International trade

A man walks past a bank's electronic board showing the Hong Kong share index in Hong Kong Wednesday, Aug. 8, 2018. Shares are mostly higher in Asia after the U.S. followed through with plans to put higher tariffs on $16 billion in Chinese exports. (AP Photo/Vincent Yu)

In this Friday, Aug. 3, 2018, photo, a woman walks past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo. Asian stock markets followed Wall Street higher on Tuesday, Aug. 7, 2018, as strong corporate profits helped to defuse fears over U.S.-China trade tensions. (AP Photo/Eugene Hoshiko)

European Union foreign policy chief Federica Mogherini, left, and New Zealand Foreign Minister Winston Peters address a press conference after their meeting at Parliament in Wellington, New Zealand, Tuesday, Aug. 7, 2018. Mogherini said the EU is encouraging enterprises to increase their business with Iran, as that country has been compliant with their nuclear-related commitments. (Mark Mitchell/New Zealand Herald via AP)

A currency trader stretches himself while working at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Monday, Aug. 6, 2018. Asian stocks rose Monday despite a new Chinese threat of tariff hikes on U.S. goods after Washington reported solid employment numbers. (AP Photo/Ahn Young-joon)

U.S. Secretary of State Mike Pompeo, center, talks with Indonesian President Joko Widodo, unseen, during their meeting at Merdeka palace in Jakarta, Indonesia, Sunday, Aug. 5, 2018. (Beawiharta/Pool Photo via AP)

FILE - In this Wednesday, Jan. 31, 2018 file photo, British Secretary of State for International Trade Liam Fox speaks during the inaugural meeting of the UK-China CEO Council at the Great Hall of the People in Beijing. Britain's international trade minister says it's likely the U.K. will fail to agree a divorce deal with the European Union before it leaves the bloc next year. Trade Secretary Liam Fox told the Sunday Times newspaper on Sunday, Aug. 5 that "intransigence" by EU officials "is pushing us towards no deal." (AP Photo/Mark Schiefelbein, file)

FILE - In this July 6, 2018, file photo, a container ship is docked at a port in Qingdao, in eastern China's Shandong Province. The Trump administration is proposing raising planned taxes on $200 billion in Chinese imports to 25 percent from 10 percent, turning up the pressure on Beijing in a trade war between the world's two biggest economies. (Chinatopix via AP, File)

In this Monday, July 23, 2018 photo, lobster fisherman Ernie Piton looks out from his boat Risky Business in Key Largo, in the Florida Keys. Lobster fishermen in the Florida Keys fear a trade war with China could undermine storm recovery in the island chain. Lobsters are among the seafood and other U.S. goods hit by Chinese tariffs in early July, after the Trump administration put tariffs on billions of dollars' worth of Chinese goods. (AP Photo/Lynne Sladky)

Republican U.S. Rep. Marsha Blackburn campaigns Thursday, Aug. 2, 2018, at a cafe in Brentwood, Tenn. Blackburn is strongly embracing President Donald Trump as she claims the Republican nomination for Tennessee's open U.S. Senate seat. (AP Photo/Mark Humphrey)