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The European commission president, Jean-Claude Juncker, warned there would be consequences for the United States if Trump's threat of a 25% tariff on steel and 10% on aluminium imports takes effect.

US President Donald Trump's sudden announcement on Thursday that his administration plans to impose duties of 25 and 10 percent on imports of steel and aluminum, respectively, comes as a seventh round of talks aimed at revamping the North American Free Trade Agreement (NAFTA) is underway in Mexico.

Navarro, the director of the Office of Trade and Manufacturing Policy, during the interview argued that China is the source of the problem despite its low place on the list of exporters.

"The President in his discussion yesterday with the executives made it clear that this would be an across-the-board tariff and there would be no exclusions in terms of countries".

And countries do retaliate, as a deterrent, to protect their own, and as a response to their own angry publics.

"I'm not saying we have to shoot back, but we must take action".

She noted that the USA has a $2 billion surplus in steel trade with Canada and that Canada buys more American steel than any other country in the world, accounting for 50% of US exports. As Bloomberg reports, Anheuser-Busch InBev CFO Felipe Dutra said on an analyst call Thursday that "2 million jobs depend on America's beer industry".

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Republicans found a sympathetic voice on the other side of the aisle in Senate Democratic Leader Chuck Schumer, D-N.Y., who seemed to respond to Trump's tweet Friday by saying on a cable news show, "To say that trade wars are a good thing is just wrong".

Trump's argument is that the United States is "losing" at trade and needs to fight back by punishing foreign steelmakers in China and elsewhere.

On the heels of a proposed Trump Administration tariff on imported steel and aluminum, US stocks fell sharply on Thursday. Our steel industry is in bad shape.

About a third would be steel grades, another third other industrial products and a final third agricultural products.

According to European steel association Eurofer, the U.S. was the destination of about 15 percent of Europe's steel exports in 2017. Trade wars "aren't good for anyone", he said in Paris.

Still, he says that the tariff is "very, very disappointing" and an election promise he thought Trump wouldn't deliver on.

"I don't like using the word trade war, but I can't see how this isn't part of warlike behavior", Juncker told German media.