Auto industry officials are cautiously breathing a sigh of relief after hearing word from Washington that the Trump administration may delay, possibly even scrub, a move that could impose new tariffs of up to 25 percent on imported vehicles and car parts.
The European Commission has decided not to reinstate import tariffs for now on Argentine biodiesel, saying although it considers the fuel to be a subsidized import and a threat to industry, it wants more information.
President Donald Trump's tariffs on another $200 billion of Chinese imports took effect Monday, with Beijing accusing Washington of "economic intimidation" as the standoff between the world's top two economies clouds the global outlook.
The Trump administration is considering more than doubling its planned tariffs on $200 billion in Chinese imports, ratcheting up pressure on Beijing to return to the negotiating table, three people familiar with the internal deliberations said.
The European Union has warned that it would impose duties on $20 billion of American products if US President Donald Trump makes good on his tariff threat on imported cars, the bloc’s trade commissioner said.
The International Monetary Fund (IMF) warned world economic leaders that a recent wave of trade tariffs would significantly harm global growth, a day after US President Donald Trump threatened a major escalation in a dispute with China.