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US on brink of trade war with EU, Canada and Mexico as tit-for-tat tariffs begin

12:05 AM

Trump administration goes ahead with threatened tariffs on steel and aluminium as allies pledge to hit back

The United States and its traditional allies are on the brink of a full-scale trade war after European and Canadian leaders reacted swiftly and angrily to Donald Trump’s decision to impose tariffs on steel and aluminium producers.

Related: Stock markets down as Trump imposes tariffs on allies – business live

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