European Union To Hit US With €26 Billion Tariffs In Retaliation Over Steel, Aluminium Duties

The simple conclusion is that we should aim at a negotiated solution,

said the Finnish central bank governor at a policy panel in Berlin on Thursday

We will always remain open to negotiation,

she added in a statement

Micheál Martinprime Minister

Of course I'm going to respond."

Asked if he would reciprocate, Trump said, while sitting alongside Ireland's Prime Minister Micheál Martin

The problem is our country didn't respond [previously],

he said, repeating an earlier claim

Donald Trumppresident

We’re going to take back our wealth, and we’re going to take back a lot of the companies that left,

Mr. Trump said on Wednesday

It’s more the nuclear option,

said Carsten Brzeski, a global economist for ING Research

Reimposing these debilitating tariffs at a time when the spirits industry continues to face a slowdown” will “further curtail growth and negatively impact distillers and farmers in states across the country,

Chris Swonger, the chief executive of the Distilled Spirits Council, said in a statement on Wednesday

If they move ahead with those, we will respond swiftly and forcefully, as we have today,

Olof Gill, a European Commission spokesman, said during a news conference on Wednesday

It doesn’t feel very transactional, it feels almost imperial,

said Penny Naas, a trade expert at the German Marshall Fund

Donald Trumppresident

There is a period of transition, because what we’re doing is very big,

Mr. Trump said in an interview on Fox News on Sunday

Donald Trumppresident

It’ll be 25 percent, generally speaking, and that will be on cars and all other things,

Mr. Trump said in late-February comments in the Oval Office

We will not stand idly by while our iconic steel and aluminium industries are being unfairly targeted."

LeBlanc stated

Whatever they charge us, we're charging them,

Trump was quoted by Reuters

We firmly believe that in a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs,

von der Leyen said

I argued to avoid the unnecessary burden of measures and countermeasures, but you need a partner for that. You need both hands to clap,

Šefčovič told reporters at the European Parliament in Strasbourg, France

We deeply regret this measure. Tariffs are taxes. They are bad for business, and even worse for consumers. These tariffs are disrupting supply chains. They bring uncertainty for the economy,

she said

That spells harm for a large number of downstream industries that use steel and aluminum. Those downstream industries employ about 10 times as many workers as the steel and aluminum industries,

Hufbauer said

It creates an enormous amount of uncertainty for multinational companies that sell products worldwide, that import from the rest of the world, that run these complex supply chains through multiple countries,

Eswar Prasad, an economist at Cornell University, told U.S. media

Trump's metals tariffs will cost American industry dearly,

according to a piece in The Economist on Tuesday

As the U.S. [is] applying tariffs worth 28 billion dollars, we are responding with countermeasures worth 26 billion euros,

she added