Trade War Risk Alive as EU Talks Tough on Trump's Tariffs
- EU’s Malmstrom says no U.S. sign of longer metal-levies waiver
- Europe demands permanent exemption from steel, aluminum duties
Will There Be a Trade War?
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European Union Trade Commissioner Cecilia Malmstrom said the U.S. has offered no signal it’ll prolong a waiver for the bloc from controversial metal tariffs, highlighting the persistent risk of a trans-Atlantic trade war.
Malmstrom said she’s still pressing U.S. Commerce Secretary Wilbur Ross for a permanent EU exemption from the levies on foreign steel and aluminum that President Donald Trump imposed last month on national-security grounds. He granted a waiver to the 28-nation bloc until May 1 and left open the possibility of a longer exclusion.