“I’ll get you and your cranberries too” Economist Irwin Collier and DW’s Helena Humphrey discuss Europe’s possibilities for striking back at US tariffs on steel and aluminum with Brent Goff
The US president increased tensions with the hike as the stock markets went into a tailspin. Trump tweeted that he would be increasing tariffs by 5% on $300 billion of Chinese goods.
The imminent US tariffs on Chinese goods are expected to throw up some unexpected winners in Europe, a study shows. The gains for the European countries are only likely to increase if China chooses to retaliate.
The European Union has slapped countervailing tariffs on imports of subsidized biodiesel from Indonesia. The southeast Asian country has threatened to retaliate but experts say counter tariffs could be self-destructive.
The president accused the central banker of being an "enemy" of the US, comparing him to Chinese leader Xi Jinping. Trump has been critical of the Federal Reserve not cutting interest rates faster or deeper.
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