This movement increases damage to consumers and businesses

US President Trump’s increased tariffs for Steel, for the European Union, is a movement that increases the damage to consumers and businesses on both sides of the Atlantic Commission expressed deep regret for US President Donald Trump’s decision to increase steel and aluminum tariffs to 50%, which has already announced against the US.

« We believe that this decision further increases uncertainty in the global economy and increases damage to consumers and businesses on both sides of the Atlantic. It also undermines our ongoing efforts to achieve a negotiated solution with the US, » said Olof Zyl, spokesman for the trade commission.

Gill noted that the EU, in good faith, froze on April 14 in order to create room for the continuation of negotiations. He also added that after a telephone conversation between the President of the Commission and the US President, both sides agreed to accelerate the pace of talks.

In this context, the technical teams from the Commission are on the road to Washington, while the Commissioner of Trade Maroš Šefković will meet with his American counterparts on Wednesday in Paris, on the margins of a ministerial meeting of the Organization for Economic Cooperation and Development (OECD).