TRADE WAR ALERT: EU’s โฌ5.4 Billion Export Market at Risk as US Threatens Steel Tariffs!
Germany is advocating for diplomatic negotiations between the European Union and the United States to prevent a potential trade conflict while maintaining readiness for retaliatory measures. The statement comes as EU trade ministers prepare for a virtual meeting. The 27 EU trade ministers will convene online at 4 p.m. (1500 GMT) to address the United States' planned implementation of 25% tariffs on steel and aluminum imports, scheduled to take effect March 12. European Commission President Ursula von der Leyen has described the tariffs as unwarranted, indicating the EU will respond with "firm and proportionate" measures. A European Union diplomat emphasized the importance of maintaining composure, noting the month-long window before the tariffs' implementation. German Economy Minister Robert Habeck, who will participate in the video conference, plans to stress unity among EU members and conflict prevention. His ministry stated that while […]