With midterm elections looming, China and the EU are trying to see if Trump will stick to his plan or cave, says Andy Pudzer, former CEO of CKE Restaurants.
CNBC's Phil LeBeau breaks down what Trump's threat to impose 20-percent tariffs on European cars means for the larger auto industry.
CNBC's Kayla Taushe reports on the latest headlines about the back-and-forth between China, the European Union and the U.S. over trade.
President Donald Trump tweeted another tariff threat Friday, this time targeting imported autos. The president said on his feed that if the European Union does not removed duties on U.S. cars, then the U.S. will have no choice but to act.
Howard Davies discusses the latest developments in the U.K.'s aim to leave the European Union.
Tony Fratto, Hamilton Place Strategies founding partner, and Patrick Chovanec, Silvercrest Asset Management chief strategist, discuss the rising trade tensions between the U.S. and the EU as news that German automakers have proposed lifting import tariffs of U.S. autos.
The Wall Street Journal reported that Richard Grenell, the U.S. ambassador to Germany, has been in talks recently with the chief executives of German carmakers BMW, Volkswagen and Daimler, where they pitched the idea of ending car tariffs between the U.S. and the EU. During these talks, the executives said they would be in favor of scrapping these levies as part of a broader deal encompassing industrial goods, the Journal said.
The Wall Street Journal is reporting that German automakers are proposing to remove a 10-percent European Union auto import tax.
Mark Grant, B. Riley FBR, discusses the market impact of President Trump's trade policies in China and the EU.
Holger Schmieding, chief economist at Berenberg Bank, discusses reports of infighting in Germany's coalition over EU immigration policy.