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The European Union will impose counter-tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, in response to blanket U.S. tariffs on steel and aluminum. CGTN hit the streets of Madrid to see what locals think about the matter. Generally, people believe that the EU has no choice but to take countermeasures, but they also worry that the escalating trade war will eventually have a negative impact. Madrid resident Ignacio said the trade war is inherently bad and that any retaliation always carries the risk of triggering more retaliation.