The European Commission voiced strong regret over the United States’ decision to raise tariffs on imported steel to 50%, warning the move adds uncertainty to the global economy.
The European Commission sharply criticized the U.S. decision to double tariffs on imported steel, calling it a move that threatens economic stability and hinders efforts toward a negotiated trade solution.
“We strongly regret the announced increase of U.S. tariffs on steel imports from 25% to 50%,” a European Commission spokesperson said in a statement.
The announcement followed U.S. President Donald Trump's declaration that Washington would raise duties on foreign steel and aluminum, escalating an already tense trade environment. The tariff hike is expected to place further pressure on global steel producers and could deepen trade frictions with key allies.
“This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,” the spokesperson added. “The tariff increase also undermines ongoing efforts to reach a negotiated solution.”
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remai...
Indonesia deployed thousands of security personnel around parliament and other major cities on Thursday as students returned to the streets, one ye...
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow ear...
Oil prices fell after the U.S. expanded economic sanctions on Iran, as Tehran vowed to retaliate and warned it had tools to respond, raising concerns over potential disruption to regional oil supplies.
Rescuers in Nepal used helicopters on Thursday to scour for hundreds still missing after a wall of mud and rock collapsed into a river on the Himalayan border with China's Tibet, sending catastrophic floods through towns and valleys, killing 162 people.
Secretary of State Marco Rubio told allied foreign ministers Washington will focus on sanctions and other pressure on Iran “for the time being”, Axios reports. Meanwhile, Iran and Oman have resumed talks on a temporary shipping route through the Strait of Hormuz.
Kyiv has recently received a small number of U.S.-made Patriot interceptors capable of downing Russian ballistic missiles, Ukrainian President Volodymyr Zelenskyy has said. It comes as Britain and France pledged stronger military support for Ukraine.
Iranian President Masoud Pezeshkian has called for greater economic cooperation among Muslim countries, saying their combined economic weight remains disproportionately small compared with their population, strategic location and resources.
Indonesia deployed thousands of security personnel around parliament and other major cities on Thursday as students returned to the streets, one year after nationwide anti-government protests left 10 people dead.
Kremlin Spokesperson Dmitry Peskov has dismissed media reports that CIA Director John Ratcliffe visited Moscow earlier this week to warn Russia against attacking NATO, dismissing them as "scare stories," which had nothing to do with reality.
Thousands of Russians are hunting for apartments in Tbilisi and Yerevan - not because of a mobilisation order that's been signed, but because of one many fear is coming.
Poland has asked the European Commission to impose a €250 million ($291.3 million) fine on Meta, accusing the technology company of failing to adequately tackle fraudulent advertisements on its platforms.
Ratko Mladić, the former Bosnian Serb military commander convicted of genocide for his role in the 1995 Srebrenica massacre, has died, according to a United Nations official.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment