Here's How the EU Will Punch Back Against Trump Trade Tariffs
- U.S. tariffs on steel, aluminum may be imposed at midnight
- EU prepared to retaliate against core American products
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President Donald Trump will decide by midnight Monday if the U.S. will slap permanent aluminum and steel tariffs on the European Union, inflaming trans-Atlantic tensions and raising the chances of a global trade conflict.
Washington imposed a 25 percent tariff on steel and 10 percent on aluminum products on March 23, saying the imports threatened national security. The EU, Australia, Argentina, Brazil, Canada, Mexico and South Korea were given temporary waivers, which are slated to expire on May 1.