Tai, Raimondo: U.S. businesses could not have 'survived' EU tariff hikes

Affected American businesses could not have survived a hike in European retaliatory tariffs in response to U.S. Section 232 steel and aluminum duties, U.S. Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo said this week. The European Union in December was set to double retaliatory tariffs on a host of U.S. products including wine, whiskey and spirits. But the EU agreed to suspend the tariffs as a part of a deal it reached with the U.S. last month that...