“The bigger concerns are retaliatory tariffs against U.S. exports, the possibility of a broader trade war, higher costs and greater uncertainty for global business investment.”
The latest spat comes as disputes over areas ranging from climate change to Middle East policy strain the bonds holding together the world’s closest political and military alliance.
The EU has become increasingly exasperated with Trump’s “America First” agenda.
Exempting some nations marks a compromise from Trump’s initial plan for across-the-board tariffs.
The exclusions would end if the countries failed to reach an updated NAFTA agreement with the U.S., according to the White House trade advisor.
U.S. Steel Corp. said it would restart one of two blast furnaces and the steel-making facilities at its Granite City Works in anticipation of increased demand.
We have been losing this trade war, and it’s about time that we stood up and fought back.
“It’s an incentive to get a deal,” said U.S. Trade Representative Robert Lighthizer.