EU hit by surge in steel imports
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The increase in U.S. metals tariffs applies to all trading partners except Britain, the only country so far to strike a preliminary trade agreement with America during a 90-day pause on a wider array of Trump tariffs.
BRUSSELS (Reuters) -The European Union has changed its team locked in trade talks with the Trump administration, bringing in a close aide to European Commission President Ursula von der Leyen to deal more swiftly with political questions arising from the technical negotiations, three sources familiar with the talks said.
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Trump and his aides have repeatedly shifted their stance on tariffs in the weeks since the president’s “Liberation Day” announcement.
U.S. tariffs are in the spotlight once again in Europe as President Donald Trump's 50% levy on steel and aluminum imports came into effect Wednesday.
Home builders, car manufacturers and can makers are among those that will see higher prices for materials. Those companies could charge customers more.
The European Union is preparing “countermeasures” against the United States if the two sides cannot reach a deal after surprise U.S. tariffs on steel rattled global markets and complicated the ongoing
(Reuters) -European shares inched up on Wednesday on gains in Airbus shares, while sentiment remained cautious ahead of a deadline for U.S. trading partners to make their "best offers" and as the U.S. levies on steel and aluminium imports kick in.