"We profoundly regret the US-announced increase in steel and aluminium imports from 25 to 50 percent," said the European Commission spokesperson liable for EU trade policy in Brussels. This weakens the ongoing efforts to scope a negotiated solution to the trade dispute, creates additional uncertainty in the global economy and increases costs for consumers and businesses on both sides of the Atlantic. The EU has stated that it is ready to take countermeasures. This may besides happen before 14 July. Trump announced on Friday that he would double the duties on steel and aluminum.
A 90-day customs break seems to be invalid
In the current situation, the anti-dumping duties that were already planned due to Trump's first tariff decisions will automatically enter into force that day. The EU actually wanted to implement these measures on 14 April, but suspended them after Trump granted many countries and the EU a 90-day break from any duties.
