EU threatens countermeasures over Trump’s doubling of steel and aluminum tariffs

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Open this photo in gallery: U.S. President Donald Trump at U.S. Steel Corporation–Irvin Works in West Mifflin, Penn., on Friday.Leah Millis/Reuters The European Commission said on Saturday that Europe was prepared to retaliate against U.S. President Donald Trump’s plan to double tariffs on imported steel and aluminum, raising the prospect of an escalating trade fight between two of the world’s largest economic powers. Trump’s announcement on Friday that he would increase tariffs on imported steel and aluminum to 50% from 25%, intensifies his global trade war and came just hours after he accused China of violating an agreement with the...