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The United States is resisting pressure to back off President Trump's America First trade policy at a meeting of global finance leaders worried about the threat of a damaging trade war.
The move is the latest in a series of aggressive actions the administration has taken to combat what it calls unfair trade practices by China and other countries. American businesses worry that the administration's moves will draw painful retaliatory sanctions.
The world's financial markets are gripped by fear that an escalating trade rift between the United States and China may inflict far-reaching pain.
President Donald Trump signed an order Thursday that paves the way for imposing tariffs on as much as $60 billion worth of Chinese imports.
Trump's announcement that the U.S. would impose heavy tariffs on imported steel and aluminum raised a fear of retaliation by America's trading partners.
Just a week into talks to rewrite the North American Free Trade Agreement, President Donald Trump is already threatening to abandon the 23-year-old pact with Canada and Mexico.
President-elect Donald Trump has vowed to name China a currency manipulator. There's only one problem - it's not true anymore.
President-elect Donald Trump is threatening retribution for U.S. companies that move their business operations overseas and still try to sell their product to Americans.
Donald Trump blames Mexico and China for stealing millions of jobs from the United States. He might want to bash the robots instead.
An Associated Press series is examining issues at stake in the presidential election and how they affect people. This one focuses on trade.
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