US President Donald Trump has decided slap hefty tariffs on foreign steel imports, in a bid to save the country’s dwindling industry. But could it lead to a trade war?
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.
The leaders agreed to work toward "zero tariffs" between the US and the EU, which would decisively reverse the slew of trade tariffs imposed recently. The deal involves the EU purchasing natural gas from the US.
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.
The US president will try to sell the interim agreement with the EU as his own exclusive success. But in reality the "deal" is a victory for the unity and the steadfastness of the EU, says DW's Carsten von Nahmen.
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