European leaders said they would respond firmly to higher levies on steel and aluminum, but they had yet to say what that retaliation would look like.

European Commission President Ursula von der Leyen on Tuesday vowed "firm and proportionate countermeasures" in response to U.S. President Donald Trump's decision to impose tariffs on all steel and aluminium imports,

Good morning. The EU pushes back against Trump’s latest tariff move. Hedge funds are pocketing a big chunk of their clients’ gains. And LA loves Luka Doncic. Listen to the day’s top stories.