PiCK
EU Commission "Strong regret over US steel tariff hike… Countermeasures ready"
Summary
- The European Union (EU) Commission announced that it strongly expressed regret over the US steel tariff increase.
- The Commission stated that it has prepared countermeasures in response to the US action.
- It was reported that immediately after the news broke, Bitcoin (BTC) rebounded by 0.27%, trading at $103,739.
The European Union (EU) Commission recently expressed deep regret after Donald Trump, the President of the United States, imposed high tariffs on steel, and announced that it had begun preparations for a response.
According to Block Beat, a virtual asset (cryptocurrency) specialty media outlet, on the 31st, a spokesperson for the European Union (EU) Commission stated, "We express strong regret over the US decision to increase tariffs on steel imports," and "Countermeasures in response have been completed."
The Commission criticized the move, saying, "This action throws cold water on efforts to resolve the situation through ongoing negotiations."
Meanwhile, Bitcoin (BTC) rebounded by 0.27% immediately after the news broke, trading at $103,739.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
