Source: BLOOMBERG, 7/16/18


The Trump administration is hitting back at what it considers unjustified retaliatory tariffs that were imposed in response to U.S. steel and aluminum duties. The U.S. Trade Representative said it launched formal challenges at the World Trade Organization on Monday against China, the European Union, Canada, Mexico and Turkey for retaliating against steel and aluminum tariffs. The Trump administration earlier this year imposed 10 percent duties on aluminum and 25 percent on steel after finding imports of the metals pose a risk to national security.

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