The European Union is preparing “countermeasures” against the United States if the two sides cannot reach a deal after surprise U.S. tariffs on steel rattled global markets and complicated the ongoing

The European Union is preparing “countermeasures” against the United States if the two sides cannot reach a deal after surprise U.S. tariffs on steel rattled global markets and complicated the ongoing negotiations between Brussels and Washington.

The European Union criticized U.S. President Donald Trump's move to hike tariffs on steel imports, saying it "adds further uncertainty to the global economy." Trump announced Friday he was doubling tariffs on steel imports to 50% from 25%.