US-China trade entering tit-for-tat tariffs – Portuguese economy grew 2.7% in 2017
The introduction of an additional 15% tariff on thousands of goods has ratcheted up the Trump-Xi trade war. Although fresh trade talks will resume later this month, Washington and Beijing continue the tough rhetoric.
The US has removed tariffs on over 400 Chinese goods after American firms complained that the levies would cause economic hardship. But trade talks between the world's top two economies remain on a delicate footing.
Outgoing ECB President Mario Draghi has achieved his goal of further cuts to interest rates and the renewal of bond buying for the euro area. But some policymakers are skeptical that the move was necessary.
Donald Trump says his administration will enter into an initial bilateral trade deal with Japan in the coming weeks. But the fate of cars and a currency clause remain unresolved.
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