US trade war could cost global economy $430 billion, IMF warns

The risk of current trade tensions escalating further is the greatest near-term threat to global growth, said the International Monetary Fund (IMF) in its latest World Economic Outlook report.

China Imposes Retaliatory Duties on 800 Goods from US

The Chinese authorities have imposed 25% duties on imports from the United States worth about $34 bln a year, according to a statement by the Main Customs Administration of the People's Republic of China.

EU Mulling Reciprocal Measures Against US Car Import Tariffs

The imposition of US tariffs on European Union vehicles and car parts could effect $300 billion in trade, and impact nearly all of the EU's member states, Bloomberg reported on Friday, citing the European Commission report obtained by the news agency.

Canada Files WTO, NAFTA Litigation to Counter US 'Illegal' Tariffs

Ottawa filed a pair of complaints to the World Trade Organization (WTO) and the North American Free Trade Agreement (NAFTA) panel to address the US tariffs on Canadian metals, Foreign Affairs Minister Chrystia Freeland said in a statement.

EU "should be excluded" from US new steel tariffs: trade commissioner

European Union (EU)'s Trade Commissioner Cecilia Malmstrom on Thursday night said the EU should be excluded from the new US tariffs on steel and aluminum imports.

EU outlines plan to counter US steel, aluminium tariffs

The European commissioners on Wednesday gave political endorsement to a proposal aiming to counter the possible US steel and aluminium tariffs, saying the EU stands ready to react "proportionately and fully" in line with the World Trade Organisation (WTO) rules once the US measures affect EU's interest.