Tuesday, 17 July, 2018

European Union delivers stark warning to United States over auto tariffs

The European Union Mexico and Canada have all the hit U.S. with billions in retaliatory tariffs The European Union Mexico and Canada have all the hit U.S. with billions in retaliatory tariffs
Laurie Berry | 03 July, 2018, 18:56

Whle tariffs could jeopardize $47 million in exports to China, the U.S. Chamber said, Pascrell said China's unfair practices have cost millions of American jobs.

European Union officials are claiming President Trump's new tariffs on auto imports could cost the us economy up to $14 billion.

With state-by-state analysis, the business lobbying giant argues the new tariffs risk a global trade war that will harm Americans.

The EU sent comments to the US for consideration in the Department of Commerce investigation into whether auto imports pose enough of a threat to USA national security to justify tariffs and estimating the economic impact.

Several states that voted for Donald Trump in the presidential election are likely to be among the hardest hit in the trade war the president has triggered, according to the nation's largest business organization.

The administration is poised to slap tariffs on tens of billions of dollars in Chinese products on Friday and has threatened duties on as much as $450 billion in goods from China, prompting threats of retaliatory measures from Beijing.

"European cars do not threaten or impair the health of the US industry and economy", Schinas said.

The EU leaders agreed "in substance" on Thursday (28 June) on a set of proposals to improve the World Trade Organisation, which should pave the way for finding common ground with US President Donald Trump and de-escalating the ongoing trade dispute. Harley Davidson announced it was moving some manufacturing overseas to avoid European Union motorcycle tariffs brought in as a response to United States duties on steel and aluminium imports.

Magic Johnson’s 2016 Tweet About LeBron James Cost Him Honorary Lakers Title
Fortunately for Laker fans, LeBron will follow as the next all-time great player to play for this historic franchise. With PG13 staying in OKC, the only hopes for LeBron to sniff a ring is if the Lakers trade for Kawhi Leonard .

The EU said the USA auto industry is in good health, but any restrictive duties could undermine that trend.

The commission said "up to $294 billion of United States exports. could be subject to countermeasures across sectors of the U.S. economy", which was equivalent to a staggering 19 percent of total USA exports in 2017.

The European Commission, the EU executive that handles trade for the bloc, said on Monday it was trying to convince its USA counterparts that imposing such tariffs would be a mistake.

With some of America's tightest trading partners imposing retaliatory measures, Mr Trump's approach to tariffs has unsettled financial markets and strained relations between the White House and the chamber.

European auto manufacturers in the United States export 60% of their cars, which helps the USA trade balance - a number Trump has been focused on.

WALL STREET: Major U.S. benchmarks closed higher Monday, buoyed by a last-minute rally from technology companies. The tariff which will apply to parts imported from China - circuit boards and "associated components" eg pretty much all of the electrical components many manufacturers in the U.S. use to source their parts will come into force on July 6th, as part of a wider set of tariffs including those from the EU.

Despite questioning the probe's legitimacy, the European Union has requested to take part in a Commerce public hearing on July 19-20.

Recommended

Moog warns that Trump trade tariffs pose a threat to its business Moog warns that Trump trade tariffs pose a threat to its business The European Union and Canada have also threatened to impose tariffs on billions of dollars worth of USA products. Farmers will pay dearly for 25 percent retaliatory tariffs on soybeans, which China plans to impose on Friday.

England players head for training before World Cup clash with Colombia England players head for training before World Cup clash with Colombia José Pékerman's charges have worked well in their preferred system of 4-2-3-1 against Poland and Senegal. I've always said we've had a chance but at the moment I can't see past Brazil.

Lebron James lands in Los Angeles Saturday Lebron James lands in Los Angeles Saturday Michael Jordan, Kobe Bryant . "And you're without going to be the biggest star of all, on the court and off the court. James will wear No. 23, the same number he wore in both of his Cleveland stops, league sources have told ESPN .

Woman declared dead after auto crash found alive in mortuary fridge Woman declared dead after auto  crash found alive in mortuary fridge However, a morgue employee happened to check on the body at some later point and discovered she was, in fact, breathing. A source at the Carletonville mortuary told the Sowetan newspaper: "Paramedics are trained to determine death, not us".

Swiss set up Sweden clash after pulsating draw Swiss set up Sweden clash after pulsating draw Embolo tested Keylor Navas with Switzerland's first chance of the half, though in truth the angle was too narrow to score from. The threat of a possible two-match suspension was lifted prior to the Costa Rica match and the players were fined instead.

Alexis Sanchez hopes Manchester United team-mate Romelu Lukaku finishes top Alexis Sanchez hopes Manchester United team-mate Romelu Lukaku finishes top FIFA World Cup 2018 Live Streaming: Brazil have not had the best of the starts in the World Cup in Russian Federation this year. They squeezed into the knockout rounds at Senegal's expense because they had picked up fewer yellow cards.

Samsung’s texting app apparently sent pictures to people’s contacts without permission Samsung’s texting app apparently sent pictures to people’s contacts without permission One user wrote on Reddit that his Galaxy S9+ send his entire photo gallery to his girlfriend, while he was sleeping at night. The only way people know this is happening, is once they receive a response from the recipient of the message sent.

Trump administration seeks to drop Iran's oil revenue to nothing Trump administration seeks to drop Iran's oil revenue to nothing The main focus of this is re imposition of sanctions on Iran, particularly an effort to drive oil exports to zero . Navy regularly has direct, tense encounters with Iran's paramilitary Revolutionary Guard there.

Federer faces ID crisis in switch from Nike to Uniqlo Federer faces ID crisis in switch from Nike to Uniqlo Federer looked his same old self in his new gear, disposing of Dusan Lajovic 6-1, 6-3, 6-4 in the first round. The good thing is it's not theirs forever. "In a short period of time, it will come to me".

Thailand cave rescue: Joy and relief as boys found alive Thailand cave rescue: Joy and relief as boys found alive Aside from belongings left at the mouth of the cave and handprints on the walls, no trace of them has been found since. Australia, the United States, China, Myanmar and Laos and other countries also have sent specialists to the cave.

MAPS: A look at the 'Pawnee Fire' burning near Clearlake Oaks MAPS: A look at the 'Pawnee Fire' burning near Clearlake Oaks Tan recommended limiting outdoor physical activity if in the Capay Valley, or downwind of the fire itself. People with questions regarding Solano County evacuations or advisories should dial (707) 398-8261.

Trump says he’ll announce Supreme Court pick July 9 Trump says he’ll announce Supreme Court pick July 9 Possible nominees being eyed include Thomas Hardiman, who serves alongside Trump's sister on the Philadelphia-based 3rd U.S. Kennedy will retire on July 31 , after more than 30 years on the court. "That's not a question I'll be asking", he said .

Kawhi Leonard Trade Offers ‘Underwhelming’ For Spurs So Far Kawhi Leonard Trade Offers ‘Underwhelming’ For Spurs So Far James' media ventures that include everything from product endorsements to running his own production company take place in Los Angeles.

Key GOP senator says no Roe v. Wade opponent for high court President Trump has announced that he will name a candidate to replace retiring Associate Justice Anthony Kennedy on July 9. Collins and fellow senator Lisa Murkowski of Alaska are the only two nominally pro-choice Republicans in the Senate.

Dell is going public again Dell is going public again Dell reported consolidated adjusted cash flow of $2.4 billion in its latest quarter, up by a third year-on-year. Other options have included a Dell public offering or combination with VMware , Dell said in a January filing.