France and Germany are the unopposed economic heavyweights of Europe. Together they wield decisive influence over European economic policy. Now France wants convergence over fiscal policy.
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 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.
The EU and Japan have signed an unprecedented free trade agreement which will create one of the world's largest trading blocs. European Council President Donald Tusk says it is a "clear message" against protectionism.
Global trade tensions have been brewing for months with tariffs and counter-tariffs flying between the US, China and several other countries. The US government has now challenged some of the tariffs at WTO level.
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