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Trade Tensions Rise as EU Prepares Retaliation Against U.S. Tariff Hike

The European Union has strongly condemned President Donald Trump's decision to double tariffs on imported steel and aluminum, warning of swift countermeasures that could escalate global trade tensions. Announced Friday near Pittsburgh, Trump raised existing steel and aluminum tariffs from 25% to 50%, aiming to protect U.S. industry and bolster a $14.9 billion Nippon Steel–U.S. Steel deal. The European Commission responded sharply, calling the move a threat to transatlantic economic stability and global supply chains. “This decision adds further uncertainty to the global economy and increases costs for consumers and businesses on both sides of the Atlantic,” a spokesperson said. The EU is finalizing consultations on expanded retaliatory tariffs, set to take effect by July 14 unless a negotiated solution is reached. The reaction from global trade partners was swift. Canada’s Chamber of Commerce criticized the tariffs as a threat to North American economic security, while Canada’s Uni...
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U.S. and U.K. Set to Announce Landmark Trade Deal Amid Tariff Negotiations


The United States and Britain are expected to unveil a trade agreement today, marking a significant step in economic relations between the two nations. President Donald Trump has described the deal as "full and comprehensive," emphasizing its role in strengthening ties between the U.S. and U.K.. 

While specific details remain undisclosed, the agreement is anticipated to provide tariff relief for key industries, including car manufacturing and steel exports. British Prime Minister Keir Starmer has been engaged in negotiations to secure favorable terms, particularly in reducing the 25% import tax imposed on U.K. steel and automobiles. 

This deal represents the first bilateral trade agreement since Trump initiated sweeping tariffs on imports in an effort to boost domestic manufacturing. The U.K. has sought exemptions for pharmaceuticals, while the U.S. aims to expand access to British markets for agricultural products. However, British officials have maintained that food standards will not be compromised, ruling out imports of chlorine-rinsed chicken and hormone-treated beef. 

The announcement is expected to be made by Trump from the Oval Office at 10 a.m. EDT, with Starmer delivering his own statement around the same time. As negotiations continue, both leaders are positioning this agreement as a milestone in economic cooperation, with Trump hinting at further trade deals in the near future. 


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