US Tariffs on allies

The USA has decided to go ahead with 25% tariffs on imported steel and aluminium from its key allies – namely the European Union, Mexico and Canada. The news hasn't gone down well with the UK or the European Union. According to reports, the 25% tax on steel and 10% tax on aluminium from the EU, Mexico and Canada will start at midnight. On hearing the news, European Commission president Jean-Claude Juncker said it was a bad day for world trade, while the UK is said to be deeply disappointed.  Bruno Le Maire, the French finance minister said it was…