Donald Trump's leading economic adviser has become the latest high ranking White House employee to quit his post. Gary Cohn was the leading internal opponent to Trump's plans to impose import tariffs on steel and aluminium.
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.
After imposing one set of tariffs on China in July, the Trump administration announced another round on a further 279 items on Tuesday. China immediately made good on its promise match the US dollar for dollar.
In the wake of US tariffs on steel and aluminum, the EU has made several counter moves and has now raised tariffs of its own on steel imports which exceed quotas based on current levels.
US Trade Representative Robert Lighthizer has said the scope of tariffs on China is set to increase. The measure would come amid an ongoing trade dispute and after Trump threatened to apply levies on all Chinese goods.
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