Donald Trump's tariffs on steel and aluminum products are due to start on Friday. They’ll affect all trading partners other than Canada, Mexico and Australia.
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.
Despite the threat of a trade war between the EU and US, goods slapped with tariffs only make up a small percentage of total trade between the two sides. DW looks at the US's trading relationship with the EU and Germany.
The US-China trade row has seen carmakers worrying about their exports to the world's second-largest economy. German auto manufacturers are particularly concerned and suggest removing industry tariffs completely.
China is "one of the most restrictive economies in the world," concluded a recent survey by the EU Chamber of Commerce in China. The chamber's president tells DW about European firms' challenges in doing business there.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version