Steel has been Dillingen's life-blood for over 300 years. Here, over 5,000 people are employed by the steel mill. And many are worried about their jobs due to Donald Trump's steel tariffs
We live in a time of tariffs. In the wake of US tariffs on steel and aluminum, the EU has made several counter moves. The latest sees the bloc placing tariffs on steel imports which exceed quotas set at existing levels.
Global trade tensions have been brewing for months with tariffs and counter-tariffs flying between the US, China and several other countries. The US government has now challenged some of the tariffs at WTO level.
US officials have revealed a list of Chinese goods they will be targeting with 10 percent tariffs, raising fears of an escalating trade war. US retailers have slammed the decision, as has China itself.
Trade frictions between the US and China are getting worse again with a fresh round of tariffs. Yet it's not just about trade, but something more fundamental, says economist Thomas Straubhaar.
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