Accusing the Canadian government of subsidizing its forest products industry, Donald Trump has slapped sizeable tariffs on its softwood exports to the US. Critics say it’s a smokescreen to distract from his lack of action on trade with China.
The threat of steeper US tariffs on EU-assembled vehicles could lead a global trade war. German automakers, which produce more vehicles in the US than they export there, are in the Trump administration's crosshairs.
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.
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.
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.
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