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Trump imposes Steel and Aluminum tariffs, multiple European countries respond strongly: they will not hesitate to retaliate!
On the 10th local time, US President Trump signed an executive order announcing a 25% tariff on all Steel and Aluminum imported to the USA; This move sparked a wave of retaliation warnings from America's European trading partners; Many analysts view Trump's tariffs as a negotiating tool to force other countries to make concessions.
Trump's 25% Tarrifs A 'Self-Inflicted Wound,' Says Economist Amid Warnings Of Fewer American Jobs — Peter Schiff Says You'll Pay More For Cars And Homes
Historical review: What happened after Trump implemented Steel and Aluminum tariffs in 2018?
① Trump announced the reintroduction of Steel and Aluminum tariffs; ② After the introduction of Steel and Aluminum tariffs during Trump's first term, there was a swift retaliatory response from Global trade partners, which ultimately affected domestic manufacturers, and the United States Steel Infrastructure did not rebound as expected; ③ Following that round of impacts, the methods of retaliating against the 'Trump tariffs' by major trade partners of the United States have become increasingly diverse.
