The European Union has approved its first set of retaliatory measures in response to U.S. tariffs on steel and aluminum.
“The EU considers U.S. tariffs unjustified and damaging, causing economic harm to both sides, as well as the global economy. The EU has stated its clear preference to find negotiated outcomes with the United States, which would be balanced and mutually beneficial,” the union’s executive said in a statement on April 9.