EU plans to hit back if Trump imposes his tariffs

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.

American products that would be hit by tariffs would include iconic brands such as Harley-Davidson motorcycles, Levi's jeans and bourbon …