EU to start retaliating against US tariffs on Tuesday

The 27-nation bloc faces 25% import tariffs on steel and aluminium and cars. Picture: PA
The European Union will launch its first countermeasures against US president Donald Trump's tariffs next week, the bloc's members agreed on Wednesday, joining China and Canada in retaliating and escalating a global trade conflict.
The approval came on the day that Trump's "reciprocal" tariffs on the EU and dozens of countries took effect, including massive 104% duties on China, extending his tariff onslaught and spurring more widespread selling across financial markets.