 Brussels: The European Union has approved its first response to US tariffs on European steel and aluminum. This move follows the United States imposing a 25% duty on EU metal exports.
EU member states agreed to act after considering the economic damage caused by the US decision.
The European Commission stated the tariffs were unfair and harmful to both economies.
The EU favors dialogue but is now taking defensive trade action.
Measured Action
The Commission emphasized that these duties could be lifted with a fair US agreement.
EU officials said they are still willing to negotiate balanced outcomes with the US.
They described the US action as unjustified and harmful to global economic stability.
The new EU tariffs will begin on April 15, targeting select US imports.
Negotiation Option
Brussels remains open to resolving the issue through talks rather than ongoing retaliation.
The Commission said duties will stop if a fair solution is found.
Officials stressed that cooperation is still possible despite growing tensions.
They want outcomes that benefit both the EU and the United States.
However, they insist on fairness and balance in any future agreement.
Economic Impact
EU leaders warn the tariffs could cause financial strain on both continents.
They also say the conflict harms the broader global trading environment.
European producers are bracing for continued disruption if talks don’t progress.
Markets are reacting cautiously to the EU’s announcement of countermeasures.
Business groups have urged both sides to resume diplomatic discussions.
Official Statement
The European Commission released a written statement on the approved measures.
It repeated the EU’s preference for negotiation rather than escalation.
Officials made it clear they don’t seek confrontation but will protect EU interests.
They blamed the US tariffs for forcing this necessary response.
Further details about the targeted US products remain under review.
