US tariff threat hits foreign automaker shares - Deutsche Bank slashes over 7,000 jobs - Argentina suffers under plummeting peso
Donald Trump doesn't want to see any more BMWs or Mercedes on Fifth Avenue in New York. To that end, he has made different, partly contradictory threats and offers in the trade conflict with the EU. Will it work for him?
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.
A lobby group for the German car industry has said it expects car production and new registrations to increase again in 2018. Its optimistic forecast came despite concerns over current trade frictions with the US.
The International Monetary Fund criticized Trump's tariffs plans and warned of their negative impact. The IMF also said by 2020 US economic growth will dip to lower levels than the White House predicts.
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