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Trump's decision to impose punitive tariffs presents a profound challenge to the global economy and forces every country to decide whether they want to come together and cooperate or go it alone, says DW's Henrik Böhme.
Hours ahead of the signing of trade tariffs on steel imports, President Trump has insisted he doesn't want a trade war. Washington is set to soften the blow of its new penalties with exemptions for certain countries.
US President Donald Trump has suggested Canada and Mexico could win exemptions to his planned tariffs on steel and aluminum if they agree to a new free trade deal. Ottawa said this was "absolutely unacceptable."
The US will reportedly spare Mexico, Canada and possibly others from tariffs, under national security "carve-outs." The tariff bill will likely be signed on Thursday or Friday and will go into effect two weeks after.
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