Trump tariffs on steel and aluminium come into effect, sparking EU retaliation

US President Donald Trump’s 25 p.c tariffs on all imports of metal and aluminium got here into impact on Wednesday, with none exemptions for the nation’s conventional allies. The import duties have been welcomed by some American metallic producers who need safety in opposition to what they consider is unfair competitors. The European Union has vowed to retaliate with its personal measures focusing on 26-bn euros price of US items coming into the frequent market. Additionally, fears of a recession rattle world inventory markets.



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