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Taiwan's Trade Minister John Deng has said he does not expect the Australian government, led by Prime Minister ...

In front of these very banners, the president made good on his promise to impose tariffs on $34 billion worth of chinese imports. china made good on its promise too, imposing its own retaliatory tariffs on the same value of american products and accusing the united states of setting off, quote, the largest trade war in economic history to date. as of now there are no scheduled meetings between the largest economies in the world, so it is not clear how long this trade war is going to last. so far the markets don't seem too concerned about this, betting on the idea that this will be short-lived....

Breaking news, harley-davidson, an iconic american company, saying this morning that they will move some of their production to europe. why? they're trying to avoid european union tariffs on u.s. goods. the eu announced tariffs in response to the trump administration's tariffs on steel and aluminum imports from europe. harley-davidson calls this the only sustainable option, says they could lose as much as $100 million a year if this trade war keeps heating up. it is notable that harley-davidson makes most of its motorcycles in the united states, in states that were very important to trump's wi...

Administration's trade moves, seem more like knee-jerk impulses than any kind of carefully thought out strategy. >.the most obvious accomplishmet on trade so far is bringing a lot of chaos that united allies and china against us. >> reporter: wilbur ross insists there were serious efforts to resolve the dispute with europe. >> we had tried very hard to have good negotiations before the steel and aluminum tariffs were put on. >> reporter: the administration's moving full speed ahead with its take no prisoners approach on trade. secretary ross is reviewing car imports and is expected to announce...

Imposing a new tariff's regime on long time allies. >> it's also frustrating to watch as the administration's trade moves seem more like knee-jerk impulses than any kind of carefulfully thought out strategy. its most obvious accomplishment on trade so far is sewing a lot of sowing a lot against us. >> and the approach on trade. secretary ross is in the midst of review of automobile imports and expected to announce new policies later this summer. in a few weeks, the u.s. will look into taxing billions in goods from china. leland: thank you. how does this affect you and your pocket book at home?...