Donald Trump has signed the hefty new tariffs into law flanked by metalworkers. He said he was stopping what he called "an assault" on the US.
The world's largest free trade agreement — one between the EU and Japan — is expected to go into force in February. Nearly all duties will be removed.
President Trump and Chinese leader Xi agreed to a 90-day stop to new tariffs in a step to slow an ongoing trade war. The meeting came on the heels of a G20 summit that called for revamping world trade rules.
Asian shares have jumped to three-week highs following a report that US President Donald Trump is aiming for a swift trade deal with China. The news came only days after Washington had threatened more punitive tariffs.
After a diplomatic ice age that has lasted a few years, China and Japan are warming to one another again. Japan is also making deals with India. These are signs of a changed paradigm in Asia, DW's Frank Sieren writes.
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