Trump's 'blanket' steel-import tariff now more like a shawl

The Associated Press

Few details have emerged from the White House over the scope and timing of Trump's tariffs - 25 per cent on steel imports and 10 per cent on aluminium - after a surprise announcement by the president last week.

Counter-measures would include European tariffs on USA oranges, tobacco and bourbon, he said.

Commenting on the USA policy, Canadian experts said while the temporary exemption granted to Canada will render Canadian-made steel and aluminum products a lower-price advantage, it is also a clear bargaining tool for Trump to pressure Canada in the ongoing NAFTA talks. Along with the USA, the two nations make up the North American Free Trade Agreement, which is largely aimed at stemming such punitive tariffs.

But at the same time, Trump said he was delaying imposing the tariffs on Canada and Mexico until the conclusion of discussions on NAFTA.

"The declining steel capacity utilization rate is not economically sustainable", the U.S. Department of Commerce found in its report.

Steel tariffs will inflict damage on a range of US industries that use steel as a key component in their final products.

Republicans say they fear the move could dampen the positive economic effects from the GOP's $1.5 trillion tax-cut law, which they're featuring as a key part of their 2018 midterm strategy.

"We understand the administration has good intent, and they're trying to solve a particular problem", he said.

"Tariffs can be an appropriate punitive tool when people are cheating the system, however, I'm not sure the administration has thought this through", he said.

Trump has championed coal exports as demand from power firms at home weakens. We just want fairness because we have not been treated fairly by other countries, ? he said.

"Tariffs won't start a trade war, there's 435 of them in place today to fight trade cheaters".

Many observers take a dimmer view of the six-month-old talks, saying little progress has been made and the negotiations are stalled over issues such as autos.

Some Trump aides and Republican lawmakers are making a final push to stop the tariffs.

"Taxes on steel and aluminum will be withdrawn only if a new agreement is signed", he said earlier on Twitter, reiterating his conviction that the United States has "large trade deficits" with its two neighbors. Despite this fact, the US president frequently says that Canada is taking advantage of the USA and that the Americans are the ones with the deficit.

The President also said other countries will be able to apply for exemptions based on their contributions to US national security and how much they pay into alliances such as North Atlantic Treaty Organisation.

"The biggest priority as a Congressman representing New Mexico is ensuring our local businesses are not adversely impacted by what the finalized package of tariffs includes and how it is applied", Pearce said.

It could also significantly increase the cost of road and bridge construction and hobble the administration's plans for an infrastructure initiative. "China would have to make a justified and necessary response".

"We also make steel for the American military programme so it's doubly absurd that we should then be caught on an investigation on national security".

General Motors, which purchases over 90 percent of the steel used for US production from USA suppliers, said Thursday it was encouraged by the temporary exemption for Canada and Mexico. "NAFTA, which is under renegotiation right now, has been a bad deal for U.S.A".

The European Union is raising the stakes for the Trump administration with tit-for-tat tariffs of 25% to hit $3.5 billion of USA goods.

"We hope that we can get confirmation that the EU is excluded from this", European Union Trade Commissioner Cecilia Malmstroem told policy makers, experts and reporters at an event in Brussels.

Related News:

  • Keenum to sign with Broncos when free agency begins

    Keenum to sign with Broncos when free agency begins

    In the meantime, Denver is coming off an atrocious 5-11 season. "I still think we're not too far away", Elway said at the combine. Prior to last season, Keenum had spent two up-and-down years with the Rams, where he compiled a 7-7 record as a starter.
    Counting for Uttar Pradesh's Lok Sabha bypolls: Highlights

    Counting for Uttar Pradesh's Lok Sabha bypolls: Highlights

    The BJP had swept 2014 Lok Sabha polls in the state winning 71 seats on its own while its alliance partner Apna Dal had won two. Gorakhpur has been a BJP seat for almost three decades but the SP and BJP joined hands this time hoping to spring a surprise.
    Xiaomi Redmi 5A 2GB RAM Model To Now Cost Rs

    Xiaomi Redmi 5A 2GB RAM Model To Now Cost Rs

    Xiaomi is all set to launch Redmi 5 in India on Wednesday following the launch of Redmi Note 5 and Redmi Note 5 Pro last month. The handset features a 5.99-inch FHD+ (2160x1080) display with an 18:9 aspect ratio and Corning Gorilla Glass for protection.
  • Latest Raspberry Pi 3 computer board now available from RS Components

    Latest Raspberry Pi 3 computer board now available from RS Components

    As you'd expect, the new board remains compatible with all the existing Pi 3 Model B accessories and retains the $35 price point. But this is still over three times faster than the 10/100 Mbps speeds provided by the previous Raspberry Pi board computers.
    Dzeko hails 'patient' Roma after narrow last-16 win

    Dzeko hails 'patient' Roma after narrow last-16 win

    But Roma came back from the break with renewed intensity and Dzeko scored in the 51st minute to bring the sides level at 2-2. Shakhtar ran out 2-1 winners in Ukraine, coming from behind to win thanks to goals from Facundo Ferreyra and Fred .
    This Is Us season 2 finale recap: 'The Wedding'

    This Is Us season 2 finale recap: 'The Wedding'

    Are you surprised that Kate is able to "let go" of Jack and make room for Toby? "I have my dream idea", she said at the time . Or when Randall says "it's time to go see her", he could be referring to Beth (or Annie)'s final resting place.
  • Denver Broncos going after free-agent fix in Keenum at QB

    Denver Broncos going after free-agent fix in Keenum at QB

    The last quarterback to get his first 10-win season at the age of 29 or older and then repeat the same feat the following year? Keenum has been allowed to hit the open market by the Vikings despite leading them to the NFC championship game last season.
    Trump abandons age 21 rifle purchase restriction

    Trump abandons age 21 rifle purchase restriction

    It's just such a striking fact of the American gun control debate that this whole issue is being discussed around arming schools. The tepid steps lessened the hopes of gun control advocates that Trump would take a stand in the wake of the Parkland shooting.
    In Challenge To Amazon, Walmart Will Deliver Groceries In Over 100 Cities

    In Challenge To Amazon, Walmart Will Deliver Groceries In Over 100 Cities

    Walmart's grocery delivery business will be supported by a number of partners, including Uber, the company said on Wednesday. New customers can get their first order delivered for free with the promotional code "FRESHCAR".
  • Jonathan Stewart to join Dave Gettleman's Giants

    Jonathan Stewart to join Dave Gettleman's Giants

    Really, this move doesn't really make any sort of sense, even if it's a relatively cheap deal. For most of the day, the terms had been unknown, but they have since been made public.
    Angela Merkel voted in for fourth term as German chancellor

    Angela Merkel voted in for fourth term as German chancellor

    She has also stressed the necessity of securing Germany's borders, and developing policies to mitigate the causes of migration. The Social Democrats agreed to join the government only after lengthy internal wrangling. "Now full steam ahead for Germany".
    Google Maps' voice navigation now available in 6 new Indian languages

    Google Maps' voice navigation now available in 6 new Indian languages

    Once approved, the uploader would get 15 points through Google's MapMaker initiative that helps encourage user contributions. In addition to this, a majority of addresses are hard to locate, especially those of people living in remote locations.

Most liked

Philippines to quit International Criminal Court: Duterte
Philippine officials had initially said in February that the country was ready to cooperate but asked for fairness. Duterte, however, argues that the Philippines can do as it pleases because he rejects the agreement as a whole.

Police Seek Man In University Nursing Student's Death
Haley Anderson was found dead Friday in the off-campus home of Orlando Tercero, a fellow student at Binghamton University. The suspect in the murder of SUNY Binghamton nursing student Haley Anderson was captured in Nicaragua on Tuesday. .

Browns reportedly targeting Nate Solder to replace Joe Thomas if he retires
Still, for a Texans team coming off a 4-12 season, and with Deshaun Watson coming off a torn ACL, Solder would likely be worth it. He noted the Patriots will have stiff competition in signing Solder because Cleveland has "a ton of money to play with".

Apple acquiring Texture, the 'Netflix of magazines'
In early February, Apple revealed that the Apple Music streaming platform had 36 million paying subscribers to its service. The magazine distributor had been owned by investors that included Condé Nast, Hearst, Meredith, Rogers Media and KKR.

Federer cruises past Krajinovic at Indian Wells
The match was suspended due to rain at 2230 local time poised with the second set tied at 2-2, and no further play was possible. Krajinovic reacted well to Federer's first blow, breaking back immediately after going 2-0 down at the beginning of the match.

Tottenham Hotspur: Eric Dier a doubt for Bournemouth trip
But Howe was pleased with his side's performance and felt the scoreline did not accurately reflect how the match went. We need wins and we have a huge game coming up next week.

Three Illinois men charged with bombing Bloomington Islamic center
A fourth man Ellis Mack, 18, was arrested for possession of an assault rifle, federal prosecutors in IL said . Morris also told the source that Hari said he would pay Morris and McWhorter $18,000 for their involvement.

Japan qualifier Daniel shocks out-of-sorts Djokovic
In other matches, fifth-seeded Dominic Thiem had to retire with an ankle injury while trailing Pablo Cuevas 6-3, 4-6, 2-4. The tournament also lost Japan's Kei Nishikori, who withdrew through illness.

Trump blocks Broadcom's takeover of Qualcomm
Trump said late Monday that a takeover of Qualcomm would imperil national security, ending Broadcom's $117 billion buyout bid. Qualcomm shares had fallen 5.2 percent to $59.55 at 0930 EDT on March 13, while Broadcom shares rose 1.5 percent to $266.93.

Zarif opens Iran-Pakistan business forum in Karachi
In November 2017, India delievered the first consignment of wheat to Afghanistan through the Chabahar Port. Besides all the bilateral issues, regional security situation was also discussed at length.

India's Solar Financing May Have Peaked For Now at $10B in 2017
He said the member countries of the ISA would ensure distribution of finance and expertise. 32 of the 60-member countries who have joined the alliance are from Africa.

Twitch Prime adding more free games with monthly subscription
This is the first time Amazon and Twitch have used their partnership to hand out games on a regular basis. The good news is that if you're a Twitch Prime subscriber, free games are something you can look out for.

UPA chairperson Sonia Gandhi hosts dinner today; TDP, BJD, TRS not invited
There had been some confusion after Trinamul chief Mamata Banerjee took the initiative of contacting anti-Congress parties like the TRS.

Earth's Geomagnetic activity to dazzle up Canada's night sky tomorrow
These are the moments when the the Earth and Sun line up so that day and night are of roughly equal duration. It was one of the largest of this cycle known as the solar minimum , which began in early 2007.

BJP keen on having Rajya Sabha polls unopposed: Maha minister
The party nominated three candidates from Karnataka, including Dalit poet L Hanumanthaiah and Vokkalinga leader GC Chandrasekhar. Asked if the BJP approached the Central Election Commission on the issue, Gohil said: "Let them go wherever they (BJP) want to".