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The European Union on Wednesday announced retaliatory trade action with new duties on U.S. industrial and farm products, responding within hours to the Trump administration's increase in tariffs on all steel and aluminum imports to 25%.
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Trump metals tariffs draw swift retaliation from Canada and EU Reuters
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Bank of Canada cuts rates to counter tariffs, will be cautious about future moves Reuters
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Inflation rate hits 2.8% in February, less than expected CNBCLive Updates: U.S. Inflation Shows Improvement Amid Worries About Tariffs and Trade Wars The New York TimesInflation data cools in February, easing investor fears about the health of the US economy Yahoo FinanceLive: Analysis of US CPI Report for February BloombergInflation eased more than expected in February, ahead of steel and aluminum tariffs
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The European Union responded to American steel and aluminum tariffs with its own tariffs on boats and bourbon — and pledges of more to come.
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