European Union member states voted Wednesday to approve retaliatory tariffs on $23 billion in goods in response to President Trump’s 25% tariffs on imported steel and aluminum, as the largest U.S. trading partner described them as “unjustified and damaging.

Imported steel and aluminum already subject to a 25% tariff are excluded from President Trump's new levies, providing some relief for metal buyers that would have faced significantly higher prices, but the new tariffs nevertheless will raise the cost of raw materials for steelmakers that operate electric arc furnaces,

The Trump administration has expanded its tariffs on aluminum to include canned beer imports and empty aluminum cans. President Donald Trump is expected to announce sweeping new levies on imported goods at a Rose Garden event Wednesday.