European shipowners are ‘greatly concerned’ with U.S President Donald Trump’s choice to enforce extra tolls on specific imported steel as well as aluminium items right into the United States, the European Community of Shipowners’ Association (ECSA) stated Tuesday.

President Donald Trump recently authorized an order to enforce responsibilities on imported steel as well as light weight aluminum in spite of movie critics issues that such tolls can cause a full-on profession battle.

“This protectionist decision of imposing 25% import duties on steel and 10% on aluminium will obviously have a negative impact on transatlantic relations and on global markets”, stated Martin Dorsman, ECSA’s Secretary General.

“The European Shipping Community is concerned with this development and the potential of full-scale trade war. It is clear that the tariffs might leverage to other products as we have already heard from the EU leaders’ responses. A full scale trade war will benefit nobody”, Dorsman included.

European shipowners manage around 40% of the globe’s vendor fleet, according to the ECSA, running delivery solutions around the globe. In reality, for several delivery business, most of their profession task in fact takes place beyond the European Union in between non-EU nations, like the Far East as well as Latin America, in supposed “cross trades”.

For this factor, the ECSA states that European shipowners are “greatly concerned” concerning the suggested tolls.

“European shipowners call US and the counterparts to respect the principles of free trade and prevent a full scale trade war”, wrapped up Dorsman.