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.
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.
After imposing one set of tariffs on China in July, the Trump administration announced another round on a further 279 items on Tuesday. China immediately made good on its promise match the US dollar for dollar.
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