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The EU said Monday it was "prepared" for U.S. President Donald Trump imposing controversial tariffs on steel and aluminum from the bloc, as a deadline looms amid growing fears of an all-out trade war.Trump granted the EU temporary relief from the 25 percent steel and 10 percent aluminum duties but this expires Tuesday and cannot be renewed. Trump met French President Emmanuel Macron and German Chancellor Angela Merkel last week but gave no indication of whether he planned to exempt the EU, which last year exported over $7.7 billion of steel and aluminum to the U.S. market.However, the EU has insisted it will not negotiate without first obtaining a permanent exemption from the tariffs.
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