EU Criticizes Trump's 50% Steel and Aluminum Tariff Increase

The EU expressed strong regret over the US's decision to increase steel and aluminium tariffs from 25% to 50%, citing increased economic uncertainty and undermining of ongoing trade negotiations. President Trump justified the tariffs as a means to bolster the US steel industry, while also discussing a potential investment deal with Japan's Nippon Steel for US Steel. The move has significant implications for international trade, especially affecting the EU and Canada, and could influence upcoming US midterm elections.