Though Beijing’s actions so far are seen by analysts as measured, there may be more to come.

The EU has been scrambling for a waiver while warning that a failure to gain one would lead to a tit-for-tat response on imports of U.S. goods.

The action would “trigger a chain reaction of negative consequences for the U.S. economy,” the organizations said.

“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.

Can manufacturers, LNG industry are among groups that will seek exemptions to the steel and aluminum tariffs.

Exempting some nations marks a compromise from Trump’s initial plan for across-the-board tariffs.

Companies with lean, agile supply chains will best be able to respond to any negative fallout from Trump's import tariffs.

Manufacturers can expect that new regulatory burden will remain relatively low.