Merkel warns Trump against car tariffs threat
MG News | July 04, 2018 at 02:41 PM GMT+05:00
German Chancellor Angela Merkel on Wednesday warned US President Donald Trump against unleashing an all-out trade war after he threatened to impose steep tariffs on cars from the European Union.
Both sides were already locked in a "trade conflict" since Trump's decision to slap punitive tariffs on steel and aluminium imports, said Merkel, adding that "it is worthwhile to prevent this conflict from becoming a real war".
The EU has slapped tariffs on iconic US products including bourbon, jeans and
Harley-Davidson motorcycles, as a symbolic tit-for-tat response to the metals duties.
Taking aim at Trump over his complaint that the EU, and in particular Germany, is running a massive trade surplus against the US, Merkel said that his calculation is skewed as it is based only on goods, not services.
(APP)
Related News
| Name | Price/Vol | %Chg/NChg |
|---|---|---|
| KSE100 | 170,662.62 96.20M | 0.28% 471.97 |
| ALLSHR | 102,893.73 366.17M | 0.35% 360.75 |
| KSE30 | 51,018.32 37.31M | 0.25% 125.29 |
| KMI30 | 244,261.40 31.02M | 0.26% 638.33 |
| KMIALLSHR | 66,715.54 255.17M | 0.36% 237.59 |
| BKTi | 46,706.67 14.58M | 0.12% 58.24 |
| OGTi | 35,384.16 1.98M | 0.35% 122.14 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 63,710.00 | 65,925.00 61,545.00 | -1875.00 -2.86% |
| BRENT CRUDE | 96.69 | 97.44 96.45 | -1.12 -1.15% |
| RICHARDS BAY COAL MONTHLY | 120.00 | 0.00 0.00 | -0.70 -0.58% |
| ROTTERDAM COAL MONTHLY | 139.00 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,157.50 | 1,157.50 1,157.50 | 0.00 0.00% |
| CRUDE OIL - WTI | 94.97 | 95.91 94.76 | -1.05 -1.09% |
| SUGAR #11 WORLD | 14.22 | 14.64 14.21 | -0.16 -1.11% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|
Trade Balance