US tariffs on steel and aluminum will be imposed on European producers from Friday on. The EU Commissioner for Trade still hopes to avert them. Washington, however, remains stubborn.
Never before have the US midterm elections attracted so much interest abroad. Many in the EU hope that the vote will weaken US President Donald Trump. However, observers say, that could prove dangerous internationally.
Trump has warned that if Democrats won power in the midterm elections, the US economy would see higher taxes, endangering jobs as a result. But cohabitation means legislative stagnation is more likely.
Amid intensifying trade friction between Washington and Beijing, a new round of US tariffs took effect on Monday, raising the stakes for both sides. China seems to have several tools up its sleeve to counter US tariffs.
The trade conflict between the US and the EU escalates: After Trump's threat to slap higher duties on auto imports from the bloc, the EU warns it could sanction US exports worth billions.
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