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President Donald Trump launched an investigation on Thursday to determine whether Chinese and other foreign-made steel threatens U.S. national security, raising the possibility of new tariffs and triggering a rally in U.S. steel stocks. Source Reuters
Germany on Thursday pushed back against U.S. criticism of its trade surplus, saying ahead of global finance talks in Washington that nobody could blame Berlin for the competitiveness of ‘Made in Germany’ products. Economy Minister Brigitte Zypries said the government had only limited influence on trade flows. Source Reuters
Exxon has been seeking permission from the United States to drill with the Russian state-owned Rosneft in certain banned areas and applied in recent months for a waiver to proceed in the Black Sea, the newspaper reported, citing people familiar with the matter. Source Reuters