Is Trump damaging his own economy? The manufacturing and agricultural industries say the knock on effect of price increases can be huge.
US President Donald Trump has hit out again at US trading partners, indicating he is ready to impose tariffs on every product imported from China into America. Trump also ramped up attacks on the EU and Federal Reserve.
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.
China has launched an anti-dumping probe into stainless steel products from the EU, Japan, South Korea and Indonesia at a time of growing fears worldwide about escalating trade tensions and their potential fallout.
At a finance ministers' summit, the group issued a statement calling for dialogue over economy-killing trade disputes. The US reportedly tried to woo the EU and Japan for leverage over China.
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