The United States is going forward with implementing steel and aluminum tariffs on imported products from the European Union, after last-ditch negotiations in Paris collapsed. The punitive measures come into effect as of midnight on Friday.
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.
The EU has slammed US President Donald Trump's plans to raise tariffs of up to 25 percent on imported cars. 'A solution in search of a problem' is how EU trade commissioner Cecilia Malmstrom put it.
US President Donald Trump has hit out again at US trading partners, indicating he is ready to impose tariffs on every product imported from China into America. Trump also ramped up attacks on the EU and Federal Reserve.
The trade conflicts between the US and several of its biggest partners are escalating. Among those wary of the consequences are American companies and thousands are scrambling to be made exempt from certain tariffs.
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