Imposing higher import tariffs to protect your own companies makes absolutley no sense, the president of the Kiel Institure for the World Economy, Dennis Snower, tells DW. He speaks of an "obsolete debate."
President Donald Trump's budget foresees a radical cut to the prestigious Fulbright program. With cultural diplomacy out of fashion in the White House, the 70-year-old international exchange rallies to defend itself.
"Surpluses show that our products are in demand," the chancellor has said. Her economy minister is set to visit Washington shortly in a bid to avoid President Trump's much-maligned tariffs.
In roughly a week from now, higher US tariffs on steel and aluminum imports are to come into force. Will the European Union manage to be exempted from the duties? DW's Sabine Kinkartz reports from Berlin.
Newspaper reports have said CNBC contributor Larry Kudlow has accepted an offer by US President Donald Trump to become his new top economic adviser. Kudlow is said to be "straightforward and loyal."
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