EU braces for US tariffs on steel and aluminum – T-Mobile US and Sprint agree to merge
Donald Trump's threat of auto tariffs has finally spurred EU leaders into action on a new trade deal with Washington. As the US president seeks reelection next year, will Europe hold more clout in upcoming negotiations?
Punitive tariffs! Trade war! Dissonant bells are ringing from both sides of the Atlantic. Despite the hullabaloo, Trump's tariffs will neither save the US steel industry nor sink that of Europe, says DW's Henrik Böhme.
In the wake of US tariffs on steel and aluminum, the EU has made several counter moves and has now raised tariffs of its own on steel imports which exceed quotas based on current levels.
American-German businessman Martin Richenhagen is far from happy about the Trump administration's aggressive trade policies. "We are surprised on a daily basis by strange initiatives," he told DW.
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