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EU TARIFFS TAKE EFFECT FRIDAY

The EU will begin charging import duties of 25 percent on a range of U.S. products Friday in response to U.S. tariffs imposed on EU steel and aluminum earlier this month. The move could signal the beginning of a tit-for-tat escalation in trade tensions between the U.S. and the EU, especially if President Donald Trump carries out his threat to penalize European cars. (Reuters)

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