The European Union rebuffed US allegations that it’s contributing to global market overcapacity, and vowed to respond “firmly and proportionally” if Washington imposes tariffs that breach a trade deal with the bloc.
“The sources of such overcapacity are well identified, and they do not lie in Europe,” said Olof Gill, a spokesperson for the European Commission, the EU’s executive arm.
The commission’s comments come hours after the US launched a probe into major trading partners, including the EU and China. Washington’s goal is to replace President