The U.S. has applied 25 percent tariffs on the European Union steel products and 10 percent tariffs on aluminium from June 1.
"Though the immediate effects on United Kingdom retailers might look relatively modest, it is worth paying close attention to this dispute because it's future course is unpredictable, fast moving and could quickly escalate to engulf other, seemingly unrelated areas of trade", he said. The higher tariffs had previously been registered with the World Trade Organization (WTO).
The goods targeted include typical American exports like bourbon, peanut butter, cranberries and orange juice, in a way that seems designed to create the most political pressure on President Trump and USA politicians.
Canada said its tariffs of up to 25% on almost $13 billion of American products will take effect on July 1.
"We did not want to be in this position".
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The move is a response to new U.S. tariffs imposed on European Union steel and aluminium by President Donald Trump. Beijing has vowed to immediately retaliate with its own tariffs on USA soybeans and other farm products.
If the plan were accepted, it would mean scrapping the EU's 10 percent tax on vehicle and auto imports from the USA and other nations and the US dropping the 2.5 percent duty it puts on similar imports from the EU.
The levies are in retaliation to USA president Mr Trump who imposed tariffs on steel and aluminium imported from the EU.
However, the European Union has introduced a 50% duty on goods such as footwear, some types of clothing and washing machines.
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Even before Mr Trump's latest threat, some USA companies in China were feeling the pressure. He argues the glut of steel and aluminium products entering the USA also pose a security threat.
The China Daily has accused the Trump administration of "manipulative maneuvers", which have led to a trade war and the lowest level of Chinese investment in the U.S. economy in seven years.
As painful as the brewing trade war could prove, many have seen it coming. Trump would start July 6 by taxing $34 billion worth of products and later add tariffs on an additional $16 billion in goods.
The Commerce Department is allowing companies to request exemptions from the steel and aluminum tariffs - if they can show that the metals they need aren't available from Americans producers.
Economists and trade analysts worry that there may be no way out of an all-out trade war between the United States and its most vital trading partners.
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"The EU has a responsibility to stand up for open global trade".