International trade

Turkey has launched a legal process against U.S. tariffs on steel and aluminum imports, the Trade Ministry said in a written statement on Monday.

The Netherlands hope Greece will continue to implement sound economic policies now that the country has exited its third bailout program, the country's Ambassador to Athens, Caspar Veldkamp, said on Monday.

AFP - Business economists overwhelmingly worry President Donald Trump's trade wars will harm the US economy, according to a survey released Monday.

The Trump administration on Thursday is due to impose its latest round of punitive tariffs on China, putting 25 percent duties on another $16 billion in imports, with Beijing poised to retaliate dollar-for-dollar.

Turkey invited the U.S. to a panel in the World Trade Organization (WTO) about doubling tariffs on steel and aluminum imports, Turkish Trade Minister Ruhsar Pekcan said on Wednesday.

The White House on Aug. 15 said U.S. tariffs on aluminum and steel imports from Turkey are "specific to national security." 

AFP - China has blasted US tariffs on solar panel imports, filing a complaint at the World Trade Organization in the latest salvo of the trade battle between the world's two economic giants.

Turkey has increased tariffs on several United States-origin products.

The Turkish Trade Ministry has said Turkey would keep defending domestic steel and aluminum exporters on any international platform against additional United States tariffs, which are "against World Trade Organization [WTO] rules."

Russia warned Friday that if the US followed through with threats to impose further harsh economic sanctions it would be seen as a "declaration of economic war".

Economic globalization, in other words the total dependence of nation states and big corporations on international credit rating agencies and the financial markets, has ushered in a new weapon for political compliance, the effectiveness of which is currently being tested on allies as well as foes by US President Donald Trump, made up of sanctions, tariffs and other protectionist measures.