What impact might the planned US tariffs on steel and aluminum have once they're imposed? Will they really help to create new jobs in the US as hoped for by the president? DW's Daniel Winter takes a closer look.
Global trade tensions have been brewing for months with tariffs and counter-tariffs flying between the US, China and several other countries. The US government has now challenged some of the tariffs at WTO level.
US officials have revealed a list of Chinese goods they will be targeting with 10 percent tariffs, raising fears of an escalating trade war. US retailers have slammed the decision, as has China itself.
Chinese officials condemned US punitive tariffs, threatening that it could launch "the biggest trade war in history." Beijing plans to bring the trade dispute to the World Trade Organization.
Despite reciprocal tariffs being imposed by the US, China and the EU, many economists think there is still only the threat of an all-out trade war. So what happens if tensions escalate further?
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