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6/15/18

EU nations back retaliating against U.S. steel tariffs - by Philip Blenkinsop

European Union countries on Thursday unanimously backed a plan to impose import duties on 2.8 billion euros ($3.3 billion) worth of U.S. products after Washington hit EU steel and aluminum with tariffs at the start of June, EU sources said.

The European Commission has also launched a legal challenge against the U.S. tariffs at the World Trade Organization. In addition, it is assessing the need for measures to prevent a surge of imports of steel and aluminum into Europe as non-EU exporters divert product initially bound for the United States.

Read more" EU nations back retaliating against U.S. steel tariffs | Reuters

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