Trump Increases Steel Tariffs, EU Prepares Retaliation | JQJO

President Trump announced a 50% tariff on steel and aluminum, effective June 4th, escalating tensions with the EU. The European Parliament's trade committee chair urged immediate countermeasures, while the European Commission is finalizing retaliatory tariffs set for July 14th, or sooner. These actions follow recent court rulings against Trump's use of the International Economic Emergency Powers Act to justify previous tariffs, although the administration plans to appeal and utilize alternative legal justifications.