DW's Gerhard Elfers talks to André Wolf, Hamburg Institute of International Economics, about the latest twists in the US-China trade spat, including Beijing's announcement to lower import tariffs for cars and auto parts.
No group of US farmers has more to lose from a trade war with China than soybean growers. But as Beijing adjusts to new trade realities, Chinese farmers also have a lot on their plates.
Donald Trump has ramped up his trade dispute with China. Nevertheless, Beijing has a good shot at being able to keep the damage under control. The key is a dynamic middle class, says DW's Frank Sieren.
Volkswagen will exit the Iranian market, according to a US media report. It suggests the Trump administration convinced VW of the move as part of US efforts to undo the Iran nuclear deal. VW has not confirmed the report.
Amid intensifying trade friction between Washington and Beijing, a new round of US tariffs took effect on Monday, raising the stakes for both sides. China seems to have several tools up its sleeve to counter US tariffs.
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