The European Union announced the imposition of duties on American goods worth up to 26 billion euros (28.3 billion US dollars), which is a reaction to the 25% duties on steel and aluminum imports from the EU imposed by the US administration.
Peter Navarro, adviser to the US president on trade, said in an interview with CNBC that Washington had decided to postpone the planned increase in duties on Canadian steel and aluminum imports on March 12.
The Korean company Donghee Rus has announced a staff search. The company, which manufactures automotive components, plans to restart its facilities in St. Petersburg.