Donald Trump promised to tackel the US trade deficit with China. And US media now reports he could make good on that pledge.
The planned US tariffs on steel and aluminum have not gone down well with the United States' trading partners. With trade tensions intensifying, will we also see a currency war to make things even worse?
Leading US trade associations have written to President Donald Trump, urging him to halt plans to slap higher tariffs on Chinese imports. They said they feared a chain reaction of negative consequences.
The Trump administration is reportedly preparing to impose tariffs targeting Chinese tech and telecommunications imports. Should Washington follow through on the move, it could spark harsh retaliation from Beijing.
"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.
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