect June 4.
His announcement, which was made in a march in the United States Steel in Pennsylvania, came after the president indicated earlier this month that he would agree to a controversial deal between Nippon steel and Steel USA.
Trump highlighted a “agreement” between Nippon and the United States during the Friday gathering, but said that the deal was not final yet.
He said that there will be no good hairstyles and “no outbreak to anything” because of the deal.
The European Union, which said that She stopped her counter measures Against the United States on April 14 to “provide time and space” for negotiations, she said it was ready to enter these measures “if an acceptable solution to the two parties is not reached.
“The European Commission ends the consultations on expanded counter measures,” the spokesman said. “If a mutual acceptable solution is not reached, then both the current and additional European Union measures will be automatically valid on July 14 – or before, if the conditions are required.”
The Trump administration’s tariff plan struck this week after the US International Trade Court stopped Almost all of the country Trump Definitions on the basis that it exceeded its authority.
The court order was stopped to cancel the definitions quickly, at least at the present time, By the Court of Appeal.
Although temporarily stopped, the referee threw a key to the broader trade strategy, which relies on threatening high definitions to create a financial lever and force countries to re -negotiate their commercial deals with the United States
https://image.cnbcfm.com/api/v1/image/108152882-1748642983996-gettyimages-2217152580-TRUMP_USSteel.jpeg?v=1748643041&w=1920&h=1080
Source link