Tariffs are taxes – bad for business, worse for consumers,’ European Union chief Ursula von der Leyen said on Tuesday.

EU Commission President Ursula von der Leyen has announced a firm response to the special tariffs on steel and aluminium imports ordered by US President Donald Trump. "I deeply regret the US decision to impose tariffs on European steel and aluminium exports,

European officials criticized trade wars as bad for businesses and consumers on both sides but insisted they would safeguard their own interests.