EU condemns Trump's metal tariffs, fears trade war

The European Union condemned President Trump's decision to raise steel and aluminum tariffs to 50 percent, fearing it will worsen trade disputes. The tariffs took effect Wednesday. Trump's order, doubling the existing tariffs, has prompted EU officials to consider a €21 billion counter-tariff package. Trade talks are underway in Paris, with EU officials hoping to secure an exemption from the increased tariffs. The move threatens European jobs and follows a previous threat of broader tariffs. Canada, the largest steel and aluminum exporter to the US, also strongly criticized the tariffs, while the OECD has lowered its global growth forecast.