The European Union has issued a formal statement expressing strong concern over the United States’ recent decision to implement a 50% tariff on EU steel and aluminum imports. The move represents a significant escalation in transatlantic trade tensions and has been met with disapproval in Brussels.

In anticipation of the economic impact, the European Commission is preparing a comprehensive retaliatory package valued at approximately $108 billion. The countermeasures are expected to target a wide spectrum of U.S. exports.

European Commission President Ursula von der Leyen emphasized that while the EU remains committed to constructive dialogue, it will act decisively to safeguard its economic interests and the integrity of the single market. The Commission has indicated that these countermeasures could be implemented as early as mid-July, should no resolution be reached.

This development underscores the heightened risk of disruption to global trade flows and raises concerns about the long-term implications of protectionist policies on international economic cooperation.