President Donald Trump said on Thursday the United States may ultimately impose tariffs on more than a half-trillion dollars’ worth of Chinese goods as the world’s two largest economies hurtled toward the start of a trade war.
The U.S. tariffs on $34 billion worth of Chinese goods kicked in on Friday, taking the war of words between the nations into the real economic realm.
German Chancellor Angela Merkel said Wednesday that the European Union will make every effort to avoid a trade war with the United States, and underlined her country’s commitment to raise defense spending gradually — another point of contention with Washington.
The federal investigation looking into how Facebook shared user information with data firm Cambridge Analytica has widened to include three agencies, according to a new report.
U.S. President Donald Trump warned the World Trade Organization on Monday that ‘we’ll be doing something’ if the United States is not treated properly, just hours after the European Union said that U.S. automotive tariffs would hurt its own vehicle industry and prompt retaliation.
European Union leaders reached an agreement on migration after almost 10 hours of chaotic talks in Brussels over the sensitive issue threatening their union and zone of free travel, as well as German Chancellor Angela Merkel’s government.
President Trump on Sunday warned other countries that the U.S. would retaliate if they placed trade barriers and tariffs on U.S. exports.
The Treasury Department is planning to heighten scrutiny of Chinese investments in sensitive U.S. industries under an emergency law, putting Washington’s trade war with Beijing on a potentially irreversible course.
The EU has officially imposed tariffs on US jeans, motorbikes, bourbon and other items in response to a similar move from the US. The measures have some experts worried the world could be heading toward a trade war.
The European Union is ready to engage with the United States to solve a trade row triggered by Washington’s decision to impose metal impose tariffs, E.U. Trade Commissioner Cecilia Malmstrom said on Thursday.
Senators of both parties blasted Commerce Secretary Wilbur Ross over President Trump’s steel and aluminum tariffs Wednesday, saying the levies are harming the U.S. economy while doing nothing to stop China’s unfair trade practices.
President Trump escalated his trade feud with China Monday night, threatening to impose tariffs of 10 percent on another $200 billion worth of Chinese goods.
President Trump is ready to slap tariffs on nearly $50 billion in Chinese goods, according to reports, reigniting fears of a trade war between the world’s two largest economies.
President Trump proposed a major shakeup of the world’s economic order during a summit in Canada this week, suggesting the world’s big economies drop all tariffs and market-distorting subsidies and go to a fully free system of trade.
President Trump engaged in some long-distance trash talking with the leaders of France and Canada over trade Thursday night as he prepares to meet them face-to-face Friday at the Group of Seven summit in Quebec.
The U.S. merchandise trade deficit with China set a record through April, hitting $119,050,900,000 for the first four months of 2018, according to data released today by the Census Bureau.
The EU says it expects to retaliate next month after the US imposed tariffs on the bloc’s steel and aluminium products, sparking fears of a global trade war.
Iran’s top leader said on Monday he had ordered preparations to increase uranium enrichment capacity if a nuclear deal with world powers falls apart after the U.S. withdrawal, and he vowed never to accept limits on Tehran’s ballistic missile program.
President Trump signals he may eliminate the NAFTA agreement entirely and negotiate two separate deals with Canada and Mexico.
President Trump on Saturday blasted critics who accused him of starting a trade war, saying the U.S. has been losing the trade war for years.