The European Union has announced it will counter any tariffs imposed by the United States, raising concerns of a potential trade war between the world's two largest economic blocs. The US has declared a 25% duty on all steel and aluminum imports and plans to match tariffs currently in place by other nations. This escalation threatens the extensive bilateral trade relationship between the US and EU, the largest globally, with officials warning of significant economic repercussions on both sides of the Atlantic.
William Denselow reports from Brussels.
Reference(s):
cgtn.com
