EU Threatens Countermeasures After Trump’s Steel Tariff Hike
President Trump doubled steel import tariffs to 50%, prompting immediate condemnation from the European Union, which threatened retaliatory measures unless a negotiated solution is found by July 14. The EU cited increased costs for consumers and businesses, while the United Steelworkers union criticized the impact on Canadian jobs. Trump, announcing the tariff increase at a U.S. Steel rally, claimed a pending deal with Nippon Steel would prevent job losses, though the deal remains unfinalized. This action follows a recent court ruling that temporarily halted many of Trump’s country-specific tariffs.
John Q. Hosedrinker