“The European Union expects to hit U.S. imports with additional duties from July, ratcheting up a transatlantic trade conflict after Washington imposed its own tariffs on incoming EU steel and aluminum.

EU members have given broad support to a European Commission plan to set 25 percent duties on up to 2.8 billion euros ($3.3 billion) of U.S. exports in response to what it sees as illegal U.S. action. EU exports that are now subject to U.S. tariffs are worth 6.4 billion euros.”

Read the full article at the International Business Times