The EU responds with “unjustified” American rates on steel and aluminum

The European Union (EU) on Wednesday promoted “fast and proportional” countermeasures to import from the United States, in response to the entry into force of new duty “Unjustified” from that country to European steel and aluminum.

“The committee regrets the decision of the United States. To impose such rates, for considering them unjustified, disturbing transatlantic and harmful trade for companies and consumers, because they often translate into an increase in prices,” the European Commission said in a statement.

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The community leader explains that their response to those American rates of the 25 % for import Of those metals around the world, “carefully calibrated” is based on an approach with two phases.

Firstly, the committee will allow the suspension of the current countermeasures of 2018 and 2020 against the US. April 1. These countermeasures are aimed at a series of American products that respond to the economic damage caused to the export of EU steel and aluminum worth 8000 million euros.

Secondly, in response to the new American rates that take more than 18 billion euros from the EU, the committee proposes a package of new countermeasures on American exports that are expected to come into effect MidrilAfter consulting the Member States and interested parties.

In total, EU against measures may therefore apply to the export of American goods worth a maximum of 26 billion euros, which corresponds to the economic reach of American rates, which represent a 28 billion value From euros, according to Europe.

In the meantime, the EU has been arranged Keep working together With the American administration to find a negotiated solution and to remember that the announced measures “can be canceled at any time in case this solution is found.”

“Commercial relations between the European Union and the United States are the largest in the world. They have contributed prosperity and safety to millions of people, and trade has created millions of jobs on both sides of the Atlantic Ocean,” the President of the European Commission recalls, Ursula von der LeyenThat “deep” complained about the American measure.

That is why he emphasizes that the EU must “act to protect consumers and companies”, and that the countermeasures he has decided today “strongly foreseen.”