Summary
The EU and its leaders warned of swift retaliation if Donald Trump enacts new 25% tariffs on steel and aluminum imports, as he announced over the weekend.
The European Commission criticized the move as “unjustified” and vowed to protect EU businesses.
German Chancellor Olaf Scholz and French President Emmanuel Macron pledged countermeasures, with Macron warning tariffs would also hurt the U.S.
The UK government said it was monitoring developments, while UK Steel called the potential tariffs “devastating.” The EU previously responded to Trump-era tariffs with retaliatory measures.
He’s doing the equivalent of robbing a bank while wearing a suicide bomb vest. The only difference is that he’s threatening the world economy instead.
The fact that he hasn’t thought through the consequence chain afterwards is just him being stupid. Akin to a robber trying to pay the stolen money into his bank account, at the branch he robbed a few days before.
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