The European Union has expressed deep regret over the announcement by the United States of America regarding the increase in tariffs on steel and aluminum from 25% to 50%. This was stated by a spokesperson for the European Commission. This decision contributes to economic uncertainty on both sides of the Atlantic. The spokesperson stated that negotiations are continuing, and that both sides have agreed to accelerate the negotiation process, which will take place this week.

In a statement, the European Commission expressed regret over the United States' announcement to increase tariffs on imports of steel and aluminum, and stated that the European Union is prepared to take retaliatory measures.

The statement said that the decision by the US government contributes to uncertainty in the global economy, and that the increase in tariffs undermines ongoing efforts to resolve the issue through negotiation. Final consultations are underway within the European Commission regarding the expansion of retaliatory measures. If a mutually acceptable solution is not reached, existing and further measures will automatically come into effect on July 14th, or sooner if necessary.

CMG