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All tagged Trump Tariffs
British Steel has said US President Donald Trump's tariffs on the sector were partly to blame for the Scunthorpe plant's difficulties.
Beijing's retaliation sparked fresh market volatility, with stocks seesawing, gold prices surging and US government bonds under pressure.
"There's a wide range of countermeasures ," von der Leyen said, if talks yielded no result.
"Trade agreements are better than trade tariffs," said Costa, who heads the European Council representing EU states.
Beijing has consistently opposed tariff rises and said Wednesday it would take "firm and forceful" steps to protect its interests.
As the world reels from US President Donald Trump's tariffs onslaught, here is a look back at some major trade wars since the 19th century:
Trump's tariffs have roiled global markets, with trillions of dollars wiped off combined stock market valuations in recent sessions.
Losses in US financial markets were estimated at more than $6 trillion since Trump unveiled his "Liberation Day" tariffs.
Trump's tariffs are almost certain to negatively impact this dynamic, say economists who see the levies lifting the price on everything from Gap t-shirts to the Apple iPhone to French wine.
European markets ended the day sharply lower, with Frankfurt and London sinking nearly five percent.
The impact of the announced tariffs on the Swiss economy remains difficult to assess, but Parmelin said "one should not expect Switzerland to go into recession".
The panic came after the US president unveiled a blitz of harsher-than-expected levies aimed at countries he said had been "ripping off" the United States for years.
But critics say US businesses and consumers could bear the burden if importers pass on the cost, adding that the policy could increase risks of a recession.
After imposing a blanket 10 percent tariff on all Chinese goods in early February, Trump hiked the rate to 20 percent last week.
Markets fell in Asia and Europe in response to what analysts said were the steepest tariffs on imports since the 1940s.
