WATCH LIVE | CBS4 News at 5p & 6p

European Union Weighs Retaliation If U.S. Imposes Steel Tariffs

Follow CBSMIAMI.COM: Facebook | Twitter

BRUSSELS (CBSMiami/AP) — Top trade officials with the European Union say the bloc is preparing retaliatory measures if the United States imposes steel tariffs on imports.

EU Trade Commissioner Cecilia Malmstroem said the bloc was “making preparations” to retaliate in the event the U.S. introduces new tariffs.

Malmstroem said Monday that the EU would study any action by Washington to see whether the move complies with the rules of the World Trade Association, the body that oversees global trade.

She added that the indications are that the EU “would be unjustifiably hit.”

One reason why Donald Trump became president was his promise to revive American steel. That helped him win states like Pennsylvania.

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Watch & Listen LIVE