Wall Street falls as Trump’s trade war overshadows good news on the economy
Stocks fell Thursday after U.S. President Donald Trump upped the stakes in his trade war by threatening huge taxes on European wines and alcohol.
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Trump's Tariffs
Hit back or hunker down? The dilemma of responding to U.S. tariffs
Major US trading partners have offered a range of responses to President Donald Trump’s 25% tariffs on steel and aluminum imports, which took effect Wednesday. Most opted against immediate retaliation and many sounded ready to talk instead. Others took a more confrontational approach.
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