Brussels, March 12 -- The European Commission has announced it would launch "swift and proportionate countermeasures" on US imports into the European Union in response to the tariffs imposed by the US on EU steel and aluminium imports."

The European Commission expressed regret over the US decision to impose US tariffs, calling them "unjustified, disruptive to transatlantic trade, and harmful to businesses and consumers, often resulting in higher prices."

According to the statement, the EU Commission will allow the suspension of existing 2018 and 2020 countermeasures against the US to lapse on April 1. These countermeasures target various US products that respond to the economic harm done on 8 billion Euros of EU steel and aluminium expo...