ArcelorMittal boss says EU must respond further to Trump's steel tariffs

ArcelorMittal boss says EU must respond further to Trump's steel tariffsEurope urgently needs to take further measures to offset the impact of import tariffs imposed by U.S. President Donald Trump, the chief executive of steelmaker ArcelorMittal told a German newspaper in an interview published on Wednesday. The European Commission is currently reviewing its “safeguard” measures designed to limit incoming steel and prevent a surge of imports as a result of Washington’s 25% import tariffs, which have effectively closed the U.S. market. “The EU has announced safeguard measures but they weren’t effective,” Chief Executive Lakshmi Mittal told Frankfurter Allgemeine Zeitung.