Donald Trump 'planning tariffs on European steel and aluminium'

President Donald Trump's administration is thought to be planning to impose tariffs on European steel and aluminium imports after failing to win concessions from the European Union, a move that could provoke retaliatory tariffs and inflame trans-Atlantic trade tensions.

The tariffs are likely to go into effect on the EU with an announcement by Friday's deadline, according to two people familiar with the discussions. They said the administration's plans could change if the two sides are able to reach a last-minute agreement.