Trade disputes have long been a battleground for competing economic powers, with tariffs often used as leverage in negotiations.
As the United States and European Union confront one another over trade policy, both sides are doubling down on their strategies to defend their markets and industries.
Following U.S. President Donald Trump’s announcement of a 25% tariff on all steel and aluminum imports, French Foreign Minister Jean-Noel Barrot confirmed that the European Union is prepared to respond swiftly.
As reported by HotNews, Barrot stated that the EU would take necessary steps to protect its businesses and workers from the economic impact of the U.S. measures.
"The Time Has Come" for EU Action
In a statement to French broadcaster TF1, Barrot emphasized that the EU has faced similar challenges before and responded decisively. "Donald Trump did this in 2018, and we answered. We will answer again," he said.
The European Commission, responsible for determining the sectors that will face retaliatory measures, is ready to act.
"The Commission is prepared to pull the trigger when the time comes. That time has now come," Barrot added, warning that a full-blown trade war with the EU would not benefit any party.
The European Commission echoed this stance in a separate statement, noting that it would not implement countermeasures until it receives detailed information from the U.S. government.
"The EU sees no justification for imposing tariffs on its exports. We will react to protect the interests of European businesses, workers, and consumers," the statement read.
Tariff Impact and Global Reactions
Trump’s tariff policy marks a significant escalation in the U.S. trade strategy. Speaking aboard Air Force One, the U.S. president confirmed that all steel and aluminum imports would face a 25% duty starting Monday.
Trump also hinted at additional "reciprocal tariffs" aimed at countries that impose higher duties on U.S. products.
These measures build on previous tariffs introduced against imports from Canada, Mexico, and China. China, in particular, retaliated by imposing its own duties on American exports.
Despite being the world's largest steel producer, China accounts for only 1.8% of U.S. steel imports, following the 2018 tariffs that excluded most Chinese steel from the American market.
In the case of aluminum, the U.S. is heavily dependent on imports, with Canada supplying more than half of the total volume.
Australian officials have also expressed concerns, urging the U.S. to exempt their exports from the new tariffs, citing their importance to the U.S. defense industry.
As tensions rise, both sides are bracing for the economic ripple effects that could further strain global trade relations.
