The European Commission is investigating whether to tighten its current system of quotas on steel imports to protect EU producers from new tariffs U.S. President Donald Trump plans to impose on incoming steel and aluminium on March 12.

Trump slapped similar tariffs on EU steel and aluminum during his first term, which enraged European and other allies. The EU

U.S. Vice President JD Vance on Tuesday said he would discuss trade and economic issues with European Commission President Ursula von der Leyen, after Washington decided to impose tariffs on all steel and aluminium imports and stirred fears of a trade war.

The European Union's executive branch on Friday vowed to “take firm and immediate action" against U.S. President Donald Trump’s imposition of tariffs on steel and aluminum. The European Commission said in a statement that Trump’s proposed “reciprocal” trade policy goes “in the wrong direction.

The European Union has vowed to take firm and proportionate countermeasures in response to U.S. President Donald Trump’s imposition of tariffs on all steel and aluminum imports.