US Commerce Sec Ross: Upto the EU to decide if it wants to take retaliatory measures

Reuters reports comments from the US Commerce Secretary Wilbur Ross, delivered said in an interview published by daily Le Figaro on Thursday.

Key Quotes:

“We don’t want a trade war (with the European Union).” 

“(It’s) up to the European Union to decide if it wants to take retaliatory measures. The next question would be: how will the (U.S President Donald) Trump react? You saw his reaction when China decided to retaliate.”

“If there is an escalation it will be because the EU would have decided to retaliate.”

He said the US decision on import tariffs on EU steel and aluminum will be announced on Thursday either before markets open or after markets close.