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EU strikes back against US steel and aluminium tariffs with retaliatory package

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European Commission president Ursula von der Leyen announced a response to new US tariffs on steel and aluminium imports, unveiling a package of countermeasures aimed at US exports. View on euronews
The European Union has retaliated against the United States' steel and aluminum tariffs by implementing a countermeasure package. This response comes after the U.S. imposed tariffs under the guise of national security, which the EU and others argue are protectionist measures. The EU's retaliatory actions include imposing tariffs on a range of U.S. products such as Harley-Davidson motorcycles, bourbon whiskey, and orange juice, aiming to exert pressure on the U.S. to reconsider its trade policies. This move is part of a broader trade dispute that has seen the World Trade Organization (WTO) authorize the EU's counter-tariffs, escalating tensions between the two economic powers. The EU's strategy is to protect its industries and maintain a level playing field in global trade, amidst ongoing negotiations and discussions at international trade forums.

Read the Full Euronews Article at:
[ https://www.msn.com/en-nz/politics/government/eu-strikes-back-against-us-steel-and-aluminium-tariffs-with-retaliatory-package/ar-AA1AK9Ik ]