US President Donald Trump’s threat to impose a 25 percent tariff on imported vehicles has left foreign carmakers on edge. German manufacturers and the EU are feeling the heat.
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.
The US president increased tensions with the hike as the stock markets went into a tailspin. Trump tweeted that he would be increasing tariffs by 5% on $300 billion of Chinese goods.
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.
The president accused the central banker of being an "enemy" of the US, comparing him to Chinese leader Xi Jinping. Trump has been critical of the Federal Reserve not cutting interest rates faster or deeper.
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