EUROFER chief Axel Eggert said today that "the national security justification the president has used - and the linking of these tariffs to NATO funding - is an absurdity."
PTI
@moneycontrolcom
Europe's main steel federation says President Donald Trump's reasons for slapping tariffs on steel and aluminum are absurd and that the move could cost tens of thousands of jobs across the continent.
EUROFER chief Axel Eggert said today that "the national security justification the president has used - and the linking of these tariffs to NATO funding - is an absurdity."
The European Union exported about 5.5 million tons of steel to the US last year. European steel producers are concerned about a loss of market access but also that steel from elsewhere will flood in.
