EU to Target U.S. Exports if Trump’s Tariffs Move Forward
March 7--As U.S. President Donald Trump stood by his plan to raise import tariffs on steel and aluminum, the European Union threatened to retaliate with tariffs on U.S. exports of industrial, steel and agricultural products, a top EU trade official said.
If the United States goes forward with imposing tariffs, the EU will respond in a "proportionate and balanced way," Cecilia Malmström , the EU Commissioner for Trade, said on March 7 in Brussels.
Malmström pointed out that the United States has not yet taken action on the tariffs Trump announced late last week. If Trump moves forward -- as he is expected to do -- the EU would likely impose its own across-the-board tariffs on steel and aluminum to make up for an expected surge in imports. Furthermore, she said, the EU would likely tak...