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Russian (RU) The European Union says it will impose counter-measures on €26bn (£21.9bn, $28.3bn) worth of US goods in response to President Donald Trump's tariffs on steel and aluminium. Mr Trump's tariffs, which came into effect overnight, mean that US businesses wanting to bring steel and aluminium into the country will have to pay a 25% tax on them. He hopes the tariffs will boost US steel and aluminium production but critics say it will raise prices for US consumers and dent economic growth. Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit: www.bbc.com/news #Tariffs #BBCNews
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6 hours ago
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Trade war escalates as US metal tariffs take effect | BBC News
The European Union says it will impose counter-measures on €26bn (£21.9bn, $28.3bn) worth of US goods in response to President Donald Trump's tariffs on steel and aluminium. Mr Trump's tariffs, which came into effect overnight, mean that US businesses wanting to bring steel and aluminium into the country will have to pay a 25% tax on them. He hopes the tariffs will boost US steel and aluminium production but critics say it will raise prices for US consumers and dent economic growth. Subscribe here: http://bit.ly/1rbfUog For more news, analysis and features visit: www.bbc.com/news #Tariffs #BBCNews
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