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EU’s Juncker: Will Immediately Introduce Counter Balancing Measures In Coming Hours
EU’s Juncker: Will Immediately Introduce Counter Balancing Measuring In Coming Hours
— LiveSquawk (@LiveSquawk) May 31, 2018
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EU'S MALMSTROM ON US TARIFFS: EU'S RESPONSE WILL BE PROPORTIONATE AND IN ACCORDANCE WITH WTO RULES: RTRS
— *Walter Bloomberg (@DeItaone) May 31, 2018
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European Commission reacts to the US restrictions on steel and aluminium affecting the EU
The US announced that starting on 1 June 2018 it will impose additional duties of 25 % and 10 % respectively on imports of steel and aluminium from the EU. President of the European Commission, Jean-Claude Juncker said: "I am concerned by this decision. The EU believes these unilateral US tariffs are unjustified and at odds with World Trade Organisation rules. This is protectionism, pure and simple. Over the past months we have continuously engaged with the US at all possible levels to jointly address the problem of overcapacity in the steel sector. Overcapacity remains at the heart of the problem and the EU is not ... (full story)
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