The EU and the US are heading towards a trade conflict. US Trade Representative Jamieson Greer reacted with sharp criticism on Wednesday to the EU Commission’s announcement that it would retaliate against the new US steel and aluminum tariffs. „If the EU had acted as quickly to eliminate global overcapacity as it is doing to punish the United States, we would probably be in a different situation today,“ Greer said. The reaction is a further indication that the EU’s trade and economic policy is „not compatible with reality.“