Fears of global trade war as Trump stands his ground
2018-03-08 10:03:07 source：The Times
March 8, 2018
President Trump and the EU exchanged warning shots yesterday as world markets braced themselves for a bruising trade war.
The resignation of Gary Cohn, Mr Trump’s chief economic adviser, appeared to signal the president’s determination to impose steep tariffs on imported steel and aluminium.
Mr Trump is thought to have summoned Mr Cohn, a former Goldman Sachs banker and the most influential free-trade proponent inside his administration, to the Oval Office on Tuesday to demand he support plans to impose a levy of 25 per cent on imported steel and 10 per cent on aluminium.
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