Trade relations
The delay comes at a critical time for the US and its trade relations with other countries. On Monday, Beijing implemented retaliatory tariffs on US imports after Mr Trump lifted levies on a further $200bn of Chinese goods, following a breakdown in trade talks between the two nations. The US President characterised it as a "little squabble". However, shortly afterwards, Mr Trump declared a "national emergency" to protect US computer networks from "foreign adversaries". While the announcement did not name any individual companies, it was widely perceived to be directed at Huawei, the Chinese telecoms equipment maker, which has faced claims its products could be used by China for surveillance. Huawei has vehemently denied the allegations.Retaliation
Mr Trump has taken an aggressive attitude in the past towards cars made outside the US. In 2017, he warned car makers that if they built cars in Mexico for export to the US then they would attract a 35% tax. Most of the major car firms have plants in Mexico and the industry has warned that tariffs would result in higher prices and threaten jobs in the US. Cecilia Malmstrom said the EU would respond if the US lifted car tariffs The EU has threatened to respond if the US lifts tariffs on imports of European cars. Cecilia Malmstrom, European Commissioner for Trade, told Bloomberg earlier this week that the EU was already considering which US products to target with higher levies if Mr Trump's administration went ahead with the move. She said: "We are already preparing a list of possible items that would be on that list. "The moment this is official - if this happens, I still hope it won't - then we would publish that list." Last year, the EU imposed higher tariffs on some US goods, including Harley Davidson motorcycles, in retaliation for Washington's decision to raise duties on imported steel and aluminium.DISCLAIMER: The Views, Comments, Opinions, Contributions and Statements made by Readers and Contributors on this platform do not necessarily represent the views or policy of Multimedia Group Limited.
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