Shares of industrial heavyweights Boeing fell 1.7 percent and Caterpillar 2.2 percent.A 25 percent tariff on steel imports and 10 percent tariff on aluminium imports will be imposed on the EU, Canada and Mexico from midnight (0400 GMT on Friday), Ross told reporters. Shares of Harley-Davidson Inc fell 2.17 percent and Brown-Forman Corp , maker of Early Times and other bourbon brands, lost 2.1 percent. EU members have given broad support to a European Commission plan to set duties on 2.8 billion euros (£2.4 billion) of U.S. exports if Washington ends tariff exemptions. EU exports potentially subject to U.S. duties are worth 6.4 billion euros. "It's entirely up to U.S authorities whether they want to enter into a trade conflict with their biggest partner, Europe," France's Finance Minister Bruno Le Maire said after meeting with Ross on Thursday.U.S.

Source: The Star May 31, 2018 23:26 UTC