Friday, 17 August, 2018

Europe, Japan Meet Face-to-Face with United States over Trump's Tariffs

This time, China can fight back against tariffs US steel tariffs impact on local farmers
Edward Snyder | 12 March, 2018, 10:16

Claim: The US is suffering from a trade imbalance, with a trade deficit of $800bn (£579bn) in 2017.

Trump suggested in his tweet that the USA would not impose the aluminum and steel tariffs on the European Union if they dropped their tariffs.

Germany - singled out for particular criticism by Mr Trump - accused Washington of protectionism, calling the tariffs an "affront to close partners".

Mr Trump took to Twitter on Saturday morning to say he'd spoken with the prime minister and was "working very quickly" on a security agreement to avoid imposing tariffs. But he exempted Canada and Mexico and held out the possibility of excluding other allies. But since Trump signalled that exemptions were possible, reaction has been measured, and counter threats have been carefully calibrated so far. It "could really result in retaliatory actions by our trade partners and it just injects uncertainty to an economy that was doing quite well".

"The reality is that Trump's trade measures to date amount to small potatoes".

Freeland notes the written presidential proclamation putting them in place does not.

Tokyo and Brussels rejected any suggestion that their exports to the United States threatened the country's national security - Trump's justification for imposing the tariffs despite warnings at home and overseas that they could provoke a global trade war.

So then they say, 'We want those tariffs taken off'.

Japan, the United States' top economic and military ally in Asia, was next in line.

Prime Minister Justin Trudeau is heading to Canadian steel country this week on a three-day tour created to shore up the industry.




It remains unclear how hard it would be for the European Union to win an exemption. "No immediate clarity on the exact U.S. procedure for exemption however", Malmstrom tweeted after a trilateral meeting with U.S. Trade Representative Robert Lighthizer and Japanese Minister for Economy, Trade and Industry Hiroshige Seko in Brussels.

German Chancellor Angela Merkel urged dialogue and warned that "no one can win in such a race to the bottom". Domestic producers will be the biggest beneficiaries.

The target of Trump's ire is China, whose capacity expansions have helped add to global surpluses of steel. Included in this group would be vehicle manufacturers, equipment makers, construction firms, tool and dye makers, manufacturers of air conditioners, industries that use aluminum for packaging, like beer companies and canned food makers.

Beijing vowed to "firmly defend its legitimate rights and interests".

But, after meetings with United States trade envoy Robert Lighthizer in Brussels today, trade officials said there had been no progress and negotiations would need to continue.

The United States bought just 1.1 per cent of China's steel exports previous year compared with 12 per cent for South Korea and five per cent for Japan, according to the US International Trade Commission. Trump has championed coal exports as demand from power firms at home weakens.

"As a close security and trade partner of the United States, the European Union must be excluded from the announced measures".

Mnuchin told CNBC that he has been speaking with his foreign counterparts and "my expectation is there may be some other countries that [Trump] considers in the next two weeks" for exemptions.

The EU is also maintaining a threat of counter-measures that would target USA imports ranging from maize to motorcycles, and may publish its list next week to allow industry and other interested parties to give their input.

Recommended

  • Elizabeth Hurley's nephew Miles Hurley stabbed in Wandsworth

    Elizabeth Hurley's nephew Miles Hurley stabbed in Wandsworth

    While it's heartbreaking to hear that Miles suffered from the attack, we're glad to hear that his wounds are not very serious. Liz Harley returned hurriedly from the United States in London when she learned that her nephew was found stabbed.
    Chelsea boss Antonio Conte says N'Golo Kante fit after fainting incident

    Chelsea boss Antonio Conte says N'Golo Kante fit after fainting incident

    For a lot of the game we dominated, we created many, many chances, a lot of chances to score. "We must pay great attention". Eden Hazard has scored 68 Premier League goals for Chelsea , one short of equalling Jimmy Floyd Hasselbaink's tally.
    Zidane: Bale is a 'fundamental player' for Real Madrid

    Zidane: Bale is a 'fundamental player' for Real Madrid

    Isco and Kroos made way for Benzema and Lucas Vazquez with 19 minutes left but Eibar had two golden chances to score a second. Ronaldo chested the ball down and slammed it in at the near post.
  • Arizona vs. UCLA - 3/9/18 College Basketball Pick, Odds, and Prediction

    Arizona vs. UCLA - 3/9/18 College Basketball Pick, Odds, and Prediction

    The Wildcats shot 44.4 percent from the field while Colorado shot 46.2 percent, and Arizona outrebounded the Buffs 15-12 overall. USC is in its first Pac-12 Tournament final since 2009, when it won the only conference tourney title in school history.
    Richard Sherman to meet with other teams after talking with 49ers

    Richard Sherman to meet with other teams after talking with 49ers

    Sherman was due $13 million for the 2018 season and his release gives Seattle a salary cap savings of about $11 million. If the 49ers sign Sherman, it's the strongest sign yet that the 49ers-Seahawks rivalry is back in a big way.
    Sexton's buzzer beater lifts Alabama over Texas A&M

    Sexton's buzzer beater lifts Alabama over Texas A&M

    The freshman guard made a scintillating play and hard scoop shot to give his team life in its pursuit of an NCAA Tournament berth. The Aggies had won three in a row entering the game , including a 68-66 victory over the Crimson Tide six days ago.
  • Tamil Nadu: At least nine trekkers feared dead in Theni forest fire

    Tamil Nadu: At least nine trekkers feared dead in Theni forest fire

    District Superintendent of Police V Baskaran and revenue and forest officials were also overseeing the operations. Sitharaman said she was responding to a request from Tamil Nadu Chief Minister Palaniswami for the rescue efforts.
    PUBG reveals the 2018 roadmap - New map plans and more

    PUBG reveals the 2018 roadmap - New map plans and more

    Apart from that, the developer is planning on adding new Game Modes, new vehicles , and new weapons to bring some added variety. Finally , game stability is being targeted as well as anti-cheat methods and server security.
    Euro jumps after European Central Bank  softens stimulus view

    Euro jumps after European Central Bank softens stimulus view

    The ECB Governing Council meets on Thursday in Frankfurt , Germany, announcing its policy decision at 1245 GMT. However, Watson said this was consistent with Draghi's dovish view.
  • Patriots Acquire DT Danny Shelton From Browns

    Patriots Acquire DT Danny Shelton From Browns

    The big-bodied defensive tackle should immediately step in and contribute to a run defense that struggled at times last season. On Friday, Dorsey acquired quarterback Tyrod Taylor , wide receiver Jarvis Landry and cornerback Damarious Randall .
    Trump attacks Canada over 'highly restrictive' trade tactics

    Trump attacks Canada over 'highly restrictive' trade tactics

    Energy also weighed on the commodity-heavy TSX, as oil prices saw sharp losses for a second day in a row after the U.S. Closer to home, his hot rhetoric about trade with Mexico and Canada is propelling our neighbors to start pulling away.
    Arun Jaitley to contest RS polls from Uttar Pradesh: BJP

    Arun Jaitley to contest RS polls from Uttar Pradesh: BJP

    Going by their present strength in the state Assembly, the ruling Congress can comfortably win three seats and the BJP one. The BJP on Wednesday announced the names of eight Rajya Sabha nominees, of which seven are Union ministers.

Baylor Bears miss NCAA Tournament for first time since 2013 Baylor Bears miss NCAA Tournament for first time since 2013 The game will be on Tuesday night at 9pm at Purcell Pavillion at the Joyce Center and will be broadcasted on ESPN. The victor of that game will advance to face the victor of No. 1 seed Notre Dame and eight seed Hampton.

International Women's Day 2018 International Women's Day 2018 Moreover, I have worked with Congress to enact policies that encourage American women to pursue careers in the global arena. Status of Women Minister Maryam Monsef says that in Canada, women hold only one-fifth of the positions on corporate boards.

A Nun In the Katy Perry Property Lawsuit Died In Court A Nun In the Katy Perry Property Lawsuit Died In Court Archbishop Jose Gomez said: "I was sad to hear the news of her passing and I have offered a mass for the repose of her soul". Katy Perry wants it and she has no concern for the awful path of destruction she is creating to get it.

Right To Die With Dignity - Passive Euthanasia Permissible With Guidelines - Says SC Right To Die With Dignity - Passive Euthanasia Permissible With Guidelines - Says SC In the absence of a law authorizing doctors to invoke an advance directive, they keep incurable patients on life support, he said.

Tariffs To Create Ripple Across US Economy Tariffs To Create Ripple Across US Economy Railroad tracks run past the blast furnaces of the now-closed Bethlehem Steel mill in Bethlehem, Pennsylvania, April 21, 2016. That country supplies less than 5 percent of the steel and about 10 percent of the aluminum that the United States imports.

Labour suspends party members in antisemitic Facebook group Labour suspends party members in antisemitic Facebook group A Labour spokesman said: 'The Labour Party is committed to challenging and campaigning against anti-Semitism in all its forms. I have removed myself from it", he stressed. "It is repugnant if there are antisemitic posts - and I gather there are".

SIT to probe Naveen's 'links' with ultra-right SIT to probe Naveen's 'links' with ultra-right The Karnataka government later formed a 21-member SIT, led by Inspector General of Police B K Singh, to investigate the case. The police officer said Kumar has been apprehended on Friday on suspicion of providing weapons used to kill Lankesh.

Trump will get the military parade he wanted - just not the tanks Trump will get the military parade he wanted - just not the tanks The White House budget director recently told Congress the cost to taxpayers could be between $10 million and $30 million. The organizers also call for veterans to wear different periods' uniforms and perform reenactments.

Cleveland Browns Trade: Damarious Randall fits at corner or free safety Cleveland Browns Trade: Damarious Randall fits at corner or free safety The former Notre Dame quarterback started 15 games as a rookie with the Browns, but he apparently has been identified by new G.M. Clearly, the Packers weren't satisfied with the way Hundley performed last season after Aaron Rodgers broke his collarbone.

2018 free agency: Raiders showing interest in Richard Sherman 2018 free agency: Raiders showing interest in Richard Sherman San Francisco is Sherman's first visit and Pelissero reports that meetings with the team will continue through the afternoon. In addition, 49ers defensive coordinator Robert Saleh was a member of the Seahawks from 2011 to 2013.

US Reacts to President Kenyatta-Raila Unity Pledge US Reacts to President Kenyatta-Raila Unity Pledge Both Kenyatta and Odinga had said in a joint statement that they agreed to establish a new office staffed by advisers. Kenyatta added that the two leaders would begin to discuss "what ails us and what creates division amongst us".

Charlize Theron actually urinated herself when she met David Oyelowo Charlize Theron actually urinated herself when she met David Oyelowo Charlize Theron with her mother Gerda at the 78th annual Academy Awards nominees luncheon in Beverly Hills February 13, 2006. While they do take sleep medication, Charlize suggested they try a strain to get a more restful night's sleep .

Saudi crown prince warns Turkey now part of 'triangle of evil' Saudi crown prince warns Turkey now part of 'triangle of evil' This would be spread across sectors including finance, education, healthcare, renewable energy and defense, May's office said. Demonstrators are protesting against Britain for licensing 4.6 billion pounds of weapons sales to Saudi Arabia since 2015.

Britain deploys specialist troops to Salisbury where Russian double agent, daughter poisoned Britain deploys specialist troops to Salisbury where Russian double agent, daughter poisoned Around 180 troops, including Royal Marines, RAF and chemical specialists, are understood to have been deployed. British experts have identified the substance used, which will help identify the source of the nerve agent .

PS4 Exclusive Days Gone Has Been Delayed Until 2019 PS4 Exclusive Days Gone Has Been Delayed Until 2019 The third new Library tab is a PS+ tab, showing which games in your collection are from the monthly free giveaway selections. As previously revealed, firmware 5.50 introduces several new features, the most significant of which is Supersampling Mode .