Here is what you need to know.
The Trump administration reportedly drafted a bill to abandon key WTO rules. The Trump administration has drafted a bill known as the "United States Fair and Reciprocal Tariff Act," which would allow President Donald Trump to raise tariffs without Congressional approval, Axios says.
The EU hits back at Trump's claim it is 'as bad as China.' The European Commission has threatened tariffs on $300 billion worth of US goods if Trump follows through on his threat to place big tariffs on European vehicles imported into the US.
See the rest of the story at Business Insider
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