US Allies Hit Back At Washington's Steel, Aluminum Tariffs
Canada and Mexico retaliated on Thursday after Washington imposed tariffs on steel and aluminum imports while the European Union had its own reprisals ready to go, reviving investor fears of a global trade war.
Germany's Economy Minister said early on Friday the EU might look to coordinate its response with Canada and Mexico.
The tariffs, announced by Commerce Secretary Wilbur Ross, ended months of uncertainty about potential exemptions and suggested a hardening of the US approach to trade negotiations.
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