European Commission 'strongly regrets' US plan for new steel tariffs

US president Donald Trump walks with workers as he tours U.S. Steel Corporation's Mon Valley Works-Irvin plant on Friday. The European Commission said that it "strongly" regrets an announced increase of US tariffs on steel imports and that the EU is prepared to impose countermeasures.

The European Commission said that it "strongly" regrets an announced increase of US tariffs on steel imports and that the EU is prepared to impose countermeasures.

US president Donald Trump said on Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25%, putting more pressure on global steel producers and deepening his trade war.