(Worthy News) - The EU will immediately take counter-measures if the US imposes tariffs on European steel imports, the European Commission said on Friday (2 March).
"We will react swiftly, firmly and proportionately, on the basis of the rules that are in place, agreed by all international trade partners and the World Trade Organization," a commission spokesman told journalists.
"We are not going to sit on our hands while our industry is at risk of being hit by unfair measures," said Alexander Winterstein, a day after the US president Donald Trump announced a 25-percent tariff on steel and 10-percent tariff on aluminum. [ Source: EU Observer (Read More...) ]
Copyright 1999-2017 Worthy News. All rights reserved.
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.