Reported 2 days ago
The European Commission has expressed strong regret over President Trump's decision to double tariffs on imported steel and aluminum from 25% to 50%, anticipating potential retaliatory measures. This escalation threatens to exacerbate a global trade conflict, with the EU indicating preparedness to enforce countermeasures if negotiations do not yield a solution by July 14. The tariff hike has drawn criticism from partners including Canada and Australia, highlighting concerns over its impact on cross-border supply chains and global economic stability.
Source: YAHOO