EU, Canada & Mexico Threaten Tariffs To Retaliate Against US

The Trump administration's latest move to impose tariffs on steel and aluminum imports from the U.S.'s biggest strategic and trade partners has touched off a barrage of criticism and retaliation.

Commerce Secretary Wilbur Ross said Thursday that the U.S. will impose tariffs of 25 percent on steel and 10 percent on aluminum for imports from the European Union, Canada and Mexico just after midnight on Friday. Europe, along with Canada and Mexico had been granted a temporary reprieve since President Trump first announced the tariffs in March.

The administration is taking the action under a relatively obscure U.S. trade law intended to protect national security. Many prominent Republicans have criticized the administration's aggressive use of that justification, saying its trade actions will hurt the U.S. economy.

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