European Commission signals retaliation on US steel and aluminium tariffs

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This week sees the introduction of global US tariffs on steel and aluminium imports as the Trump administration seeks to bolster US production at the cost of a trade war.

According to the Council on Foreign Relations (CFR), US domestic steel mills produce roughly three-quarters of what the country needs. However, industries including automotive, aerospace, energy and construction, rely on foreign sources for specific types of steel that can withstand extreme temperatures and pressures.

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