The EU will respond to the Trump's import duties

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Denmark's foreign minister says no one will end up winning if a trade war ensues between the United States and the European Union. It's enough to go to the beginning of the 2000s when the USA authorities imposed steel tariffs for Europe.

The list is being finalized but so far includes US steel and agricultural products, as well as other products such as bourbon, peanut butter, cranberries and orange juice.

"It is certainly not the right way to include Europe in that because we are friends, we are allies, we work together, we can not possibly be a threat to national security in the we are counting on being excluded", Malmstrom said. "We work together. We can not possibly be a threat to national security in the USA, so we are counting on being excluded", she said.

European steel and aluminium associations warn that USA tariffs could cost their sectors thousands of jobs.

"In any case, it was announced that the European Union would react to the situation if President Trump's initiative on customs duties on steel and aluminum is realized".

Trump's tariffs appear far more likely to hurt a staunch ally, Canada, which is No. 1 in both supplies of steel and aluminum to the U.S. The EU also hopes "to convince the United States administration that this is the right move".

The European Union does not believe tariffs are a solution to the problem of overcapacity in the steel sector and stands ready to go to the World Trade Organisation if necessary, EU Trade Commissioner Cecilia Malmstrom said on Friday.

Trade tensions between Washington and Beijing have risen since Trump took office previous year.

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Brazil is the United States' No. 2 steel supplier.

"This is not a trade negotiation", Katainen said.

The EU exported about 5.5 million tons of steel to the USA a year ago. It was the most explicit threat yet from the country in the escalating trade row.

A WTO spokesman has said they can not comment on the tariff announcement, adding that they are still unclear on the legal basis for the measures.

"A trade war has no winners", Sweden's Malmstroem told reporters after the European Commission, which handles trade matters for the bloc, discussed the tariffs.

Within minutes of Trump's announcement, U.S. Republican Senator Jeff Flake, a critic of the president, said he would introduce a bill to nullify the tariffs.

Mr Seko called for calm-headed behaviour in the dispute. According to Reuters, Japanese Trade Minister Hiroshige Seko will also join the meeting in Brussels.

While carrying a message to Washington to push forward a diplomatic breakthrough over North Korea, South Korea's national security office chief Chung Eui-yong requested US officials to support Seoul's request for a waiver, a presidential spokesman said.