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October 4, 2019
BRUSSELS — The trade wars threatening to push the global economy into recession are entering a new phase, with the United States and European Union escalating a dispute that endangers the world's biggest trade relationship.
After the Trump administration slapped steep tariffs on $7.5 billion in EU goods, mainly traditional produce like cheese and wine, the Europeans made clear they would retaliate in kind. Some fear the tariffs could ultimately lead to U.S. taxes on European cars, a big economic blow that Trump has been threatening to deliver for months.
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