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US steel, aluminum tariffs the wrong move, EU Commission says as it outlines counter plans

( March 7, 2018, 12:45 GMT | Official Statement) -- MLex Summary: The EU is ready "to react proportionately and fully in line with the World Trade Organization rules" if the US goes ahead with threatened punitive tariffs on steel and aluminum imports, the European Commission said today. They would threaten thousands of jobs in Europe, it said, adding that it is hoping that the bloc would be exempted. Protectionism can't solve the steel sector's global overcapacity problem, cooperation is needed, trade commissioner Cecilia Malmström said, and the EU remained ready to keep working together with the US.Full statement follows:...

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