The European Union has backed its first countermeasures against tariffs imposed by the United States, after member states today approved a proposal made in response to the 25% tariff that the US imposed on EU steel and aluminum exports.
"The EU considers the US tariffs unjustified and harmful, causing economic harm to both parties, as well as to the global economy. The EU has declared its clear preference to find negotiated outcomes with the US that would be balanced and mutually beneficial," the European Commission said in a statement.
He said he would begin collecting duties from April 15, stressing that "these countermeasures can be suspended at any time, if the US agrees to a fair and balanced negotiated outcome."
The commission did not immediately provide details about the tariff it would impose on certain goods imported from the US.