Indonesia threatened to ban imports of goods from the European Union in retaliation for the bloc’s move to impose stricter limits on how palm oil can be used in green fuels.
European Union leaders staved off the threat of the U.K. crashing out of the bloc without a deal next Friday by giving Theresa May an extra two weeks to work out what to do.
Italy is ready to lead other European countries into signing up for China’s new Silk Road, despite U.S. and allies’ concerns at Rome’s new openness towards the Asian giant.
Under the temporary regime announced Wednesday, the U.K. would avoid slapping tariffs on most imported goods, though prices of key European Union products including beef, cheese and cars would rise.
The world’s two largest economies are nearing the finish line on a trade deal that could be signed by President Donald Trump and his Chinese counterpart Xi Jinping as early as this month. But that doesn’t mean the trade war ends.
The Trump administration imposed a tariff on steel imports last year to get companies to buy more American metal. In some ways, the duty has the U.S. solar business doing the exact opposite.