New EU tariffs on US products have gone into effect. The trade dispute is escalating. Here’s what you need to know about what is happening and how the skirmish could worsen.
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.
"Berlin is the city of freedom," a business agency in the German capital has contacted Harley-Davidson's CEO. The iconic US company is looking to move some production abroad to avoid the fallout of an EU-US trade spat.
The US said it would impose "unprecedented financial pressure on Iran." The refusal to grant EU businesses an exemption for Iran sanctions pushes Europe and the US further down a collision course over ties to Tehran.
China's economic growth slowed in the second quarter, adding to the many challenges Beijing faces amid a mounting tariff battle with Washington and weakened global demand for its exports.
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