Trump, Europe and steel
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European shares retreated on Monday after rounding off monthly gains in May, as U.S. President Donald Trump's new tariff plans threatened to rekindle global trade tensions. The continent-wide STOXX 600 was down 0.
The dramatic shift has bewildered European officials, who note that the Trump administration itself has been accused of breaching democratic norms.
3don MSN
Trump administration officials, MAGA influencers and far-right leaders gathered in Poland and Hungary this week for CPAC, the Conservative Political Action Conference.
Salzgitter, Germany's second-biggest steelmaker, on Monday warned that Washington's tariff policy was dealing a severe blow to European industry, after the U.S. administration unveiled plans to double steel import levies to 50%.
The "Make America Great Again" roadshow arrived in Europe this week with events in two nations where American conservatives see prime opportunities.
So, Russia and Ukraine are still as far apart as ever, with the two warring countries unable to make a significant breakthrough in direct talks in Istanbul.
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Salzgitter, Germany's second-biggest steelmaker, on Monday warned that Washington's tariff policy was dealing a severe blow to European industry,
The president is set to raise tariffs on steel and aluminum this week, even as the courts are challenging the legitimacy of other levies.
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