European Union Vows 'Firm' Response To US Tariffs
European Union (EU) leaders have vowed to deliver a firm response against the tariffs imposed by US President Donald Trump. Trump imposed tariffs on steel and aluminum imports ranging between 25% to 10%, respectively. The tariffs have not gone down well with the EU as it would impact their imports and exports sector. Also Read: Should You Buy Warren Buffett-Backed Oil Giant Chevron (CVX) Stock? Ursula von der Leyen, European Union’s President vowed that the US tariffs “will not go unanswered.” “I deeply regret the US decision to impose tariffs on European steel and aluminum exports,” she said to AFP. The tariffs on steel and aluminum are imposed on Argentina, Australia, Canada, Mexico, EU countries, and the United Kingdom. She called the US tariffs on the European Union “unjustified” and will take “proportionate countermeasures” to challenge Trump’s trade policies. “Unjustified tariffs on the EU will not go unanswere...