💨 Abstract

The European Union is preparing "countermeasures" against the U.S. due to the Trump administration's 50% tariffs on steel imports, which have disrupted global markets and ongoing trade negotiations. The EU is finalizing a list of countermeasures to take effect by July 14 if negotiations fail. The EU and U.S. will continue talks in Paris, with the EU offering a "zero for zero" tariff removal on industrial goods, including autos. The U.S.

Courtesy: WTOP Staff