U.S products to face new EU tax

Malmstrom described the Trump administration’s plan to impose tariffs of 25% on foreign steel and 10% on imported aluminum as a threat to European workers. She added that the root cause of the problem with steel and aluminium is “global overcapacity” propped up by “massive state subsidies… under non-market conditions”.

She also said that the EU was “intensively talking” to US counterparts to try to persuade Washington “to have a rethink”.