Wednesday, 12 December, 2018

European Union expects exemption from United States steel and aluminium tariffs

GOP Lawmakers Voice Little Support For Trump's Tariffs European Union expects exemption from United States steel and aluminium tariffs
Laurie Berry | 10 March, 2018, 12:50

The White House said Canada and Mexico will initially be excluded from the tariffs, which will take effect March 23 - and will contain a clause to recognize relationships with other countries and offer some flexibility, while not imposing a national security or economic threat to the United States.

"When we're behind on every single country, trade wars aren't so bad", Mr. Trump said at a press conference with the Swedish prime minister on Tuesday.

"We suspect many countries will argue against tariffs before the enforcement date, but those that don't receive exemptions will respond with retaliatory measures", Oxford Economics said in a note.

He said: "We will, of course, be looking to see how we can maximise the UK's case for exemption under these particular circumstances". It also precedes by just days a special election in a Pennsylvania congressional district that includes many communities once dependent on the steel industry and where Mr Trump is due to campaign on Saturday.

"If you look at North Atlantic Treaty Organisation, where Germany pays one percent and we are paying 4.2% of a much bigger GDP - that's not fair", he said.

US Trade representative Robert Lighthizer will deal with countries seeking exemptions.

If the countries providing 25, 30 or even 40 percent of the steel coming into the United States - it would be 40 percent if Japan and South Korea were also exempted - are not subject to the new tariffs, that would not seem to be much of a boon to US steel manufacturers.

US Steel to Restart Illinois Plant Operations Amid Trump's Tariff Plans
Steel announced Wednesday it will restart a blast furnace next month in Granite City. Steel spokeswoman, told the News Tribune.

Trump announced on Thursday that he's slapping a 25 percent tariff on steel imports and 10 percent on aluminum.

The president will have the discretion to add or subtract countries and raise or lower the tariffs at any time, a senior administration official said. "Senator John McCain, Chairman of the Senate Armed Services Committee, said Trump's decision to impose steep tariffs on steel and aluminium imports will not protect America".

Announcing the tariffs, Trump said Canada and Mexico would be excluded and other countries could negotiate exemptions, but he singled out Germany for particular criticism.

Watch above, via The White House.

European industry associations called on Malmstrom to respond if the EU was subjected to the tariffs, saying they would hit the steel and aluminium sectors hard.

U.S. President Donald Trump says his big tariff announcement is coming today, even as his White House wrestles internally over the policy, numerous political allies warn him against it and the rest of the world watches warily.

"Instead of getting right at China, the president's across-the-board tariffs will cause more damage to key allies and other domestic industries", Schumer said.

Recommended

Hugh Grant has become a dad for the fifth time aged 57 Hugh Grant has become a dad for the fifth time aged 57 While promoting The Royals , Elizabeth couldn't help gushing over Hugh, whom she has been very close to for years. He's even a godfather to her teen son, 15-year-old actor Damian Hurley. "He's an enchanting dad".

YOUNG: Reconstructed Celtics have the rest of the National Basketball Association green with envy YOUNG: Reconstructed Celtics have the rest of the National Basketball Association  green with envy Wiggins went 6 of 21 from the field and had four turnovers to go along with 13 points, seven rebounds and four assists. The Boston Celtics clinched a place in the post-season play-offs after beating the Minnesota Timberwolves 117-109.

Jefferies Group Reiterates Buy Rating for Wynn Resorts (WYNN) Jefferies Group Reiterates Buy Rating for Wynn Resorts (WYNN) The deal is a $2.6 billion payout to Aruze USA, a subsidiary of Universal Entertainment, the Wall Street Journal reported. The company's stock had a trading volume of 9,410,000 shares, compared to its average volume of 5,780,000.

Wilshere 'no closer' to signing Arsenal contract extension Wilshere 'no closer' to signing Arsenal contract extension The Gunners midfielder will become a free agent in the summer, as talks stall over a new deal to tie the England worldwide down in North London.

Umtiti being tempted by Manchester United move Manchester United are considering activating Barcelona defender Samuel Umtiti's £54m (€60m) release clause this summer. According to Sport , Umtiti will be offered €9million per season in a bid to lure him to Old Trafford.

Trump rolling out big trade tariffs, sparing Mexico, Canada Trump rolling out big trade tariffs, sparing Mexico, Canada China is the world's largest producer of "met coal", but it consumes it all and buys more from overseas , including from the U.S. Canada is expressing cautious optimism after Trump announced the country is exempt from the new steel and aluminum tariffs.

Reason why Vijay Deverakonda not promoting his old film Ye Mantram Vesave Reason why Vijay Deverakonda not promoting his old film Ye Mantram Vesave Nikhil, a gaming addict and an online flirt, dedicates his complete schedule in gaming and scouting of girls in online chatrooms. In this process, she meets Nikky ( Vijay Devarakonda ), a popular gamer who is also very famous among young women for his looks.

State gets roster for primary election, first since Trump State gets roster for primary election, first since Trump For the most contested House primary races, Tuesday's contests provided no resolution, only a narrowing of the field. The same works in the other direction: A Republican wave would probably overwhelm the new pro-Democratic map.

Syracuse grad Sean McDonough leaving 'Monday Night Football' for ESPN college football Syracuse grad Sean McDonough leaving 'Monday Night Football' for ESPN college football His assignments will include high-profile national games each week, as well as a College Football Playoff Semifinal. McDonough signed a multi-year extension, agreeing to return to college football coverage this fall.

South Korea to deliver secret message from Kim Jong Un to Trump South Korea to deliver secret message from Kim Jong Un to Trump But he sounded a positive note on the planned Trump-Kim summit, hailing it as "the achievement of cooperation between". Kim responded by calling Trump a "mentally deranged U.S. dotard ".

Sufi Singer Pyarelal Wadali Dies At 75 Sufi Singer Pyarelal Wadali Dies At 75 Doctors said he could not be revived and he died on Friday morning. "Saddened by the demise of Pyarelal Wadali". One of their famous song is Tu maane ya na maane dildara from the album Farid , which released in 2004.

US Embassy Warns About Threat To Mexico Resort Town, Issues Travel Ban US Embassy Warns About Threat To Mexico Resort Town, Issues Travel Ban USA citizens are warned not to travel to five Mexican states including Colima, Guerrero, Michoacán, Sinaloa, and Tamaulipas. Embassy says it's banned its employees from using ferries and issued a warning to travelers to exercise increased caution.

October first poster: Varun Dhawan's melancholic look is intriguing October first poster: Varun Dhawan's melancholic look is intriguing Directed by Shoojit Sircar, the teaser for October was released on Valentine's Day and the trailer is to be released on March 12. Speaking about the film, Shoojit had earlier told indianexpress.com, "I have always experimented with and tested myself".

Indiana AG Curtis Hill Backs Immigration Lawsuit Against California Indiana AG Curtis Hill Backs Immigration Lawsuit Against California Dave Williams and other state lawmakers met Thursday with advisers from the White House Domestic Policy Council. ICE says 800 more were spared after Oakland Mayor Libby Schaaf warned the public of possible arrests.

What Neymar told former Barcelona teammates before PSG's Champions League exit What Neymar told former Barcelona teammates before PSG's Champions League exit The acquisition of Neymar Jr , who was sidelined for the second leg against Real Madrid , is a transfer that I can agree with.