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The EU on April 9 adopted its first measures hitting back at President Donald Trump's tariff onslaught, targeting more than 20 billion euros of US products including soybeans, motorcycles and beauty products, the European Commission said. The levies are retaliation for previous US duties on steel and aluminium -- with Europe's response to Trump's latest tariffs salvo yet to be announced. bur-raz/ec/js
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Manufacturers struggling to make long-term plans. Farmers facing retaliation from Chinese buyers. U.S. households burdened with higher prices.
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By declaring a trade war on the rest of the world, President Donald Trump has panicked global financial markets, raised the risk of a recession and broken the political and economic alliances that made much of the world stable for business after World War II.
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