Europe will implement counter-measures against US tariffs on steel and aluminium, German Chancellor Angela Merkel said on Sunday, voicing regret about President Donald Trump’s abrupt decision to withdraw support for a Group of Seven communique.

President Donald Trump has taken a swipe at India along with the world's other top economies and accused New Delhi of charging 100 per cent tariff on some of the US' goods, as he threatened to cut trade ties with countries who are robbing America. Trump made the remarks in Canada's Quebec City where he was attending the G7 summit that ended in farce after he abruptly rejected the text of a consensus statement and bitterly insulted the host.

Voters who supported President Donald Trump in 2016 can be expected to cheer his tough stance on trade policy with Canada. A review of state-level trade data, though, may give many of them second thoughts. The U.S. and its second-largest trade partner moved closer to an outright trade war Sunday, after Trump and top White House advisors lashed out at Canadian Prime Minister Justin Trudeau. The tense exchange followed Trump's decision to abruptly withdraw support for a Group of Seven communique and verbally attack Trudeau as being "very dishonest and weak."

President Donald Trump approved tariffs on about $50 billion of Chinese goods, people familiar with the decision said, as the U.S. ratchets up its trade fight with Beijing over China’s alleged pressure on U.S. firms to transfer technology to Chinese partners. The approval followed a 90-minute meeting on Thursday of senior White House officials, national-security officials and senior representatives of the Treasury, Commerce Department, U.S. Trade Representative’s Office.

German Chancellor Angela Merkel hinted at a new front in the trade row with the United States, warning that Europe's strategic interests rode on the future of Europe's car industry and hinting at competition probes of U.S. internet giants. Just as U.S. President Donald Trump had given national security as a reason for threatening punitive tariffs on German cars, "We should think about the strategic significance of the auto industry for the European Union so we can prepare an exchange with the U.S.," she said.

The U.S. has a surplus of $20 billion with China and $1.4 trillion with the rest of the world. That’s not a normal trade balance, of course, where the U.S. registered an annual deficit of more than $330 billion with China and about $550 billion with the world last year, but an "aggregate sales surplus" which measures both direct trade and the sales of multinational companies, according to research by Deutsche Bank AG.

The Trump administration launched an investigation into whether tariffs are needed on the imports of automobiles into the United States, moving swiftly as talks over the North American Free Trade Agreement have stalled. President Donald Trump predicted earlier that U.S. automakers and auto workers would be "very happy" with the outcome of the NAFTA talks.

President Trump is either building up trade walls or tearing them down, but no matter which view is right, he’s definitely putting investors and Wall Street on edge. On Friday the White House said it would proceed with plans to sock $50 billion in Chinese goods with steep tariffs after talks on removing trade barriers in China got nowhere. And even though Trump promised to ratchet up sanctions if China retaliated, China quickly vowed a tit-for-tat response.

U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion 150.76 billion pounds) of Chinese goods, prompting a swift warning from Beijing of retaliation, as the trade conflict between the world's two biggest economies quickly escalated.

On Friday, continuing to labor under the (now fully debunked) assumption that trade wars are “good” and “easy to win,” Donald Trump announced tariffs on $50 billion of Chinese imports, with the first $34 billion going into effect July 6. Predictably, China announced a plan to retaliate, saying it would “immediately introduce the same scale and equal taxation measures,” and that “all economic and trade achievements reached by the two sides will be invalidated.”

As a Canada-U.S. trade dispute threatens to grow nastier, Prime Minister Justin Trudeau is encouraging Canadians to travel and spend at home though he stopped just shy of urging a boycott of American goods and destinations.

European Union tariffs on products from the United States will go into effect on Friday. The European Commission announced Wednesday that it had approved initial retaliatory tariffs on US exports worth €2.8 billion ($3.2 billion). The tariffs will hit American products including motorcycles, orange juice, bourbon, peanut butter, motor boats, cigarettes and denim. They are a response to the Trump administration's tariffs on steel and aluminum exports from Europe.

President Donald Trump tweeted another tariff threat Friday, this time targeting imported autos from the European Union. The president said on his feed that if the EU does not removed duties on U.S. cars, then the U.S. will have no choice but to act. The threat comes just two days after Commerce Secretary Wilbur Ross said no decision had been made on whether the U.S. would extend the volley of tariffs it has imposed on other goods to the automobile industry.

The European Union says it will continue a tit-for-tat escalation in its trade dispute with the U.S. while countering President Donald Trump’s assertion that the U.S. is being treated unfairly by the 28-nation bloc. Jyrki Katainen, the EU commissioner in charge of jobs and growth, told the French newspaper Le Monde in a story posted Saturday that if Trump applies new tariffs to European cars, as he threatened this week, the bloc “again, would have no choice but to react.”

Milwaukee-based motorcycle manufacturer Harley-Davidson announced Monday that it will move the production of its European Union-bound motorcycles to sites overseas as a direct result of President Trump's escalating trade war, the Financial Times reports. Harley-Davidson said that European Union tariffs, which were imposed in retaliation to Trump's tariffs on imported steel and aluminum, would increase the average cost of a motorcycle to the EU from the U.S. by around $2,200, Marketwatch reports.

The President has threatened Harley-Davidson with severe taxes and accused the company of misleading Americans.

President Donald Trump on Tuesday threatened the motorcycle maker Harley-Davidson with "a big tax" after the company announced plans to move some of its manufacturing to Thailand, and he also accused the company of using new trade tariffs as an excuse to leave the US. "Early this year Harley-Davidson said they would move much of their plant operations in Kansas City to Thailand," Trump tweeted Tuesday. "That was long before Tariffs were announced. Hence, they were just using Tariffs/Trade War as an excuse."

President Donald Trump is not a fan of the World Trade Organization. Axios is reporting that Trump has told several top White House officials he wants to withdraw the United States from the WTO. “He’s [threatened to withdraw] 100 times. It would totally [screw] us as a country,” one source told the media outlet. The same source said Trump has told his advisors, "We always get f---ed by them [the WTO]. I don’t know why we’re in it. The WTO is designed by the rest of the world to screw the United States."

Canada’s foreign minister announced Friday that Ottawa plans to impose about $12.6 billion worth of retaliatory tariffs on U.S. goods on July 1, joining other major U.S. allies striking back in the escalating trade dispute. The country is working closely with the European Union and Mexico, according to Foreign Minister Chrystia Freeland. “We will not escalate, and we will not back down,” Freeland said. Canada's announcement is part of larger fallout from U.S. President Donald Trump's announcements on trade.

Canada's countermeasures against the Trump administration's steel and aluminium levies have come into effect. On Sunday, the day the country celebrates its national holiday, Canada imposed a 25% tariff on assorted US metals products. Tariffs of 10% have also been imposed on over 250 other US goods like beer kegs, whiskey and orange juice.