President Donald Trump’s decision to increase tariffs on steel imports was denounced by the European Union on Saturday, claiming that it “undermines” attempts to find a “negotiated solution” in the current trade war.

“We unequivocally lament the reported increment of U.S. taxes on steel imports from 25% to 50%,” an EU representative said in a articulation to NBC News. 

“This choice includes advance instability to the worldwide economy and increments costs for buyers and businesses on both sides of the Atlantic,” the representative proceeded. 

The representative included that the EU is “ready to force countermeasures, counting in reaction to the most recent U.S. duty increment.” 

Trump on Friday reported that he arranged on multiplying duties on steel imports to 50% from 25%, expanding the weight on producers subordinate on mechanical metals for generation. 

The modern consequence obligations are set to go into impact June 4. 

His declaration, made at a rally at U.S. Steel in Pennsylvania, came after the president signaled prior this month that he would endorse a disputable bargain between Nippon Steel and U.S. Steel. 

Trump highlighted an “assention” between Nippon and U.S. Steel amid the Friday rally, but said that the bargain was not however last. 

He said that there will be no cutbacks and “no outsourcing at all” due to the bargain. 

The EU, which said that it had stopped its countermeasures against the U.S. on April 14 “to permit time and space” for arrangements, said it is ready to instate those measures “in the event that no commonly satisfactory arrangement is come to .

“The European Commission is as of now finalizing interviews on extended countermeasures,” the representative said. “In case no commonly worthy arrangement is come to, both existing and extra EU measures will consequently take impact on 14 July — or prior, on the off chance that circumstances require.” 

The Joined together Steelworkers union (USW) moreover criticized Trump’s declaration and said it may be a “coordinate assault on Canadian businesses and laborers.” 

“Thousands of Canadian employments are on the line and communities that depend on steel and aluminum are being put at chance,” Marty Warren, Joined together Steelworkers National Chief for Canada, said in a explanation. 

“Canada must react quickly and unequivocally to guard laborers.”