Global leaders have been speaking out against Trump’s decision to impose a 25% tariff on steel imports. The levies are due to come into effect in two weeks. But the World Trade Organization has signaled there is still time to talk.
Despite their repeated attempts, US retailers have so far been unable to veer President Trump away from imposing tariffs on imports from China. His latest tariffs, however, have the potential to hit American consumers.
As the number of countries launching WTO proceedings against the US increases, Trump said he was mulling removing the US from the organization. He said the body had treated Washington "very badly."
Once the "Manhattan of the Midwest," Youngstown has been hit hard by the decline of the US steel industry. But hope is returning and some say it's because of their man in the White House. Lars Gesing reports from Ohio.
Amid intensifying trade friction between Washington and Beijing, a new round of US tariffs took effect on Monday, raising the stakes for both sides. China seems to have several tools up its sleeve to counter US tariffs.
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