In a controversial move, the US has doubled tariffs on foreign steel and aluminum imports to 50%, aiming to bolster local industries despite backlash from key trading partners like Canada and Mexico.
In a bold move, the European Union has announced countermeasures against the U.S. tariffs on steel and aluminum, targeting €26 billion worth of American goods. Ursula von der Leyen warns of economic uncertainty and rising prices on both sides of the Atlantic.
