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Thursday, May 31, 2018

NEWS ALERT : U.S. Plans to Hit EU With Steel, Aluminum Tariffs

NEWS ALERT : U.S. Plans to Hit EU With Steel, Aluminum Tariffs

The Trump administration, unable to win concessions from European Union counterparts ahead of a Friday deadline, is planning to make good on a threat to apply tariffs on European steel and aluminum, according to people familiar with the matter.

The administration is expected to make an announcement as early as Thursday.

Impact : Strong
Sentiment : Good for Dollar, Bad for Euro

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