The steel and aluminum dispute between the United States and Europe is escalating. The European Union said negotiations are still on track, but they are preparing countermeasures.

Chinatong Finance APP learned that after meeting with US Trade Representative Jameson Greer, European Commissioner for Trade Maro efovi stated that although the new tariffs imposed by the US on steel and aluminum products are not conducive to maintaining momentum in negotiations, trade talks between the EU and the US are progressing in the "right direction".