A list of countermeasures the EU has approved against the US in the event a trade agreement is not reached with Washington includes higher steel and aluminum tariffs and a ban on ferrous scrap exports. The proposed measures would first place a 25pc import tariff on US steel and aluminum shipments starting 7 August then ban ferrous scrap and aluminum scrap exports to the US beginning 7 September. A broad range of other commodity trade restrictions would also be enacted starting 7 August should the EU and US fail to reach an agreement. "Right now our focus is on finding a negotiated outcome with the US," said EU trade ... (full story)