Dhaka, March 13 -- US President Donald Trump's increased tariffs of 25% on all steel and aluminium imports took effect on Wednesday as prior exemptions, duty-free quotas and product exclusions expiredThe European Union will impose counter-tariffs on 26 billion euros ($28 billion) worth of US goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket US tariffs on steel and aluminium.

US President Donald Trump's increased tariffs of 25% on all steel and aluminium imports took effect on Wednesday as prior exemptions, duty-free quotas and product exclusions expired.

The European Commission said it will end the current suspension of tariffs on US products on April 1 and will also p...