EU estimates $29.3 billion hit from Trump's steel, aluminum tariffs

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EU estimates $29.3 billion hit from Trump's steel, aluminum tariffs - Business Standard

Quick Summary:

The measures were applied product-by-product and included agricultural goods and apparel in addition to steel and aluminum products.

The EU has said that it would respond quickly and proportionally to US tariffs and could reactivate as a first step the lists previously suspended.

Sefcovic, who met with US Commerce Secretary Howard Lutnick, Jamieson Greer, his pick for US trade representative and National Economic Council Director Kevin Hassett this past week, told EU envoys that the atmosphere was positive but no negotiations were conducted yet, said the people.