EU said to begin probe into possible 'safeguard' protection for steel - Bloomberg

Bloomberg reports the latest headlines out from Europe on the US tariffs, citing that the European Union (EU) is planning to begin probe into possible 'safeguard' protection for steel from the trade tariffs.

The EU inquiry is a part of an announced 3-pronged reply to US tariffs, Bloomberg adds. Recall that the EU was offered temporary exemption from the US trade tariffs until May 2^nd.