German carmakers are on edge after US President Donald Trump vowed to impose tariffs on vehicles made in the European Union. The United States is the second biggest export destination for German cars after China.
China has said it will hold a fresh round of trade talks with the United States in Washington later this month, providing some hope that the current conflict between the world's two largest economies can be defused.
Fresh figures from Beijing have shown that China's closely watched trade surplus with the United States eased in July. But the headline numbers are unlikely to soften the US administration's stance on the Asian country.
In the first half of 2018, German trade remained on a solid growth path. But is stagnation in July a first foreboding of a slowdown caused by mounting concern over US President Donald Trump's trade measures?
US President Donald Trump has announced higher tariffs on steel and aluminum imports from Turkey. The move added pressure to that nation's already troubled economy and came amid a diplomatic row with Washington.
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