The European Union will retaliate if the US imposes punitive tariffs on steel from the EU, as European Commission President Jean-Claude Juncker said at the G20 summit in Hamburg.
“If the US imposes tariffs on European steel imports, Europe is ready to react immediately and adequately,” Juncker told reporters. He said the new EU-Japan trade deal signed on Thursday showed that the Europeans are not putting up "protectionist walls."
If Washington introduces new quotas or tariffs, then, according to European leaders, they will be unreasonable and will punish US allies in response to the excess supply in the world steel markets, which is mainly created in China.
A Commission spokesman notes: "We need to talk about excess steel capacity, not protectionist measures against steel imports from other parts of the world."
EU announces tariffs in response to US action
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Azovpromstal® 10 July 2017 г. 12:06 |
