The EU is ready to hit US exports with 25% retaliatory tariffs

The European Union is gearing up to respond to the United States in a long-standing trade dispute over steel and aluminium. With a 25% retaliatory tariff on a wide range of American goods back on the table, tensions between the two transatlantic partners are rising once again. 

But what is behind the EU’s move, why some member states are urging caution, and what this all means for businesses and consumers on both sides of the Atlantic?