Group of Seven finance ministers ended their annual meeting Saturday with US allies united in condemning Washington’s aggressive protectionism, calling on President Donald Trump to reverse his decision to impose punishing metal tariffs. The lack of common ground meant the dispute would continue into next week’s G7 summit in Quebec, Canada, where Trump is expected […]
tariffs
In attempt to ease tensions, China lowers tariffs on US goods
China said Thursday it wanted to avoid an escalation of trade tensions with the United States, as the two sides held new talks and Beijing decided to lower some tariffs. The overture came two days after the White House said its planned trade sanctions against China were still in the works despite the announcement of […]
Tariffs illegal, economic nationalism will hurt the world: Macron to Trump
Emmanuel Macron told Donald Trump late Thursday that tariffs on steel and aluminium imports from the European Union were “illegal” and that the EU would respond in a “firm and proportionate manner”, the Elysee Palace said. The phone call between the French president and his US counterpart came after the US announced the steep metals […]