The planned US tariffs on steel imports are a thorn in the side of the European Steel Association. Eurofer Director General Axel Eggert tells DW the duties' impact on the European Union may be devastating.
US carmaker General Motors (GM) has announced 14,000 job cuts and the closure of several plants worldwide, including four in the US. President Donald Trump is furious, but he's partly to blame, says DW's Henrik Böhme.
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.
German and EU politicians are threatening tit-for-tat import tariffs to retaliate against the US president's plan to impose a 25-percent duty on EU steel. The EU is aiming to tax Harley Davidsons and bourbon whisky.
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