The European Commission, which enforces laws created by the 27-nation European Union (EU), announced on Saturday that it "strongly regrets" President Donald Trump's decision to double steel tariffs from 25% to 50%.
The Commission lambasted Trump for adding "further uncertainty to the global economy" and for increasing "costs for consumers and businesses on both sides of the Atlantic," Reuters reported. The president has insisted companies and foreign nations will pay his ever-changing tariffs despite economists arguing the taxes, which are paid by domestic importers, typically get passed on to consumers.
