Europe retaliates against Trump tariffs - as UK steel industry warns US levies 'couldn't come at a worse time'

The tariffs, which see a 25% levy applied to international imports of steel and aluminium, came into effect at midnight on Tuesday (around 4am GMT), with British steel and aluminium industries bracing for the impact.

It comes as Trump insisted the chaos triggered by the tariffs is necessary to "rebuild our country".

In the last few hours, the European Union said it will impose retaliatory measures on US goods starting on April 1.

The move marks an escalating trade war triggered by the US, with a host of traditional trading partners, including the US and Canada, facing increasingly difficult restrictions on exports.

The US tariffs pose a real threat to UK steel exports - worth around £350m annually.

Read Full Article Here