Right after the announcement by US Commerce Secretary Wilbur Ross of the application to European products, from 1 June, of US customs duties of 25% on imports of steel and of 10% on imports of aluminium, the European Commission promised, on Thursday 31 May, to retaliate by implementing its 're-balancing' counter measures and by taking the issue to the WTO on 1 June.
"The EU believes these unilateral US tariffs are unjustified and at odds with World Trade Organisation rules. This is...