Canada began imposing tariffs Sunday on $12.6 billion in U.S. goods as retaliation for the Trump administration’s new taxes on steel and aluminum imported to the United States. Some U.S. products, mostly steel and iron, face 25 percent tariffs, the same penalty the United States slapped on imported steel at the end of May. Other U.S. imports, from ketchup to pizza to dishwasher detergent, will face a 10 percent tariff at the Canadian border, the same as America’s tax on imported aluminum.

German carmaker BMW told US President Donald Trump's trade minister that border taxes on autos would cost investment and jobs in America, in a letter seen by AFP Monday. Far-reaching effects from tariffs already in place and new ones mulled by the White House could mean "strongly reduced export volumes and negative effects on investment and employment in the United States," the firm warned.

China has denied it will fire the opening salvo in an escalating trade dispute with the US, insisting that it would not bring in 25% tariffs on $34bn (£26bn) of American goods before a move from Washington. Both sides have threatened to impose similarly sized tariffs on 6 July, but because of the 12-hour time difference, it was thought the Chinese tariffs on US imports ranging from soybean to stainless steel pipes could take effect earlier. However, China’s finance ministry issued a statement on Wednesday saying that it would not be the first to levy tariffs.

German Chancellor Angela Merkel has warned the Trump administration that hitting auto imports with new tariffs would have dire consequences. ''We now have tariffs on aluminum and steel and we have a discussion that is far more serious," Merkel told German lawmakers on Wednesday. "This is taking on the contours of a trade conflict — I don't want to use words that go any further. It's worth every effort to try and defuse this so that this conflict does not become a war.''

After months of threats and skirmishes, the trade war between the United States and China is about to get serious. On Friday, the world's top two economies are due to exchange fire by hitting $34 billion of each other's exports with steep new tariffs, the first moves in what may become a devastating cycle of retaliation. The planned measures have already unsettled markets and provoked warnings from companies of damage to their bottom lines and higher prices for consumers.

China on Friday accused the United States of starting "the biggest trade war in economic history" as the two sides imposed steep new tariffs on tens of billions of dollars of each other's exports. The Trump administration's 25% tariffs affect more than 800 Chinese products worth $34 billion such as industrial machinery, medical devices and auto parts. They kicked in just after midnight ET, which is noon in Beijing.

It’s easy to overlook Donald Trump’s new tariffs amidst the caterwauling din that is our 24-hour news cycle, but Harley Davidson isn’t the only business to be impacted by the president’s tax battles. Moog Music, the company behind the iconic Moog synthesizer, may also have to take its business overseas, resulting in massive layoffs. Moog sent out an e-mail to customers this warning customers that an impending 25% import tax on Chinese circuit boards and associated components will “immediately and drastically increase the cost of building our instruments...

President Donald Trump’s daughter has long had her apparel and shoes made in China and thanks to a major exemption for Chinese garment and footwear in the tariffs dispute, the clothing industry looks likely to be left unscathed. The U.S. imposed an additional 25 percent tariff on $34 billion worth of Chinese goods on Friday. Among the sectors affected were nuclear reactors, boats and aircraft, but clothing was exempted.

Europe will stand “united” against President Donald Trump’s trade policies, the French government said on Sunday, adding that the “the [trade] war has already started.” French Finance Minister Bruno Le Maire said European governments will retaliate against any additional tariffs from Washington in a unified front, as Trump visits the continent to negotiate with leaders and attend a North Atlantic Treaty Organization (NATO) summit in Brussels.

Despite her father’s rallying cry to “buy American and hire American,” 100% of Ivanka Trump’s fashion products were made overseas—at least until early 2017. And now her goods are avoiding the sweeping tariffs enacted by President Trump in his trade war with China. On Friday morning, Trump implemented $34 billion in tariffs on Chinese goods ranging from auto parts to medical devices, according to the Huffington Post.

Automaker BMW says it will build more of its popular SUVs overseas to offset the higher cost of sending cars to China due to recently enacted tariffs. BMW also said it will raise the price of South Carolina-built vehicles sold in China to help offset that country's new 40 percent import tax on cars from the U.S., retaliation for higher tariffs on Chinese goods imposed by President Donald Trump. The dpa news agency reported that Munich-based BMW said Monday it is "not in a position to completely absorb the tariff increases."

President Trump this week will likely release a list of Chinese goods to hit with $200 billion in tariffs, according to a Bloomberg report on Tuesday. The new list will come days after the U.S. levied duties on $34 billion in Chinese imports, which resulted in retaliatory tariffs from China of the same amount against U.S. goods.

The head of the European Commission on Monday urged China to open up its economy to avoid escalating existing trade disputes. Reuters reported that European Commission President Jean-Claude Juncker met with Chinese Premier Li Keqiang, where the two discussed the importance of free trade. China has drawn scrutiny from President Trump and other world leaders for its protectionist policies, prompting the Trump administration to implement steep tariffs and set off concerns of a global trade war.

The European Union and Japan signed a landmark deal on Tuesday that will eliminate nearly all tariffs on products they trade. The ambitious pact signed in Tokyo runs counter to President Donald Trump’s moves to hike tariffs on imports from many U.S. trading partners. It covers a third of the global economy and markets of more than 600 million people.

Japan and the European Union have signed a massive trade deal that creates an open-trade zone for more than 600 million people. The EU and Japan account for about one-third of GDP worldwide. The deal has been in the works for years, but the parties reached an agreement in principle a year ago, several months after President Trump pulled the United States out of the Trans-Pacific Partnership, a major trade deal with Japan and 10 other nations.

President Donald Trump on Friday threatened to place tariffs on all goods imported by the US from China in a major escalation of the burgeoning trade war between the two nations. “I’m ready to go to 500,” Trump said in an interview with CNBC’s Joe Kernen that aired Friday morning. The US imported $US505 billion worth of goods from China in 2017, according to Census Bureau data.

European Union officials are preparing for the worst ahead of talks with the US about the future of trade. President Donald Trump and his administration are considering tariffs of as much as 20% on US automobile imports from Europe. EU officials are readying a list of retaliatory tariffs to be applied should the two sides fail to reach an agreement.

Well, that de-escalated quickly. After chatting for less than two hours, U.S. President Donald Trump and European Commission President Jean-Claude Juncker walked into the White House Rose Garden Wednesday afternoon and announced that they had struck a deal to stop the cycle of tit-for-tat tariffs that has been threatening to blow up into an all out trade war between some of the world’s most important economies.

Mexico's grain millers are reportedly shifting their trade priorities to be less dependent on U.S. exports ahead of possible retaliatory tariffs by the Mexican government in response to the Trump administration's trade moves, a decision that could have major effects on the domestic grain market. Reuters reports that three major grain milling companies in Mexico that have purchased the vast majority of their wheat and other grains from the U.S. are looking at Russian suppliers and other options in Latin America.

According to President Trump, “trade wars are good, and easy to win.” This controversial hypothesis is currently being put to the test, as the U.S. has become engaged in its biggest trade dispute since the Great Depression. Trade War 2018… So Far In the first six months of 2018, the United States and its trading …