President Donald Trump announced on Monday that he would implement tariffs of 25 percent on all steel and aluminum imports to the United States.

U.S. stocks are slipping Tuesday following President Donald Trump’s latest escalation against the United States’ trading partners with tariffs. The S&P 500 was edging down by 0.2% in the U.S. stock market’s first trading since Trump announced 25% tariffs on all foreign steel and aluminum coming into the country.

The EU will act to safeguard its economic interests. We will protect our workers, businesses and consumers,” von der Leyen said in a statement in reaction to US President Trump’s imposition of tariffs on steel and aluminum the previous day.

European Commission President Ursula von der Leyen on Tuesday vowed "firm and proportionate countermeasures" in response to U.S. President Donald Trump's decision to impose tariffs on all steel and aluminium imports,

The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and China engaged in a trade war that spanned most of Trump’s first four years in office and was continued to a certain extent under his successor, Joe Biden.

The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and China engaged in a trade war that spanned most of Trump’s first four years in office and was continued to a certain extent under his successor,

Trump has paused tariffs on small-value packages arriving from China, apparently to give U.S. agencies time to sort out how to process millions of such shipments.