US announces new tariffs on Chinese imports - Kerkhoff: Chinese could dump steel on EU market
The leaders agreed to work toward "zero tariffs" between the US and the EU, which would decisively reverse the slew of trade tariffs imposed recently. The deal involves the EU purchasing natural gas from the US.
China has launched an anti-dumping probe into stainless steel products from the EU, Japan, South Korea and Indonesia at a time of growing fears worldwide about escalating trade tensions and their potential fallout.
US Trade Representative Robert Lighthizer has said the scope of tariffs on China is set to increase. The measure would come amid an ongoing trade dispute and after Trump threatened to apply levies on all Chinese goods.
Agricultural trade will remain off the table in any trade talks between the US and EU, the EU chief said. A European commitment to buy more US soybeans is driven by market conditions not political intent.
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