The EU is “ready to take countermeasures” against U.S. steel or aluminum tariffs due under the section 232 review. That’s not a big surprise, and repeats comments made by Trade Commissioner Cecilia Malmstrom in June 2017. The EU is significant supplier of the products under review, accounting for $7.3 billion of shipments to the U.S. in 2017, or 16% of the total. While the European Commission has primacy in deciding trade policy, it’s worth noting that Germany is the most exposed country. It exports to the U.S. totaled $2.1 billion, led by flat steel and stainless steel products. The ...