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

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Trade war inches closer in US-China tariff clash

US President Donald Trump has signed a tariff on Chinese goods into force. According to the US president, China's trade surplus is "out of control." Restrictions on trade could trigger severe negative consequences for global trade, warns Maersk.

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