EU Discusses Plan to 'Proportionately' Respond to US Import Restrictions on Steel, Aluminum
The European Commission discussed its plan to counter expected new U.S. tariffs on steel and aluminum, the EC said. "The EU stands ready to react proportionately and fully in line with the World Trade Organisation (WTO) rules in case the…
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US measures are formalised and affect EU's economic interests," the EC said. Commissioner for Trade Cecilia Malmstrom is still hopeful "that the EU would be excluded," she said. "We also hope to convince the US administration that this is not the right move. As no decision has been taken yet, no formal action has been taken by the European Union. But we have made clear that if a move like this is taken, it will hurt the European Union. It will put thousands of European jobs in jeopardy and it has to be met by firm and proportionate response. Unlike these proposed US duties, our three tracks of work are in line with our obligations in the WTO. They will be carried out by the book."