Mnuchin said that G7 industrial powers were taking seriously his call for them to drop tariffs, non-tariff trade barriers and subsidies and added the Trump administration would press these issues in upcoming talks with the European Union’s top executive.
China launched an anti-dumping probe into stainless steel imports worth $1.3 billion, including from a privately owned Chinese mill with operations offshore, after complaints that a flood of product has damaged the local industry.
European finance leaders called for progress on global rules to tax the digital economy at a meeting of G20 finance ministers and central bankers in Argentina, putting them at odds with U.S. counterparts.
Asian shares dipped on fears of more protectionist measures from the United States while the dollar declined against major currencies after U.S. President Donald Trump criticised the Federal Reserve’s tightening policy.
Theresa May’s plans to leave the European Union are overwhelmingly opposed by the British public and more than a third of voters would support a new right-wing political party committed to quitting the bloc, according to a new poll.
The rupee today staged an impressive rebound from life-time low levels, surging by 21 paise to end at 68.84 against the US dollar on suspected the central bank's intervention to check volatility in currency markets.
Libya rejects a European Union’s plan to establish migrant centers there to stop asylum seekers arriving in western Europe and it will not be swayed by financial inducements, Prime Minister Fayez al-Sarraj said.
Democratic Republic of Congo President Joseph Kabila said in a speech on Thursday that a presidential election in December would go ahead as planned, but he declined to say whether he would defy term limits to stand for re-election.
It is not yet clear if Europe will adapt quickly enough to rise to the new challenges it faces in taking more responsibility for solving conflicts in the world of the 21st century, Merkel said.
U.S. President Donald Trump on Friday said he was poised to impose tariffs on $500 billion of goods from China, threatening in an interview with CNBC to escalate the current trade clash with the Asian nation.