Turkey’s president appeared to escalate a dispute with the United States that has helped foment a Turkish currency crisis, claiming Aug. 14 that his country will boycott U.S.-made electronic goods. Behind the scenes, however, diplomats resumed contact to ease tensions.
President Donald Trump has said that something needs to be done to even what he views as a global trade imbalance between the United States and other countries. And that “something” is steep tariffs on steel and aluminum, goods made in China and cars imported from Europe and Asia. Even Canada, America’s largest trade partner, has become a target of Trump’s tariff threats.July 5, 2018
Negotiators will be hard-pressed to wrap up talks on the North American Free Trade Agreement anytime soon, considering the Trump administration’s list of objectives for the deal, Canada’s envoy to the United States said.