EU plans to hit back if Trump imposes his tariffs
EU official says the goods will be chosen to match the potential export slide as a result of the US tariffs
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London
THE planned retaliation by the European Union (EU) against US President Donald Trump's proposed tariffs is a warning that the global economy is at risk of a trade war.
To the American leader's proposal of 25 per cent tariffs on steel products, 10 per cent on aluminium products and potential levies on German and French autos, the EU plans to hit back by imposing levies totalling 2.8 billion euros (S$4.5 billion) on US agriculture, steel and industrial products, an official disclosed.
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