EU Commissioner Moscovici presents the EU executive's economic forecasts in Brussels
The European steel association Eurofer in Brussels today warned the US President's new import tariffs were "harmful and counterproductive" and could lead to the loss of tens of thousands of jobs in Europe.
European shares open lower but investors appear to hold their nerve after the announcement of US import duties set by. Japan has decried the "grave impact" the Trump measures could have on the world economy.
The EU has warned that it stands ready to slap "rebalancing" tariffs on about 2.8 billion euros ($3.4 billion) worth of US steel, agricultural and other products, like peanut butter, cranberries and orange juice.
Japan's Economy Minister Hiroshige Seko was also in Brussels for the talks.
The meetings had been previously planned but took on greater importance because of Trump's announcement of a 25-percent tariff on steel imports and 10 percent on aluminum imports.
The EU is also maintaining a threat of counter-measures that would target USA imports ranging from maize to motorcycles and may publish its list next week to allow industry and other interested parties to give their input.
"Dialogue is always the prime option of the European Union", Malmstroem said, adding that Brussels was "counting on being excluded" from the new duties.
Madhubala among 15 remarkable women in NYT's 'Overlooked' obituary section
Just a few days after her 36 birthday, the legendary actor left for the heavenly abode on January 23, 1969. This is unedited, unformatted feed from the Press Trust of India wire.
Dawood aide in CBI net
Takla was recently arrested from New Delhi's Indira Gandhi International Airport by the CBI after he arrived from Dubai. Farooq was produced before special TADA judge G A Sanap and sent to police custody till March 19.
UK stance on Irish border threatens to stall Brexit talks: Tusk
Services are about common rules, common supervision, and common enforcement. As you know, every country has its own problems resulting from Brexit .
"Given the circumstances, during the visit of US Ambassador Lighthizer to Brussels this Saturday, the EU will convey the message that we expect the EU to be fully excluded from the US measures without preconditions or negotiations", a European Commission source said ahead of the talks on condition of anonymity.
EU President Donald Tusk on Wednesday warned Trump that "trade wars are bad and easy to lose", directly rebuffing the United States leader's claim last week they were "good and easy to win".
Germany - singled out for particular criticism by Trump - accused Washington of protectionism, calling the tariffs an "affront to close partners". He also added Australia to the list of likely carve-outs.
European Union Trade Commissioner Cecilia Malmstrom will host her USA and Japanese counterparts in Brussels on Saturday, with impending US tariffs on metal imports set to dominate talks.
European Commission Vice-President Jyrki Katainen said: "We all have to choose whether we want rules-based trade which supports rules-based world order or do we want rule of force, or the rule of the strongest, which we have now seen?"
The EU and Japan past year formally agreed the broad outlines of a landmark trade deal that was announced as a direct challenge to the protectionism championed by Trump.
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