French President Emmanuel Macron says that the EU would impose "reciprocal" tariffs on US steel and aluminium if President Donald Trump moves ahead with the threatened 25 percent duties on European imports.

While Vietnam is not the largest exporter of steel and aluminium to the US, domestic businesses will still face significant challenges due to this policy.

Jim Chalmers will advocate for Australia to be exempt from Donald Trump’s sweeping 25 per cent tariffs on steel and aluminium imports when he meets with his US counterparts in Washington DC.

The Commercial Counsellor and Head of the Vietnam Trade Office in the US pointed out that US producers have yet to meet domestic steel demand fully, leaving room for Vietnam’s exported steel and aluminium products in the market.

French President Emmanuel Macron announced that the EU will impose reciprocal tariffs on US steel and aluminium if President Trump implements the threatened 25 percent duties. Macron emphasized the need for Europe to protect and defend itself,

The French president insisted that 'Europeans will have to respond' to his American counterpart's threat to hit the European Union with 25% tariffs.