Trump calls it unfair that some countries apply higher tariffs to specific American goods than the U.S. applies back. A new executive order seeks to change that.

Now, Trump’s tariffs represent another blow for the industry. The US president has repeatedly attacked countries such as Germany for running trade surpluses with the US – an imbalance he has blamed for job losses in America’s ex-industrial Rust Belt.

The German press warns of an escalation in the trade conflict with the United States, following President Donald Trump's announcement of 25% tariffs on steel and aluminium imports. "Handelsblatt" advises the EU to draw inspiration from China,

President Trump plans to implement 25% tariffs on steel and aluminum imports, escalating trade tensions. The move will significantly impact imports, primarily from allies like Canada, Mexico, Japan, and Germany.

Donald Trump's trade advisers were finalizing plans on Wednesday for the reciprocal tariffs the U.S. president has vowed to impose on every country that charges duties on U.S. imports, ratcheting up fears of a widening global trade war.

Also in today’s newsletter, ‘If there’s no immigrant labour, there’s no milk, no cheese, no butter, no ice cream’