US-German trade relations have seen better days as higher US tariffs and EU countermeasures are bound to take their toll. AmCham Germany's Eveline Y. Metzen says negotiations are key to avoiding a full-blown trade war.
The EU and Japan have signed an unprecedented free trade agreement which will create one of the world's largest trading blocs. European Council President Donald Tusk says it is a "clear message" against protectionism.
European Commission President Jean-Claude Juncker says he is "cheerful and relaxed" ahead of a visit with Donald Trump to prevent a trade war with the US. He has arguments, but no offers. DW's Bernd Riegert reports.
Since helping shape the General Agreement on Trade and Tariffs (GATT) in 1948, the World Trade Organization's forerunner, the US has been at the forefront of trade liberalization. That era appears to be ending.
German Finance Minister Olaf Scholz has added his voice to calls by the IMF and others to avoid a trade war with the US. But the US' man at the G20, Steve Mnuchin, continued to threaten tariffs if US demands are not met.
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