The EU has laid an economic hit list on the table, detailing just where it could excise tariffs on American goods - in the hope that Trump's tariffs on steel and aluminum can be avoided.
China will take "counter-measures" after US President Donald Trump's raised tariffs on $200 billion of Chinese imports. Fears of escalation hit global stocks markets, which waver nervously awaiting a concrete response.
China's vice premier Hu Chunhua has warned that the global economy is moving in the wrong direction. A regional economic forum in Vietnam is analyzing the fallout from the ongoing US-China trade spat.
The latest US salvo against China has escalated the threat of a trade war between the world's two largest economies. China has responded by announcing countermeasures affecting up to $60 billion worth of US exports.
Shares in Apple's Asia-based concept firms have tumbled after US President Donald Trump launched a broadside against the tech giant demanding it should move production to the US if it wanted to avoid tariffs on imports.
© 2018 Deutsche Welle |
Legal notice |
| Mobile version