Trump announced on Friday a New price of 50% On steel and aluminum would take effect on June 4, against the previous rate of 25%. “At 50%, they can no longer exceeds the fence“Said Trump in a speech in an American Steel installation in West Mifflin, Pennsylvania.
The president of the European Parliament Commercial Committee said on Saturday that the EU should deploy countermeasures “immediately” if Trump followed his pricing threat.
“We have our countermeasures ready for unjustified prices on Steel and aluminum. If what has been announced becomes really reality, then we have to apply these counter-tariffs immediately, “said German emergency deputy Bernd Lange in a Publish.
The European Commission said that it was finalizing consultations on widening countermeasures at Trump prices. “If no mutually acceptable solution is found, existing and additional EU measures will automatically have effect on July 14-or earlier, if circumstances require,” he said.
Trump was struggling with American courts On his power to impose prices on foreign goods. Two court decisions this week struck Its use of the international law on economic emergency powers to impose reciprocal prices on the countries Around the world as well as tasks for China, Canada and Mexico. The prices remain in force after a federal court of appeal has published a temporary suspension.
Trump administration officials promised To use other tools Continue the prices policy while fighting their case on appeal.
