The European Union is retaliating against US President Donald Trump with “countermeasures” on $45 billion of US goods after his administration increased tariffs on all steel and aluminium imports to 25 per cent. The European Union is retaliating against US President Donald Trump with “countermeasures” on $45 billion of US goods after his administration increased tariffs on all steel and aluminium imports to 25 per cent. World Politics, Business, Economics and Finance, Trade Latest business news