Accusing the Canadian government of subsidizing its forest products industry, Donald Trump has slapped sizeable tariffs on its softwood exports to the US. Critics say it’s a smokescreen to distract from his lack of action on trade with China.
Washington has banned exports to the Chinese state-controlled chipmaker accusing Fujian of stealing intellectual property. The move comes amid reports that the US plans to slap tariffs on all of China's imports.
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.
Poland is replacing its Russian gas with imports from the US and Norway. The move could help cement US military security promises, but what price is Warsaw willing to pay as Berlin goes ahead with its Russian gas plans?
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.
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