Bloc’s leaders also promise to protect EU interests after US president announces escalation in aggressive trade policy

Summary

The EU and its leaders warned of swift retaliation if Donald Trump enacts new 25% tariffs on steel and aluminum imports, as he announced over the weekend.

The European Commission criticized the move as “unjustified” and vowed to protect EU businesses.

German Chancellor Olaf Scholz and French President Emmanuel Macron pledged countermeasures, with Macron warning tariffs would also hurt the U.S.

The UK government said it was monitoring developments, while UK Steel called the potential tariffs “devastating.” The EU previously responded to Trump-era tariffs with retaliatory measures.

  • jackeryjooEnglish
    19•18 hours ago

    That’s correct. This is what they want. Drive stocks down, do a bunch of buybacks, scrap the tariffs, watch line go back up, profit.

    • @P1nkmanEnglish
      2•9 hours ago

      Hopefully, the rest of the world will just go “Who are you? We already have that we need from these countries, so thanks, but no thanks” and the US will finally see that they fucked up royally.

      • @ynthrepicEnglish
        2•5 hours ago

        Nah, it’s all about the money. It’s literally just trolling with people lives to make money off of their inevitable fear

        The only way to win, is if people who have invested money aren’t afraid of losing it. Which of course almost nobody, because when gambling the house almost always wins. Which is to say an increasingly small minority get to win the lottery of a financially free life.

    • @HasturInYellowEnglish
      7•17 hours ago

      I suppose we will just have to liquidate their entire class… Oh well.