EU reveals proposed steps against Trump's metal tariffs [CNBC]
Barclays PLC (BCS)
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Source: CNBC
Juan Mabromata | AFP | Getty Images EU Trade Commissioner Cecilia Malmstrom. This is a breaking news story, please check back later for more. U.S. products could face new import duties from Europe if President Donald Trump presses ahead with plans to impose tariffs on metals. Trump said last Thursday that the U.S. would be imposing a 25 percent tariff on steel imports and 10 percent on aluminum, aiming to foster production in the United States. The announcement, which has received some criticism from within the president's party, has raised concerns all over the globe over a potential trade war. The European Union is the first trade partner to present a list of specific tariffs against U.S. products, if Trump moves ahead with steel and aluminum charges. However, Canada has vowed to come up with its own countermeasures. Mexico, China and Brazil have also said they are considering steps to retaliate. Last weekend, European Commission Pr
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