EU Strongly Regrets US Double Tariffs Plan

(MENAFN- Kuwait News Agency (KUNA)) BRUSSELS, May 31 (KUNA) -- The European Union (EU) said Saturday that it "strongly" regrets Donald Trump's plan to double US tariffs on steel and aluminum in a move that risks throwing bilateral trade talks into chaos.
On Friday, the US president told a rally in the steel-making city of Pittsburgh that the tariffs would rise from 25 percent to 50 percent, claiming this would boost local industry and national supplies.
In a statement, the European Commission said Trump's latest move on tariffs "undermines ongoing efforts" to reach a deal, warning about "countermeasures".
The European Commission, "this decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic.
"In good faith, the EU paused its countermeasures on 14 April to create space for continued negotiations," the statement said, warning the bloc "is prepared to impose countermeasures," the statement added. (end)
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