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EU preparing for trade war with US after tariff announcement

The EU could be ready to present a response already next week to the US' planned tariffs on aluminum and steel. Steel manufacturers expect that exports to the US could be cut in half. Transport stocks such as Maersk and DSV are down following the announcement.

Photo: Markus Schreiber/AP/POLFOTO

BRUSSELS/COPENHAGEN

"We will not sit idly while our industry is hit with unfair measures that put thousands of European jobs at risk."

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