The European Commission moved to cut free trade quotas by 47% for steel and metal products and double the off-premises import duty to 50%, taking a leaf out of Donald Trump’s protectionist playbook. It is a way to protect the continent’s struggling industry in the face of Trump’s disruptive trade policy and increased global supply of minerals. Meanwhile, Donald Trump hosted Maine’s Prime Minister Stephen Carney in Canada as the two sides hope to strike a trade deal.
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