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News and Research => Business => Topic started by: bosman on 2025-02-12 09:25

Title: US  Updates: EU vows tough countermeasures to tariffs
Post by: bosman on 2025-02-12 09:25
US  Updates: EU vows tough countermeasures to tariffs.
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Ursula von der Leyen said a  significant increase  in US  steel tariffs  "will not  go unanswered" and will  "respond to strong countermeasures". The EU  leader also  met with US Vice President JD Van  Ex. Steel coils at a factory in Germany
Steel is used in every aspect of  our lives: in cars and construction, washing machines, cargo ships and surgical  scalpels.
What you need to know
The European Union has vowed to respond to US  tariff increases on steel imports with  "strong and  proportionate countermeasures".
The announcement comes after US President Donald Trump signed an  executive order  imposing a 25%  tariff hike on foreign steel and  aluminium imports.
When asked about the possibility of other countries retaliating against  the US tariffs, Trump said:  "I'm not worried."
Meanwhile, Pope Francis has rebuked the Trump administration  for deporting undocumented  immigrants.
The White House fired the inspector general  of the US Agency for International Development (USAID) on Tuesday, an official told US  media. The firing comes a day after the watchdog's office warned that the Trump administration's dismantling of USAID had made it  nearly impossible to  track $8.2 billion in unspent humanitarian  funds.
The official, who had direct knowledge of the  shooting, was not authorized to comment publicly and spoke to CNN  and the Reuters and AP news agencies on condition of  anonymity.
The White House  did not give a reason for the firing, the official  said.

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