(Bloomberg) -- President Donald Trump could impose U.S. tariffs on steel and aluminum imports as early as Thursday afternoon in Washington. His plan to do so has already rattled financial markets, as investors try to gauge the economic and geopolitical fallout. Trump himself has hinted the measures, initially billed as sweeping and severe, may be watered down for allies.
Regardless of the fine print, the turmoil is likely to persist, as investors, consumers, governments and companies try to decipher whether this is the first shot fired in a trade war that threatens a healthy global economy.
To help you better understand these developments, we’ve laid out a few of the next steps, as well as their potential consequences.
What happens in coming days?
How can other governments react?
How might companies respond?
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