💨 Abstract

The European Commission is seeking to collect data for counter-measures against U.S. tariffs on steel and aluminum, with calls held with metals industry representatives and planned calls with the automobile and pharmaceuticals sectors. The aim is to propose new trade defense measures, including potential export duties on EU scrap sales. The calls follow global stock market and oil price drops due to fears of increased prices, weakened demand, and potential global recession caused by U.S.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖