"The European Union, wonderful countries who treat the U.S. very badly on trade, are complaining about the tariffs on Steel & Aluminum. If they drop their horrific barriers & tariffs on U.S. products going in, we will likewise drop ours. Big Deficit. If not, we Tax Cars etc. FAIR!," Trump posted on his Twitter page.
The European Union, wonderful countries who treat the U.S. very badly on trade, are complaining about the tariffs on Steel & Aluminum. If they drop their horrific barriers & tariffs on U.S. products going in, we will likewise drop ours. Big Deficit. If not, we Tax Cars etc. FAIR!
— Donald J. Trump (@realDonaldTrump) March 10, 2018
On Thursday, Trump signed an order that imposes 25 percent tariffs on steel imports and 10 percent duties on aluminium exports. The action will go into effect in 15 days.
Also, French Finance Minister Bruno Le Maire said earlier that France would "assess consequences on our industries and agree appropriate response." British international trade secretary Liam Foxalso has criticized the White House for imposing protectionist approach, saying that such measures "never really work."