Tariff

President Donald Trump said Saturday he would spare the European Union his steel and aluminum tariffs if the bloc halts its own trade barriers to US products, in his latest round of economic hardball.

Turkey aims to achieve a framework this year for a delayed economic partnership agreement with Japan, according to the economy minister, who also warned that Ankara is prepared to take action to counter planned U.S. tariffs.

US President Donald Trump slapped steep trade tariffs on foreign steel and aluminum Thursday, drawing sharp protests from allies at home and abroad amid fears of a global trade war.    

Donald Trump formally adopted new tariffs on steel and aluminium imports on Thursday while allowing US allies to apply for exemptions, a sign of growing concern in Washington that the president was alienating America's closest international partners.

Canada and Mexico, and possibly other countries, may be exempted from planned U.S. import tariffs on steel and aluminum on the basis of national security, the White House said on March 7.

The International Monetary Fund’s Managing Director Christine Lagarde said on March 7 that nobody wins in a trade war and that the macro-economic impact of U.S. tariffs on imports would be serious if other countries respond with tariffs of their own.

Turkey and the European Union have decided to move together at the World Trade Organization (WTO) platform against the United States’ planned tariffs on steel and aluminum imports, the Turkish Economy Ministry has announced.

U.S. President Donald Trump’s administration appears unbowed by broad domestic and international criticism of his planned import tariffs on steel and aluminum, saying on March 4 that the president is not planning on exempting any countries from the stiff duties.

Greece's steel industry is on high alert after US President Donald Trump's decision to slap a 25 percent tariff on imports of the commodity.

Ordering combative action on foreign trade, President Donald Trump declared on March 1 the U.S. will impose steep tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies.