The European Union is ready to negotiate with the United States over escalating tariffs between the two economic superpowers, European Commission head Ursula von der Leyen said Thursday.The bloc's trade commissioner was in contact with his counterpart in the United States and they were expected to have a phone call Friday on the tariff row,

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President Donald Trump said the US would respond to the European Union’s countermeasures against his new 25% tariffs on steel and aluminum, raising the risk of further escalation in his global trade war.