Tariff burden is commensurate with additional costs Turkey faces due to tariffs imposed on it by US, says Turkish ministry.
US announces a 25 percent tariff on up to $50 billion in Chinese goods to take effect on July 6. In reply, China spells out details to impose tariffs on 545 US exports.
A delegation led by Commerce Secretary Wilbur Ross met negotiators in Beijing at the weekend. China would abandon its commitment to buy more American goods if Trump's plan to impose tariffs on $50 billion of Chinese exports went ahead.
The US trade deficit narrowed in March for the first time in seven months as exports reached the highest level on record. The drop in the trade gap could point to higher growth in the first quarter than previously expected.
Until Washington grants them that full exemption, EU leaders say that they reserve the right "to respond to the US measures as appropriate and in a proportionate manner."
This first salvo in reaction to US steel and aluminium tariffs could be overshadowed by the decision to approve a possible tariff hike on Chinese goods worth up to $60 billion over Beijing's technology policy.
US President Donald Trump says that Australia and others could be exempt from trade tariffs - in addition to America's neighbors and NAFTA partners Mexico and Canada.
The blow by Brussels came hours after Trump's trade offensive brought the resignation of his top economic advisor Gary Cohn, an influential ex-Goldman Sachs banker who fiercely opposed the measures.
President Donald Trump says the US "will simply apply a tax" on cars made in Europe if the EU retaliates against the trade penalties he's seeking on imports of steel and aluminium.
Canadian Prime Minister Justin Trudeau and European Commission president Jean-Claude Juncker are among the critics of President Trump’s plans to impose heavy tariffs on steel and aluminum imports.
President Donald Trump says the US would impose tariffs of 25 percent on steel imports and 10 percent on imported aluminium next week, as global leaders mulled taking punitive measures.
The US Commerce Department recommended imposing heavy tariffs on China and other countries to counter a global glut in steel and aluminum, laying out an array of possible options in a report to President Donald Trump.
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