Trump signs Section 232 Proclamations on Steel and Aluminum Imports in the Oval Office of the White House. AFP / MANDEL NGAN
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European Union trade chief Cecilia Malmstrom vowed to press for an EU exemption from U.S. tariffs on foreign steel and aluminum when she meets her American counterpart in Brussels Saturday.The EU has become increasingly exasperated with Trump's "America First" agenda, viewing it as a threat to the multilateral trade order that the U.S. played a leading role in building after World War II.The EU intends to hit a range of U.S. goods with punitive tariffs in retaliation should the bloc face the U.S. import taxes.Beyond imposing retaliatory tariffs on U.S. goods, the EU is prepared to file a case at the World Trade Organization against the Trump administration in cooperation with other countries and to introduce "safeguard" measures to prevent steel shipments from other parts of the world to America from being diverted to the European market and flooding it.Malmstrom warned the Trump administration against considering metal-tariff exemptions for only some EU countries such as the U.K.
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