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US on brink of trade war with EU, Canada and Mexico as tit-for-tat tariffs begin

Jean-Claude Juncker pledges retaliation as EU companies face 25% tariffs on steel and 10% on aluminiumTrump imposes tariffs business live The United States and its traditional allies are on the brink of a full-scale trade war after European and Canadian leaders reacted swiftly and angrily to Donald Trumps decision to impose tariffs on steel and aluminium producers. The president of the European commission, Jean-Claude Juncker, promised immediate retaliation after the US commerce secretary, Wilbur Ross, said EU companies would face a 25% duty on steel and a 10% duty on…

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Headlines 

Ex-Trump adviser sold $31m in shares days before president announced steel tariffs

Carl Icahn sold $31.3m of shares in a company dependent on steel imports days before the commerce department mooted stiff tariffs on imports Carl Icahn, a former special adviser to Donald Trump, sold $31.3m of shares in a company heavily dependent on steel imports last week, shortly before Trumps announcement of new tariffs sent its shares plummeting. Icahn, a billionaire investor who was a major Trump supporter, started selling shares in the crane and lifting equipment supplier Manitowoc Company on 12 February, days before the commerce department first mooted Think…

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