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European automakers, already struggling with tepid economic growth at home and rising competition from China, on Thursday decried the U.S. import tax on cars as a heavy burden that will punish consumers and companies alike on both sides of the Atlantic.
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Major economies vow to retaliate, with China accusing Washington of violating international trade rules.
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The company announces a consultation that could see the closure of two blast furnaces at Scunthorpe.
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