The United States has imposed sanctions on five Chinese companies involved in Iranian oil trade as part of its pressure campaign on Iran. China’s Ministry of Commerce responded with a blocking order, directing Chinese firms not to recognize, implement, or comply with US sanctions.
Trump accuses EU of ’not complying’ with trade deal, announces tariff increase on European cars and trucks from 15% to 25%, and urges European automakers to build in the US.
Trump announces a 25% tariff on EU car and truck imports, accusing the bloc of failing to comply with trade agreements, potentially triggering a new wave of transatlantic trade tensions.
The Associated Press reports that Trump has announced a 25% tariff on cars and trucks imported from the EU, accusing the bloc of failing to comply with trade agreements, potentially triggering new turmoil in global auto markets.