May 31, 2018
The Trump administration is expected to hit the European Union with steep tariffs on steel and aluminum, the Wall Street Journal reported on Wednesday.
EU trade officials have spent the past couple of months trying to work out an agreement to stave off the tariffs and earn the 28-nation bloc an exemption.
But those efforts appear to have failed with the U.S. planning to slap the hefty tariffs on a key ally.
In March, President Trump announced that the United States would levy tariffs of 25 percent on imported steel and 10 percent on aluminum for national security reasons.
This article was posted: Thursday, May 31, 2018 at 6:26 am