Global leaders have been speaking out against Trump’s decision to impose a 25% tariff on steel imports. The levies are due to come into effect in two weeks. But the World Trade Organization has signaled there is still time to talk.
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.
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.
Beijing has announced retaliatory measures after the US imposed fresh tariffs on Chinese technology products. Beijing announced tariffs on a $34 billion list of American goods including soybeans and whisky.
The International Monetary Fund criticized Trump's tariffs plans and warned of their negative impact. The IMF also said by 2020 US economic growth will dip to lower levels than the White House predicts.
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