In Brussels on February 12, the European Union signaled its intention to prioritize negotiations over retaliatory measures in order to prevent a trade war with the U.S. regarding impending metals tariffs. EU officials indicated that they aim to avert the situation by focusing on talks.
Amid a video conference on Wednesday, trade ministers from the EU's 27 members discussed responding to President Trump's plan to impose 25% tariffs on steel and aluminum imports starting from March 12. European Commission President Ursula von der Leyen criticized the tariffs as unjustified.
Although potential retaliatory actions were discussed, the consensus leaned towards negotiation, reinstating import duties on U.S. products like bourbon and motorcycles was considered as a response to previous tariffs from the Trump administration.
With a deadline of March 12 approaching, Irish Foreign Minister Simon Harris emphasized the importance of a negotiation window. The EU expressed commitment to dialogues with the U.S. to safeguard their interests while seeking constructive solutions.
EU Trade Chief Maros Sefcovic had an initial discussion with U.S. counterparts, expressing a preference for cooperation. Spanish Trade Minister Carlos Cuerpo stressed the need for a mutual agreement on tariffs to continue dialogue.
German Economy Minister Robert Habeck reiterated the importance of preventing a trade dispute and presenting a united EU stance during the video conference. The Commission aims to engage in talks with the U.S. administration, with the readiness to take countermeasures if necessary, without specifying details.
The European Union exports significant amounts of steel and aluminum to the United States. European Aluminium urged immediate talks between the European Commission and U.S. counterparts to seek a resolution.