The European Commission (EC) issued a sharp critique on Saturday following the United States' decision to significantly increase tariffs on steel imports from 25 percent to 50 percent. This move by the U.S. has prompted warnings from the EC about potential swift retaliatory measures from Europe, escalating concerns over international trade stability.

According to a statement from a Commission spokesperson, the EC "strongly regret[s] the announced increase." The spokesperson highlighted the negative implications of the U.S. action, stating that the decision "adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic."

The announcement of the tariff hike came from U.S. President Donald Trump on Friday. He declared his intention to double the tariffs on both steel and aluminum imports to 50 percent. In a post made on his Truth Social platform, President Trump specified that the new, higher tariff rate would become effective on June 4. This follows the Trump administration's earlier imposition of broad 25 percent tariffs on all steel and aluminum imports on March 12, a measure that had already drawn considerable criticism, notably from the U.S. auto industry.

The European Commission views the latest U.S. tariff increase as detrimental to ongoing efforts to find a negotiated resolution to trade disputes. The EU had previously paused its own countermeasures in April, creating space for dialogue. However, the recent U.S. announcement has shifted the EU's stance towards a more assertive response.

"The EU is prepared to impose countermeasures, including in response to the latest US tariff increase," the spokesperson confirmed. The Commission is reportedly in the final stages of consultations regarding expanded retaliatory measures. These measures, encompassing both existing and new actions, are slated to take effect on July 14, or potentially earlier "if circumstances require."

Reaffirming the EU's commitment to its economic interests, the EC spokesperson stated, "The Commission has been clear about its readiness to act in defence of EU interests -- protecting our workers, consumers and industry."

Historically, the initial 25 percent tariffs imposed by the Trump administration on March 12 elicited immediate reactions. Canada, for instance, implemented retaliatory measures without delay. The European Union had also announced counter-tariffs at the time but subsequently withdrew them, presumably in an effort to de-escalate and foster negotiations, a path now seemingly obstructed by the new U.S. tariff policy.