A wide-ranging exchange of tariffs has become more likely between the EU and U.S. Commissioner Malmström and Secretary Ross have reportedly failed to reach a deal to exempt the EU from U.S. metals duties ahead of a June 1 deadline. The EU’s offer of a voluntary quota at 100% of current shipments appears to have been rejected. Should the metals tariffs be applied, the European Commission has already identified 160 products for retaliatory duties. EU imports of those products were worth $4 billion in the 12 months to March 31, with the top categories being steel ($1 billion), whiskey ($...