Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
BRUSSELS, May 31 (Xinhua) — The European Commission (EC) on Saturday sharply criticized the United States’ decision to raise tariffs on steel imports from 25 percent to 50 percent, warning that the move could trigger swift retaliatory measures from Europe.
“We deeply regret the announced increase,” an EC spokesman said in an email, noting that the decision “increases uncertainty in the global economy and increases costs for consumers and businesses on both sides of the Atlantic.”
US President Donald Trump announced on Friday that he plans to double tariffs on steel and aluminum imports to 50 percent. The American leader on the social network Truth Social reported that the new tariffs will come into effect on June 4.
The EC noted that the US actions undermine ongoing efforts to reach a negotiated agreement. In April, the EU suspended its countermeasures to create space for dialogue. However, it has now signaled its readiness to retaliate.
“The EU stands ready to introduce countermeasures, including in response to the latest tariff hike by the US,” the spokesman said, adding that the EC was finalizing consultations on the expanded measures. Both the existing and additional EU measures would come into force on July 14 or earlier “if circumstances so require.” –0–