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Reuters reports comments from the US Commerce Secretary Wilbur Ross, delivered said in an interview published by daily Le Figaro on Thursday.

Key Quotes:

“We don’t want a trade war (with the European Union).”  

“(It’s) up to the European Union to decide if it wants to take retaliatory measures. The next question would be: how will the (U.S President Donald) Trump react? You saw his reaction when China decided to retaliate.”

“If there is an escalation it will be because the EU would have decided to retaliate.”

He said the US decision on import tariffs on EU steel and aluminum will be announced on Thursday either before markets open or after markets close.