Trump’s Tariffs Spark EU Outrage, Vows Retaliation

Benzinga

The European Union vowed to respond to President Donald Trump’s plan to impose 25% tariffs on steel and aluminum imports. European Commission President Ursula von der Leyen condemned the move, warning of “firm and proportionate countermeasures.” German Chancellor Olaf Scholz stated that the EU will act “as one” if necessary. The tariffs take effect March 12 and continue Trump’s long-standing grievances over trade imbalances. The EU is considering reinstating previous retaliatory duties and expanding its response. Trump defended the tariffs as a boost for US industry and hinted at further trade measures.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02The European Union vowed to respond to President Donald Trump's plan to impose 25% tariffs

00:07on steel and aluminum imports.

00:09European Commission President Ursula von der Leyen condemned the move, warning of firm

00:15and proportionate countermeasures.

00:17German Chancellor Olaf Scholz stated that the EU will act as one if necessary.

00:22The tariffs take effect March 12 and mark a continuation of Trump's longstanding grievances

00:28over trade imbalances.

00:29The EU is considering reinstating previous retaliatory duties and expanding its response.

00:35Trump defended the tariffs as a boost for U.S. industry and hinted at further trade

00:39measures.

00:40For all things money, visit Benzinga.com slash GSTV.

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