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U.S. Allies Hit Back as Trump Revokes Steel Tariff Reprieve

  • Decision comes hours before temporary exemptions would expire
  • U.S. says it wants further talks with EU, Canada and Mexico
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Half of Europe’s U.S.-bound steel will need a new market, Eurofer says.(Source: Bloomberg)
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America’s closest allies plan to slap billions of dollars in tit-for-tat tariffs on U.S. goods after the Trump administration announced it’s imposing steel and aluminum duties on them.

The reaction was swift after Commerce Secretary Wilbur Ross announced the U.S. on Friday will levy new metals duties on imports from the European Union, Mexico and Canada on national security grounds, ending their temporary exemptions.