Tags: APFN | EU | Europe | US | Steel

EU Weighs Retaliatory Measures as US Eyes Steel Tariffs

Monday, 26 June 2017 08:38 AM EDT

BRUSSELS (AP) — The European Union's top trade official says the bloc is preparing retaliatory measures in case the United States goes ahead with plans to impose steel tariffs on imports.

EU Trade Commissioner Cecilia Malmstroem said the bloc was "making preparations" to retaliate in the event the U.S. introduces new tariffs.

Malmstroem said Monday that the EU would study any action by Washington to see whether the move complies with the rules of the World Trade Association, the body that oversees global trade.

She added that the indications are that the EU "would be unjustifiably hit."

One reason why Donald Trump became president was his promise to revive American steel. That helped him win states like Pennsylvania.

© Copyright 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


Europe
The European Union's top trade official says the bloc is preparing retaliatory measures in case the United States goes ahead with plans to impose steel tariffs on imports.EU Trade Commissioner Cecilia Malmstroem said the bloc was "making preparations" to retaliate in the...
APFN,EU,Europe,US,Steel
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2017-38-26
Monday, 26 June 2017 08:38 AM
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