Spanish olives have become another victim of the transatlantic trade dispute. They’re a popular product in the US, but Donald Trump has lost his appetite. He’s slapped hefty import duties on them, apparently to protect Californian olive farmers.
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.
Washington has said Turkey's tariffs on US products ranging from cars to tobacco was "a step in the wrong direction." Ankara's diplomatic and trade spat with Washington has contributed to a full-blown currency crisis.
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.
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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