A trade war is brewing over Donald Trump's plan to slap tariffs on steel imports from five EU countries. Germany is leading calls to file a complaint to the World Trade Organization.
At a G20 steel summit in Berlin, the world's largest steel-producing countries have agreed to dismantle market-distorting subsidies. But deep division remained between China and the US over how to do that.
Representatives of the 164 WTO member countries are in Buenos Aires for their biennial meeting. The odds of a breakthrough look grim against the backdrop of Donald Trump's 'America First' policy and discord over China.
The US has ruled that tool chests imported from China have been subsidized and is slapping anti-subsidy duties on them. Trump’s tough stance on the Chinese appears to be kicking in, despite warmer words for Beijing.
The US Commerce Department has said Canada unfairly subsidized the aircraft maker and announced that it will impose duties of 220 percent on every Bombardier C Series plane imported into the United States.
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