The Trump administration has increased tariffs on steel and aluminum that have now jumped to 50%. The increased levies are likely to hit exporters like Canada and Mexico hard. And, they will also have an impact in the European Union where tensions over tariffs and trade with the U.S. are already high.

To discuss:

• Klaus Larres is Distinguished Professor of History and International Affairs at the University of North Carolina, Chapel Hill.
• Anthony Chan is a former Chief Economist at JPMorgan Chase & Company.
• Pieter Cleppe is Editor-in-Chief of BrusselsReport-EU.
• Joel Rubin is a former U.S. Deputy Assistant Secretary for House Affairs.