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Trump steel tariffs: IMF warns plan would hurt US

BBC News

The International Monetary Fund (IMF) has joined criticism of Donald Trump's plan to impose a 25% tariff on steel imports and 10% on aluminium. The body warned that such a move would hurt the US as well as other countries. It said others could follow the US president's precedent by claiming tough trade restrictions were needed to defend national security. Canada, the largest supplier of steel to the US, said tariffs would cause disruption on both sides of the border. It is one of several countries that have said they will consider retaliatory steps if the president presses ahead with his plan next week.


Trump steel tariffs: European Union gears up for trade war

BBC News

European Union officials have said they will respond "firmly" if US President Donald Trump presses ahead with his plan for steep global duties on metals. EU trade chiefs are considering slapping 25% tariffs on around $3.5bn (£2.5bn) of imports from the US, Reuters news agency reports. World Trade Organization Director General Roberto Azevedo said: "A trade war is in no one's interests." The rhetoric ramped up as Mr Trump tweeted that "trade wars are good". International condemnation has greeted the US president's Thursday announcement that he plans to impose a 25% tariff on steel imports and 10% on aluminium next week.