China says it's preparing retaliatory tariffs against US - Tariffs are a threat to European businesses, economists warn - Steel workers react to EU exemption
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.
China's surplus with the United States has hit a fresh record, adding to the current trade conflict between the world's two largest economies. Beijing blamed the imbalance on structural problems in the US.
China and Germany drew closer together at the recent inter-governmental summit in Berlin but considerable differences still separate the two nations, says DW’s Frank Sieren.
For months, talk of a trade war between the United States and China has been rampant. That talk became reality overnight when major US tariffs against Chinese goods came into effect.
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