European Commission President Jean-Claude Juncker speaks following a meeting with Bulgarian and Western Balkan leaders in Sofia, Bulgaria, March 1, 2018. REUTERS/Stoyan Nenov
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The EU is drawing up retaliatory measures against leading US brands such as Levi's and Harley Davidson after US President Donald Trump threatened a trade war with plans for tariffs on steel and aluminium, European Commission chief Jean-Claude Juncker said Friday.But a top EU trade official said Trump still has a small chance to avoid a damaging global trade war and asked the US leader to reconsider his aims before he signed them into effect next week.The threat appeared to fall on deaf ears as Trump on Friday welcomed the prospect of a trade war, remaining defiant in the face of the global uproar sparked by his raft of fresh tariffs.The United States backed down before the EU carried out its threat to impose the retaliatory measures.
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