After the G7 summit ended in disarray, fears are growing that a trade war between the US and the EU could be brewing. US President Donald Trump is now threatening to increase tax on car imports.
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.
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.
During ongoing discussions about reworking the NAFTA free trade pact, Robert Lighthizer has said that he expects a breakthrough in the coming days, though his Mexican counterpart has urged more flexibility for a deal.
The bill puts watered-down controls on US government contract with China's ZTE Corp and Huawei Technologies. Nevertheless, China has expressed concerns about new measures in the defense act.
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