New tariff hike might price Germany $18BN

Along with withdrawing troops from Germany, Donald Trump is escalating his commerce dispute with the European Union. He says tariffs on vehicles and vans will rise to 25 % subsequent week as a result of the bloc shouldn’t be complying. That’s 10 proportion factors larger than the speed agreed in a commerce deal final July. The automotive sector is very essential to the EU, as automobile manufacturing makes up a major a part of Europe’s financial system. Charlotte Lam reviews.