US metals tariffs due to take effect – Saudi Arabia bidding to become a tourism hotspot
Trump's threat of auto tariffs has finally spurred EU leaders into action on a new trade deal with Washington. As the US president seeks reelection next year, will Europe hold more clout in upcoming negotiations?
Punitive tariffs! Trade war! Dissonant bells are ringing from both sides of the Atlantic. Despite the hullabaloo, Trump's tariffs will neither save the US steel industry nor sink that of Europe, says DW's Henrik Böhme.
American-German businessman Martin Richenhagen is far from happy about the Trump administration's aggressive trade policies. "We are surprised on a daily basis by strange initiatives," he told DW.
The EU doesn't want to just put up with Donald Trump's higher import tariffs and is mulling retaliatory measures. But German firms, in particular, fear that no one would profit from an escalation of the situation.
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