On the same day, he targeted China for unfair trade practices, US President Donald Trump exempted the EU from tariffs on steel and aluminum — for now.
US President Donald Trump has threatened new tariffs on Chinese imports, raising fears of an escalating trade war. Trump threatened further sanctions should China — which accuses the US of "blackmail" — retaliate.
American-German businessman Martin Richenhagen is far from happy about the Trump administration's aggressive trade policies. "We are surprised on a daily basis by strange initiatives," he told DW.
Donald Trump ratchets up tensions with plans to impose more tariffs on China. Such punitive measures might be effective in the short term, but in the grander scheme, China has the upper hand, says DW’s Frank Sieren.
Beijing has announced retaliatory measures after the US imposed fresh tariffs on Chinese technology products. Beijing announced tariffs on a $34 billion list of American goods including soybeans and whisky.
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