Financial markets dipped amid concerns about the disputes among trading partners, with the Dow Jones industrial average dropped more than 200 points.
Australia has managed to escape what could have been a crippling impost but the ASX still followed Wall Street lower.
The import duties threaten to drive up prices for American consumers and companies and are likely to heighten uncertainty for businesses and investors around the globe.
The groups Freedom Partners Chamber of Commerce and Americans for Prosperity said the tariffs would hurt the nation's economy and low unemployment rates.
"We want open markets, free markets but we have to convince the USA administration", Altmaier told German television.
The EU trade commissioner, Cecilia Malmstrom, said Thursday the EU "did everything to avoid this outcome", as the bloc announced it would bring the case to the World Trade Organization (WTO) on Friday.
Shares of Harley-Davidson Inc fell 2.2 per cent and Brown-Forman Corp, maker of Early Times and other bourbon brands, lost 2.1 per cent, after the European Union threatened tariffs.
Juncker said the European Union will not negotiate under threat.
And the Mexican government said that the U.S. action was not justified, and that it would retaliate with its own comparable penalties on USA products including lamps, pork, fruit, cheese and flat steel.
United Kingdom manufacturers exported more than £300m worth of steel to the U.S. past year.
"It's entirely up to USA authorities whether they want to enter into a trade conflict with their biggest partner, Europe", France's Finance Minister, Bruno Le Maire, said after meeting with Mr Ross yesterday.
The Trump administration argues the tariffs are necessary to tackle overcapacity that is damaging U.S. steel manufacturers.
While China is seen at more risk from a trade war because its exports are larger than its imports from the United States, operations of American companies in China make substantial sales there, which could be hit by any turn in sentiment.Читайте также: Lions, tigers, jaguar escape German zoo
The world's two biggest economies have threatened to impose tariffs on up to $US200 billion worth of each other's products.
Camera IconThe Canadian Prime Minister has branded the tariffs "totally unacceptable".
Tariffs might protect some jobs in the USA steel industry, but far fewer than the number of jobs that will be lost. But the NAFTA talks stalled.
Mexico will target the U.S. agricultural sector for tariffs.
For 150 years, Canada has been America's most steadfast ally.
"We expect immediate retaliation from the European Union, which, on a net basis, to us serves no positive economic goal", KeyBanc analyst Philip Gibbs said in a note. The question now is how her government and the others should respond.
If Canada and Mexico choose to take retaliatory measures, it will not affect the ability to keep renegotiating NAFTA as a separate track, he added.
"There is potential flexibility going forward", Ross said.
President TrumpDonald John TrumpKoch brothers company tweets support for Kim Kardashian after Trump meeting Romney reveals he wrote in wife's name for president in 2016 Pompeo has dinner with top North Korean official in NY: report MORE's strict position on trade could put up to 2.6 million U.S.jobs at risk, according to an analysis from the U.S. Chamber of Commerce.
She dismissed the argument that the tariffs were needed for USA national security reasons.
"Mexico has stated repeatedly that this type of measure, based on national security, is neither appropriate nor justified".
Now that Trump has broken the taboo, critics fear that other countries will impose sanctions.
European Commission president declared "this is a bad day for world trade". For Tata Steel Europe, the US accounts for 10% of its sales.
But Ross said Thursday that those talks "are taking longer than we hoped". Some observers say a G6-plus-one scenario is already shaping up, with Trump as the outlier.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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