The European Union's executive branch has pledged to take immediate action against U.S. President Trump's recently imposed tariffs on steel and aluminum, describing the tariffs as unjustified and harmful to free trade. The EU Commission highlights existing low tariffs in the EU, arguing the U.S. is ineffectively taxing its own citizens and disrupting global markets. Concerns also mount for UK businesses facing potential tariffs, particularly in light of VAT inclusion in U.S. calculations. Analysts predict possible tariffs of 20% or more, affecting key sectors. The EU plans to respond with firm, yet unspecified, countermeasures against U.S. tariffs.