EU retaliates against metal levies with countermeasures worth up to US$28b

That is a target for President Trump, not only the German car industry, but the car industry in general. They're already affected,

she said, pointing to the example of Swedish automotive giant Volvo in her native Gothenburg

Cecilia Malmströmswedish politician

There are a few around president Trump perhaps, but I would say 95 % of economists across the world share the view that tariffs are basically not a good thing,

said Malmström

It would also be more expensive for consumers, all of which would cost growth and prosperity, on both sides of the Atlantic. The tariff level of 25% currently mentioned by President Trump is a provocation,

she told DW in a statement

It's a lose-lose game,

she told DW,

It could be tariffs, it could be other kinds of restrictions or export limitations, it could affect investments, it could be public procurement restrictions. It's a quite big toolbox,

she noted

But of course, nobody wants this to go on for years and years. Our industries are already suffering in Europe, and the damage will be big also in the US,

she said

The simple conclusion is that we should aim at a negotiated solution,

said the Finnish central bank governor at a policy panel in Berlin on Thursday

We will always remain open to negotiation,

she added in a statement

Micheál Martinprime Minister

Of course I'm going to respond."

Asked if he would reciprocate, Trump said, while sitting alongside Ireland's Prime Minister Micheál Martin

The problem is our country didn't respond [previously],

he said, repeating an earlier claim

We will not stand idly by while our iconic steel and aluminium industries are being unfairly targeted."

LeBlanc stated

Whatever they charge us, we're charging them,

Trump was quoted by Reuters

We firmly believe that in a world fraught with geopolitical and economic uncertainties, it is not in our common interest to burden our economies with tariffs,

von der Leyen said

I argued to avoid the unnecessary burden of measures and countermeasures, but you need a partner for that. You need both hands to clap,

Šefčovič told reporters at the European Parliament in Strasbourg, France

We deeply regret this measure. Tariffs are taxes. They are bad for business, and even worse for consumers. These tariffs are disrupting supply chains. They bring uncertainty for the economy,

she said

That spells harm for a large number of downstream industries that use steel and aluminum. Those downstream industries employ about 10 times as many workers as the steel and aluminum industries,

Hufbauer said

Anthony Albaneseaustralian Prime Minister

This is against the spirit of our two nations' enduring friendship and fundamentally at odds with the benefits that our economic partnership has delivered over more than 70 years,

Albanese said at a press conference

It creates an enormous amount of uncertainty for multinational companies that sell products worldwide, that import from the rest of the world, that run these complex supply chains through multiple countries,

Eswar Prasad, an economist at Cornell University, told U.S. media

Trump's metals tariffs will cost American industry dearly,

according to a piece in The Economist on Tuesday

As the U.S. [is] applying tariffs worth 28 billion dollars, we are responding with countermeasures worth 26 billion euros,

she added