Washington | Donald Trump’s 25 per cent tariffs on steel and aluminum imports came into force on Wednesday, triggering a reprisal from the European Union as the global trade war enters a new and risky phase.
The latest US tariffs, which were applied without exemptions, kicked in after a tumultuous day at the White House. The US president threatened to double the metals tariffs on Canada to 50 per cent, only to back off when Ontario agreed to drop plans to impose a surcharge on electricity sent to America — all while downplaying the risk of a tariff-led recession that has sent US markets plunging.
