Iran says sponge iron exports surged by 86% y/y in February despite a 10% tariff imposed on shipments.

A tariff war between the US and the EU is threatening to hurt Italy's exporters.

China says it will halve additional tariffs levied against some imports from the United States, following the signing of a preliminary trade deal with Washington.

US President Donald Trump has increased trade tariffs on steel and aluminum, claiming the two commodities impact national security.

France and Germany say the European Union will respond reciprocally to any additional US tariffs on the bloc’s products.

​​​​​​​European shares reversed course and edged lower on Wednesday as US President Donald Trump threatened to impose high tariffs on imports of cars.

Foreign Minister Zarif says America’s renewed threat of tariffs on Europe’s auto industry shows the EU3's submission to US bullying on the Iran nuclear deal only worked to “whet Trump's appetite.”

The European Union warns that if a trade agreement between the US and China creates “distortions” in the market, it will challenge the deal at the World Trade Organization (WTO).

The European signatories to the Iran nuclear deal have triggered the dispute resolution mechanism in the agreement.

Berlin has confirmed that the US has threatened Germany, France and Britain of higher tariff on EU car exports over Iran’s nuclear deal.