From next week, the US will be slapping tariffs on its steel and aluminium imports from abroad. But could this lead to retaliatory measures? Fears are growing of a trade war.
Germany is on track to record the world's largest trade surplus for a third consecutive year. The country's $299 billion surplus is poised to attract criticism, however, both at home and internationally.
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.
Fresh figures from Beijing have shown that China's closely watched trade surplus with the United States eased in July. But the headline numbers are unlikely to soften the US administration's stance on the Asian country.
The WTO chief warned that the trade dispute with was risking loss of investment, jobs, and economic chaos in the US. "We are calling everyone who believes that trade is a force for good to speak up," he said.
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