💨 Abstract

The European Union plans to impose counter tariffs on $28.33 billion worth of US goods from next month in response to increased US tariffs on steel and aluminum imports. France's European Affairs Minister, Benjamin Haddad, suggests the EU has the capacity to escalate the response, potentially targeting digital services and intellectual property if necessary. Both sides aim to avoid a trade war.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖