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US inflicts tariff on EU, Mexico, Canada
June 3, 2018
Source: BBC

US inflicts tariff on EU, Mexico, Canada

In an unpredictable move, US has ended steel and aluminum tariff exemption for EU, Mexico, and Canada from the start of June. The US levies a 25% tax on steel and 10% tax on aluminum on import duties. This decision has invoked words of retaliation from the inflicted countries. The tariffs will hit products and raw materials which are used extensively in US manufacturing, construction, and the oil industry.

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