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France 'regrets' Trump's new steel tariffs

AFP  |  Paris 

"regrets" US Donald Trump's announcement of duties on and aluminium imports to the United States, said today.

"There are only losers in a trade war. With our EU partners, we will assess consequences on our industries and agree appropriate response," he tweeted.

Trump imposed the tariffs -- 25 per cent on and 10 per cent on aluminium -- despite repeated warnings from the EU and other allies that this could trigger a full-on trade war.

Last Friday, Le warned that any such measures by the US would be "unacceptable" and called for a "strong, coordinated, united response from the EU".

The French then warned that the tariffs would have "a major impact on the European and on French companies such as Vallourec, and Ugitech".

"There are certain countries which practice dumping and other subsidies which distort global trade," he said, in an indirect reference to "The American authorities know that perfectly well, and it is this that they should be addressing, not anything else."

The said today that countries concerned by the new tariffs could speak to the US in order to negotiate possible exemptions.

"The EU is a close ally of the US and we continue to think that the EU must be exempted from these measures," said EU for

"I will demand more clarity on this issue in the days to come," she added.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Fri, March 09 2018. 08:25 IST