Europe digs in to fight global trade war against Trump
Excerpt: Europe is facing an all-out trade war, and Donald Trump is not the only adversary. By slapping steep tariffs on America’s imports of steel and aluminum, the U.S. president on Thursday ignited a global war that is likely to bring Europe into conflict with countries ranging from Brazil to Japan. As the world’s biggest trade bloc and the second biggest steel producer after China, the EU will play a key role in the impending struggle. Direct retaliation against Washington will only be one dimension of the broader showdown. The far more complex challenge for Brussels will be calculating how to cope with the sudden shifts in global steel supply caused by Trump pulling down the trade barriers in the U.S. (This will not end well. ~Bob)
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