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 The European Union is preparing to strike back if Trump starts a trade war over steel

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RR Phantom

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The European Union is preparing to strike back if Trump starts a trade war over steel Vide
PostSubject: The European Union is preparing to strike back if Trump starts a trade war over steel   The European Union is preparing to strike back if Trump starts a trade war over steel Icon_minitimeSat Jul 08, 2017 11:59 pm
The European Union is considering retaliatory tariffs against the US if President Donald Trump follows through on his plan to impose restrictions on the imports of steel.

The European Union is preparing to strike back if Trump starts a trade war over steel 9b8acf06f5b5509776624a01e527c463

According to Shawn Donnan at the Financial Times, EU officials are considering tariffs on agricultural products including orange juice, whiskey, and dairy if Trump follows through with a steel tariff.

The EU is not a large importer of steel from the US, so the measure focuses more on goods that the EU brings in from the US, according to the report.

This is just the second move in what analysts fear could be a series of retaliatory actions leading to a slowing of international trade, which could have a serious drag on the US economy.

https://au.finance.yahoo.com/news/european-union-preparing-strike-back-022600294.html
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