Bloc turns some of the weapons it had trained on Beijing towards Washington for potential use in the erstwhile allies' worsening trade war Last year, as the European Union's 27 members prepared to vote on whether to impose tariffs on Chinese-made electric vehicles,

The U.S. and China are engaged in an intensifying trade war, with Trump now aiming to blunt one of Beijing's crucial weapons.

Amid the escalating trade war, Donald Trump said that China also wants what US has, the "American consumer", or say the American "money".

President Donald Trump has slammed Federal Reserve Chair Jerome Powell, reiterating his frustration the Fed has not aggressively cut interest rates and saying the central bank leader’s “termination cannot come fast enough.

Exports to the U.S. are a contentious issue for U.S. President Donald Trump and Japanese negotiators are in Washington to argue their case against higher U.S. tariffs.