China is America's biggest external creditor with $1.17 trn in Treasuries as of Jan, or 19% of all foreign holdings of US govt securities
US negotiators will use the threat of tariffs to persuade China to abandon the policy of forcing US firms to part with technical knowhow
If selective tariffs are taken to the WTO, then there is a good chance that these will be declared to be not in keeping with the rules
Tariffs would not be limited to technology and telecommunications equipment
The European Commission accused Trump of "cherry-picking" data to distort the debate in a transatlantic dispute over US metals tariffs that threatens to become a trade war
EU officials have said they wouldn't enter into trade negotiations in exchange for waivers from the import tariffs of 25 per cent on steel and 10 per cent on aluminium
US industries processing steel and aluminium have also criticised the tariffs as landing them with higher costs
EU and Japan, United States' top economic and military ally in Asia, also reiterated that their exports were not a threat to US national security, rejecting Trump's justification for imposing tariffs
Turnbull said the two leaders discussed the importance of a 'fair and reciprocal' trade relationship between Australia and the US
The provisional list correlated strongly with Republican congressional districts and included Harley-Davidson motorcycles, bourbon, rice, kidney beans, sweet corn, tobacco and peanut butter
Sajjan Jindal, chairman of JSW Steel, however, asked the government to impose similar tariffs on steel made overseas to protect Indian manufacturers
"We are an ally, not a threat," European Commission Vice President Jyrki Katainen said
Asia-Pacific nations sign sweeping trade deal without US
Republicans and the financial markets, which sank over fears that across-the-board tariffs would incite retaliatory action that stunts the United States' economic growth
The tariffs would impose duties of 25 per cent on steel and 10 per cent on aluminium to counter cheap imports, especially from China, that the president says undermine US industry and jobs
Harley-Davidson already is being hit by a deepening slump in American motorcycle demand, which has spurred job cuts
India imports about 10 mt of ferrous and non-ferrous metal scrap from across the world of which US contributes nearly 20%
Commerce secretary Wilbur Ross played down the possible effects of the proposed tariffs on the US economy
The tariffs rest on a little-used legal provision that allows Trump to restrict imports to try to bolster American industrial base in interest of national security
While the obvious winners are American manufacturers that will likely become more competitive