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Europe, China threaten retaliation over Trump's tariffs

President Donald Trump. Photo: Samuel Corum / Anadolu Agency / Getty Images

Donald Trump's move on Thursday to push forward his tariffs on steel and aluminum imports has already prompted threats of retaliation.

Why it matters: While the tariffs aren't quite as drastic as originally believed, they're still facing backlash — even at home. Trump's decision met with immediate rebuke from high-profile Republicans and some U.S. manufacturers amid growing concern that a trade war could hurt the economy and risk thousands of jobs.