"We used this meeting to talk international commerce, and to repeat that we are favorable to the free exchange based on the rules of reciprocity, that we do not believe in protectionism, and that we need to come up with a firm, common European response to the recent decision made by our American partners and allies," French Minister for the Economy and Finance Bruno Le Maire said at a joint press conference with his German counterpart Olaf Scholz.
La convergence fiscale sur l'assiette de l'impôt sur les sociétés entre la France et l'Allemagne, cela fait 10 ans que nous en entendons parler: avec @OlafScholz, nous voulons la faire! 🇫🇷🇩🇪 pic.twitter.com/wfzQVTLi8r— Bruno Le Maire (@BrunoLeMaire) March 16, 2018
US President Donald Trump signed an order to impose a 25-percent import tax on steel and 10-percent duties on aluminum imports. The decree will become effective March 23.
Trump's step was sharply criticized by Washington's major trade partners, particularly Canada, China and the European Union, which accused Trump of excessive protectionism and pledged to impose countermeasures.