President Donald Trump's recent announcement to raise steel and aluminum tariffs to 50% has sparked a strong reaction from the European Union.
Response from the European Commission
The European Commission expressed "strong regret" over the tariff increase in an official statement. A spokesperson noted that this move exacerbates the situation, raising prices for both consumers and businesses. "This decision adds further uncertainty to the global economy," the spokesperson remarked.
Trump's Statements on China
Trump made the announcement during a rally in Pennsylvania, claiming it would help protect U.S. producers. He also accused China of violating the trade agreement, stating on social media: "China has totally violated its agreement with us."
Legal Battle Over Tariffs
As the legal fight over the tariffs escalates, the U.S. Court of International Trade ruled that the implementation of tariffs was "unlawful." However, the Appeals Court temporarily allowed the tariffs to remain while the case is under review. The White House has indicated readiness to take the matter to the Supreme Court if necessary.
The increase in tariffs on steel and aluminum poses a threat to the global economy and highlights rising tensions in international trade.
