Source: https://news.bitcoin.com/eu-china-hike-tariffs-in-trade-war-response/

The European Union has announced its decision to impose retaliatory tariffs on $20.9 billion worth of U.S. goods in response to the steel and aluminum import taxes imposed by President Donald Trump. The EU's response comes after a delay caused by the requirement for unanimous approval from all 27 member states.

The tariffs will be implemented in three phases, as part of the EU's efforts to counter the impact of the U.S. tariffs on European industries. The move is seen as a strategic response to protect the interests of European businesses and workers who have been affected by the trade dispute with the United States.

The EU has expressed its concerns over the U.S. tariffs, which have been viewed as unfair and unjustified by many European leaders. The retali