EU 'Made in Europe' fund risks transatlantic trade clash over steel and supply chains

The EU is advancing a single fund for strategic projects under a 'Made in Europe' initiative, which has become a point of contention with the US. The standoff threatens to escalate into a new trade battle, potentially involving US steel tariffs and broader supply chain disputes. The outcome is uncertain, but the risk of retaliatory measures and disruption to transatlantic trade is rising.