{"id":35791,"date":"2025-03-12T07:52:47","date_gmt":"2025-03-12T07:52:47","guid":{"rendered":"https:\/\/news2shorts.com\/index.php\/2025\/03\/12\/trump-tariffs-of-25-on-steel-and-aluminium-come-into-effect-globally-as-europe-says-it-will-retaliate-business-live-2\/"},"modified":"2025-03-12T07:52:47","modified_gmt":"2025-03-12T07:52:47","slug":"trump-tariffs-of-25-on-steel-and-aluminium-come-into-effect-globally-as-europe-says-it-will-retaliate-business-live-2","status":"publish","type":"post","link":"https:\/\/news2shorts.com\/index.php\/2025\/03\/12\/trump-tariffs-of-25-on-steel-and-aluminium-come-into-effect-globally-as-europe-says-it-will-retaliate-business-live-2\/","title":{"rendered":"Trump tariffs of 25% on steel and aluminium come into effect globally as Europe says it will retaliate \u2013 business live"},"content":{"rendered":"<p>European Commission says it will impose counter-tariffs on US goods from April<\/p>\n<ul>\n<li><a href=\"https:\/\/www.theguardian.com\/us-news\/2025\/mar\/11\/trump-double-canada-tariffs\">Full story: Trump tariffs on steel and aluminium come into effect amid US-Canada trade war<\/a><\/li>\n<\/ul>\n<p><strong>European steel companies have been bracing for losses.<\/strong><\/p>\n<p> \u201cIt will further worsen the situation of the European steel industry, exacerbating an already dire market environment,\u201d <strong>Henrik Adam<\/strong>, president of the Eurofer European steel association, said last month.<\/p>\n<p><strong>He said the EU could lose up to 3.7m tons of steel exports.<\/strong> The United States is the second biggest export market for EU steel producers, representing 16% of the total EU steel exports.<\/p>\n<p> \u201cLosing a significant part of these exports cannot be compensated by EU exports to other markets,\u201d Adam said.<\/p>\n<p>The UK is reserves its right to retaliate but will adopt a \u201cpragmatic\u201d approach in response to global tariffs imposed by the US, a Treasury minister said, echoing the comments (verbatim) made by the UK\u2019s trade and business secretary, <strong>Jonathan Reynolds<\/strong>.<\/p>\n<p>We\u2019re not going to retaliate immediately in that way.<\/p>\n<p>We reserve our right to retaliate, but we\u2019re very clear that we want a pragmatic approach, working closely and productively with the US.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/business\/live\/2025\/mar\/12\/trump-tariffs-steel-aluminium-aluminum-global-europe-business-live\">Continue reading&#8230;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>European Commission says it will impose counter-tariffs on US goods from April Full story: Trump tariffs on steel and aluminium come into effect amid US-Canada trade war European steel companies have been bracing for losses. \u201cIt will further worsen the situation of the European steel industry, exacerbating an already dire market environment,\u201d Henrik Adam, president &#8230; <a title=\"Trump tariffs of 25% on steel and aluminium come into effect globally as Europe says it will retaliate \u2013 business live\" class=\"read-more\" href=\"https:\/\/news2shorts.com\/index.php\/2025\/03\/12\/trump-tariffs-of-25-on-steel-and-aluminium-come-into-effect-globally-as-europe-says-it-will-retaliate-business-live-2\/\" aria-label=\"Read more about Trump tariffs of 25% on steel and aluminium come into effect globally as Europe says it will retaliate \u2013 business live\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-35791","post","type-post","status-publish","format-standard","hentry","category-blog"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/35791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/comments?post=35791"}],"version-history":[{"count":0,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/posts\/35791\/revisions"}],"wp:attachment":[{"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/media?parent=35791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/categories?post=35791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news2shorts.com\/index.php\/wp-json\/wp\/v2\/tags?post=35791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}