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flag EU prepares retaliation against U.S. after Trump imposes 50% tariff on EU steel imports.

flag The European Union is preparing retaliatory measures against the U.S. after President Trump imposed a 50% tariff on EU steel imports, complicating ongoing trade negotiations. flag If talks fail, the EU will automatically impose its countermeasures on July 14 or earlier. flag The EU has proposed a "zero for zero" deal to remove tariffs on both sides for industrial goods, including autos, but this was dismissed by Trump. flag The tariffs could lead to higher consumer prices for goods containing steel.

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