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IMF joins China in warning of potential harm from 25% tariff imposed on metal imports but Trump insists ‘trade wars are good’

• Trump trade tariffs – business live

Europe has warned Donald Trump to expect retaliatory strikes against American icons like Harley-Davidson, Levi’s jeans and Kentucky bourbon, if he sparks a trade war by going ahead with punitive US tariffs on foreign steel.

The European commission president, Jean-Claude Juncker, warned there would be consequences for the US if Trump’s threat of a 25% tariff on steel and 10% on aluminium imports takes effect.

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from US news | The Guardian http://ift.tt/2HWUrgR