Saturday, 22 September, 2018

China accuses Trump of damaging global trade with tariffs

Trudeau Canadian Prime Minister Justin Trudeau attends a Liberal Party fundraiser in Toronto on Wednesday
Ebony Burgess | 11 March, 2018, 01:59

It recognized the complex, integrated economies of all three trade partners in the North American Free Trade Agreement (NAFTA), and the damage a 25% import tariff on steel and 10% tariff on aluminum imports into the US would cause all three nations.

"We have to protect and build our steel and aluminum industries, while at same time showing flexibility and cooperation between those friends of ours on a trade basis and military basis", he said.

"The American steel and aluminium industry has been ravaged by aggressive foreign trade practices".

"The loss of exports to the U.S., combined with an expected massive import surge in the European Union, could cost tens of thousands of jobs in the European Union steel industry and related sectors", said Axel Eggert, head of steel association EUROFER.

Railroad tracks run past the blast furnaces of the now-closed Bethlehem Steel mill in Bethlehem, Pennsylvania, April 21, 2016.

The measures will come into force in 15 days and, for now, they will only exclude Canada and Mexico, because they are negotiating the North American Free Trade Agreement, in which they participate along with the United States.

Here's the thing, though: The indefinite exemptions for Canada and Mexico already cover 25 percent of the steel imported to the United States.

That U.S. Steel plant is in Granite City, Illinois, which is near St. Louis.

The senior administration official lambasted critics of the president's tariffs saying, "Nobody inside the beltway should express any sort of surprise".

President Donald Trump is suggesting that Australia and "other countries" may be exempted from steel and aluminum tariffs, along with Mexico and Canada.

Let's go with Florida: all daylight saving, all the time
Rising groggily in the first days of adjustment to the time change can be challenging for all of us, but especially for children. Come Sunday, half the clocks in my house - those that have been off by an hour since November - will display the correct time .

Gareth Stace, director of UK Steel, said: "Slapping a 25% tax on steel from British companies is going to hit us hard".

In all, the state brought in $1.7 billion in steel and aluminum past year, according to the report.

"These measures could make a significant impact on the economic and cooperative relationship between Japan and the US, who are allies", said Japan's trade minister, Taro Kono, in a statement.

"I expect the administration to ramp up its engagement with Congress, stakeholders and our trading partners to ensure that today's actions lead to a sustainable solution that confronts the problems that we all know have been caused by China's rampant overcapacity in steel and aluminum", he said in a statement. Trump had them flown in hoping to illustrate his move with workers whose production lines and plants might be bolstered.

Lynch, a former ironworker, acknowledged that some countries are flooding the US with cheap steel, but stressed a more targeted approach would have been better.

See what cartoonists from around the globe have to say about the tariffs - and the possibility of a trade war.

"If you look at any tariff, it will have a negative impact on U.S.jobs and also on USA producers", he said, prior to the announcement.

"Because tariffs are taxes that make USA businesses less competitive and US consumers poorer, any tariffs that are imposed should be created to address specific distortions caused by unfair trade practices in a targeted way while minimizing negative consequences on American businesses and consumers", the letter states.

The European Commission had already warned on Wednesday that if the U.S. went ahead with its plan, it would retaliate with increased tariffs on American goods such as Bourbon whiskey, Levis jeans, Florida orange juice and peanut butter. Previously, Trump had promised tariffs on all countries. "Congress can not be complicit as the administration courts economic disaster", Flake said in a statement.

Recommended

  • Toddler locks mother's iPhone for 47 years

    Toddler locks mother's iPhone for 47 years

    By 25 million seconds, it does not mean the iPhone is locked for a few minutes or seconds, but the device is locked for 48 years . But this little kid did something that will make you vow never to give your phone in another toddler's hands, ever again.
    Tillerson due to arrive in Kenya on

    Tillerson due to arrive in Kenya on "listening tour"

    I think it is important that we listen to what the priorities of the countries here on the continent are. Tillerson would be in Addis at the same time, but that no meeting had been agreed.
    Android P Apparently Blocks Substratum Theme Engine, People Aren't Pleased

    Android P Apparently Blocks Substratum Theme Engine, People Aren't Pleased

    That patch was committed in December of 2016 , however the functionality remained disabled for subsequent Android releases. Ahead of the release, we have come across a few rumors that hint at the upcoming features of the next Android OS.
  • Fake news travels faster than truth

    Fake news travels faster than truth

    But, of course, Twitter won't do that. "But at the end of the day you're going to have to find a way to work with Facebook". It reached more than 20,000 people almost three times faster than other types of false news reached half that many people.
    San Antonio Spurs at Golden State Warriors Free Preview 03/08/18

    San Antonio Spurs at Golden State Warriors Free Preview 03/08/18

    Warriors second-year guard Patrick McCaw will continue to wear a light brace on his injured left wrist for at least another week. Australian Patty Mills contributed just eight points and two rebounds for the Spurs, who next face Oklahoma City.
    Jose Mourinho states his prediction for Man United v Liverpool FC

    Jose Mourinho states his prediction for Man United v Liverpool FC

    The former Southampton aimed a fresh dig at United by suggesting that Liverpool never play for a point like the 20-time English champions.
  • Battle Royale Coming To iOS And Android — Fortnite On Mobile

    Battle Royale Coming To iOS And Android — Fortnite On Mobile

    That's to say a player using an Xbox will be able to play with another player using a mobile device, like a smartphone or tablet. You can sign up to join the invite list on the Fortnite website starting on Monday, March 12.
    Sexton's buzzer beater lifts Alabama over Texas A&M, 71-70

    Sexton's buzzer beater lifts Alabama over Texas A&M, 71-70

    The problem with being in that group is that other results nationally can still have a huge impact on your tournament hopes. The Tide may have won yet another college football championship, but they can't let Nick Saban's team have all the fun.
    Judge to Trump: Try muting, not blocking followers

    Judge to Trump: Try muting, not blocking followers

    In addition, blocking Twitter users theoretically prevents them from being able to access official government communications. This has barred these users from interacting with the President's @ realdonaldtrump account.
  • Women empowerment need of the hour: Lok Sabha Speaker Sumitra Mahajan

    Women empowerment need of the hour: Lok Sabha Speaker Sumitra Mahajan

    OBC Bill, Economic Offenders Bill 2018 and Triple Talaq Bill also remain the main focus of the government during this session. Later, the House paid tributes to former members Prabodh Panda, Shyama Singh and Bhanu Kumar Shastri who had died recently.
    Prince Harry and Meghan Markle meet students on International Women's Day

    Prince Harry and Meghan Markle meet students on International Women's Day

    Meghan hugged the youngsters - including one who has dreams of being an actress - on her latest away day. Needless to say, we have all the confidence that she'll fulfill her role as a royal quite well.
    Weather Authority: Nor'easter to bring heavy snow

    Weather Authority: Nor'easter to bring heavy snow

    Lawrence County will see less snow, from 3 to 6 inches, most of which will fall Wednesday evening and overnight into Thursday . The heaviest additional accumulations of a foot of snow or more are most likely in parts of central and northern Maine .

Ex-Asheville cop arraigned on charges he beat man over jaywalking Ex-Asheville cop arraigned on charges he beat man over jaywalking Hickman resigned from the department sometime before january 19, according to a memo obtained by the Citizen Times . The pedestrian said he couldn't breathe as Hickman choked him, repeatedly hit him over the head and handcuffed him.

Nun Involved In Katy Perry Convent Lawsuit Collapses And Dies In Court Nun Involved In Katy Perry Convent Lawsuit Collapses And Dies In Court However, the sisters preferred Hollister's offer as it was more at $15.5 million and they had a stronger bond with her. The singer sought to buy the 32,375-square-metre property and its Roman-villa style buildings for US$14.5 million.

Passive euthanasia now legal in India Passive euthanasia now legal in India India with its historic judgment joined the likes of South Africa and Japan to allow Passive Euthanasia . It is legal in handful of countries namely-Switzerland, Netherland, Canada, certain states in the USA.

Free agent CB Sherman to visit 49ers Free agent CB Sherman to visit 49ers He ranks fourth in team history in interceptions with 32 behind only Dave Brown (50), Eugene Robinson (42) and John Harris (41). The 29-year-old cornerback was released by the Seahawks Friday and had dinner with Kyle Shanahan that night in the Bay Area.

Ronaldo is from another galaxy, says Zidane Ronaldo is from another galaxy, says Zidane Eibar equalized in the 50th when defender Ivan Ramis broke free of Sergio Ramos to head home a corner kick by Pedro Leon . Madrid coach Zinedine Zidane sent on Karim Benzema and Lucas Vazquez to look for the victor .

Cigarettes Present The Same Carcinogenic Chemicals As The Regular Cigarettes Cigarettes Present The Same Carcinogenic Chemicals As The Regular Cigarettes Levels of toxic organic compounds were up to three times higher on average in the e-cigarette users compared with the controls. The American Lung Association explained why: "There is no government oversight of these products ".

UCI chief calls for Team Sky investigation UCI chief calls for Team Sky investigation Brailsford, the figure who presided over a golden age in British cycling, has had his integrity seriously undermined. That is absolute rubbish, I have seen that accusation, but no that is complete rubbish.

Kolkata police registers case against Shami for domestic violence Kolkata police registers case against Shami for domestic violence Hasin Jahan , wife of ace Indian bowler Mohammed Shami claimed that the cricketer has been engaged in several illegal affairs. Jahan, meanwhile, said Friday that she will also write to the BCCI about the player's philandering nature.

Indiana Legislature Sends Bill Requiring Inspections of All Abortion Clinics to Governor Indiana Legislature Sends Bill Requiring Inspections of All Abortion Clinics to Governor That's the reaction of one pro-choice advocate after she learned members of the House voted 75 to 34 to pass House Bill 1510 . MS has just one abortion clinic, Jackson Women's Health Organization, which has only provided abortions through 16 weeks.

Black Panther spin-off movies that we badly need Black Panther spin-off movies that we badly need Imagine the faux outrage if Black Panther does make it to that level, considering the discussion Get Out sparked. Black Panther is now expected to open to a commanding $60 million dollars this weekend.

Broadcom promises on security, Qualcomm revamps board Broadcom promises on security, Qualcomm revamps board Currently, it is in the finale of redomiciling to the US and as expected the process would be completed by 6th May 2018. In a letter to Qualcomm, CFIUS said it was concerned that the deal posed a threat to USA national security.

NCAA Tournament selection show will be different this year NCAA Tournament selection show will be different this year Yeah, I know how good he is. "The truth is, there is no case [for Nebraska to make the tournament]", he added. And the Tar Heels would need to get past those two in order to reach their third ACC final in four years.

WaPo: Erik Prince, Seychelles Meeting Possible Kremlin Back Channel WaPo: Erik Prince, Seychelles Meeting Possible Kremlin Back Channel A Lebanese-American businessman who has acted as an adviser to the United Arab Emirates has been cooperating with Special Counsel Robert S.

Snow storm pounds US Northeast Snow storm pounds US Northeast The website said more than 2,100 flights had been delayed and 2,700 canceled , a lot of them in the Northeast, as of 8 p.m. Wind gusts up to 60 mph were forecast on Cape Cod, 45 mph at the Jersey shore and 30 mph around suburban Philadelphia.

Du Plessis: Warner & De Kock got a little personal on the field Du Plessis: Warner & De Kock got a little personal on the field The ICC were expected to make a finding by tonight, but the heat is on ahead of the second Test starting on Friday in Port Elizabeth .