President Donald Trump’s 25% tariffs on steel and aluminum imports came into force Wednesday, triggering a reprisal from the European Union as the global trade war enters a new and risky phase.
President Trump's 25% tariffs on steel and aluminum imports took effect, prompting retaliatory measures from the EU and Canada, and calls for negotiations. Asian producers held off on immediate retaliation, while China summoned Walmart after reports of the retailer urging Chinese suppliers to absorb higher costs. The EU and Canada announced countermeasures targeting billions of dollars worth of US exports. The tariffs have raised concerns about job losses and higher prices, despite Trump proceeding despite lobbying efforts.
