EU says it would react to US steel tariffs, awaits details
10 Feb 2025, 04:13 pmUpdated - 05:31 pm
main news image

BRUSSELS (Feb 10): The European Commission said on Monday it would react to protect EU interests after US President Donald Trump's announcement of impending metals tariffs, but said it would not respond until it had clarification of the measures.

Trump said on Sunday that he would introduce new 25% tariffs on all steel and aluminium imports into the US, in another major escalation of his trade policy overhaul.

The Commission said it had not received any official notification regarding additional tariffs on EU goods and would not respond to "broad announcements" without details or written clarification.

"The EU sees no justification for the imposition of tariffs on its exports. We will react to protect the interests of European businesses, workers and consumers from unjustified measures," the Commission said in a statement.

Trump's move, if confirmed, would mirror his action in his first term, when he imposed 25% tariffs on steel from many countries and 10% tariffs on aluminium. For the EU that covered €6.4 billion (US$6.6 billion or RM29.56 billion) worth of exports.

The EU responded in 2018 with an initial set of tariffs on €2.8 billion worth of US goods, including bourbon and Harley Davidson motorcycles. It planned to add a further €3.6 billion of US goods after three years.

By then, Joe Biden was US president and the two sides agreed to suspend US tariffs and EU countermeasures, the former until the end of this year, the latter until March 31.

The US' suspension of tariffs amounted to a quota of 3.3 million tonnes of steel and 384,000 tonnes of aluminium from EU producers, based on historical averages.

EU diplomats said it would make most sense to reapply the countermeasures if Trump went ahead with the import tariffs.

Uploaded by Chng Shear Lane

Print
Text Size
Share