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European Commission President Ursula von der Leyen said she would impose "firm and proportionate" measures against the U.S. in response to President Trump's tariffs on imports of steel and aluminum.

(Bloomberg) -- Vladimir Putin’s war on Ukraine is escalating after months of bloody attrition.Most Read from BloombergParis to Replace Parking Spaces With TreesNew York’s Transit Agency Approves $9 Congestion TollIn Cleveland, a Forgotten Streetcar Bridge Gets a Long-Awaited LiftA Bug’s Eye View of Mexico City’s Modernist ArchitectureAmtrak Wins $300 Million to Fix Its Unreliable NJ-to-NYC ServiceAs the conflict entered its 1,000th day, Ukraine took advantage of its newly granted long-range miss

President-elect Trump will soon begin announcing nominees to key cabinet positions, and his Treasury secretary pick will play a key role in advancing his economic agenda.