Breaking news: EU members support countermeasure against US steel tariffs - Reuters

Eren Sengezer FXStreet

Citing EU sources familiar with the matter, Reuters reported that the European Union member countries on Thursday unanimously backed a plan to impose import duties on $3.3 billion worth of U.S. products as a countermeasure to the United States' tariffs on steel and aluminum products.

The European Commission still needs to approve the measures and the next scheduled meeting will be taking place on June 20.

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Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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