The U.S. announced Thursday it is imposing levies on steel and aluminum imports on some of its major allies and major trading partners.
What’s the impact and the global reaction?
The European Union, Canada and Mexico are now faced with 25 percent import tariffs on steel and 10 percent on aluminum beginning Friday in the United States. The longtime U.S. allies have reacted strongly, and retaliatory measures are already being planned. Meanwhile, there is growing concern about the overall impact all of this will have on the global economy and international trade.
CGTN’s Nathan King repots.
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- Einar Tangen is a Current Affairs Commentator.
- Tony Payan is a Fellow and Director at the Mexico Center at Rice University.
- Maxime Larivé is a Research Associate at the EU Center of Excellence at the University of Miami.
- Stephen Moore is a former-senior economic adviser to the Donald Trump Campaign for President and a Distinguished Visiting Fellow at The Heritage Foundation.
The US to put tariffs on steel and aluminium made by key allies, a move France says is "unjustifiable and dangerous" https://t.co/RuuMpmGgNJ
— BBC Breaking News (@BBCBreaking) May 31, 2018
The Trump administration announced Thursday it will impose tariffs on steel and aluminum imports from Europe, Mexico and Canada after failing to win concessions from the American allies.