Washington’s decision to double steel tariffs will add uncertainty to the global economy and undermine talks with the EU aimed at avoiding a trade war, the European Commission press service stated, APA reports.
"We strongly regret the announced increase of US tariffs on steel imports from 25% to 50%. This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic," the statement reads, adding that "the tariff increase also undermines ongoing efforts to reach a negotiated solution".
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