EU vows ‘firm and proportionate countermeasures’ against latest Trump tariffs – Europe live

EU vows ‘firm and proportionate countermeasures’ against latest Trump tariffs – Europe live
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EU vows ‘firm and proportionate countermeasures’ against latest Trump tariffs – Europe live
Author: Jakub Krupa
Published: Feb, 11 2025 08:21

Summary at a Glance

EU vows ‘firm and proportionate countermeasures’ against latest Trump tariffs – Europe live European Commission president Ursula von der Leyen has just responded to US tariffs on aluminium and steel announced overnight, saying the bloc will respond with “firm and proportionate countermeasures.".

EU trade commissioner Maroš Šefčovič has also just been speaking about US tariffs in the European Parliament, calling them “economically counterproductive,” “bad for businesses, worse for consumers,” and “raising costs for [US] businesses and fueling inflation.”.

Overnight, the President of the United States signed a proclamation imposing 25% tariffs on all steel and aluminium imports into the US as from 12 March; he has also announced reciprocal tariffs on other products coming this week.

Tariffs are taxes: bad for businesses, worse for consumers, and by imposing tariffs, the US will be taxing its own citizens, raising costs for its own businesses and fueling inflation.

US president Donald Trump has overnight confirmed his plan to impose tariffs on all aluminium and steel imports from everywhere in the world, including Europe.

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