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

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

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"Taxes on steel and aluminum will be withdrawn only if a new agreement is signed", he said earlier on Twitter, reiterating his conviction that the United States has "large trade deficits" with its two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:

  • 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".
    IndiGo cancels 42 flights for today

    IndiGo cancels 42 flights for today

    The airline has announced on its website on 13 March about its 47 flights being canceled across the domestic network. Since February, three other A320 Neo planes of IndiGo have been on the ground following similar engine problems.
    Here's why Stephen Hawking never won Nobel Prize

    Here's why Stephen Hawking never won Nobel Prize

    His ability to remain engaged with the scientific community despite his physical condition was a testament to his rare talent. His first publication " A Brief History of Time " was a great success and sold over 10 million copies.
  • Japan qualifier Daniel shocks out-of-sorts Djokovic

    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.
    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.
    BJP keen on having Rajya Sabha polls unopposed: Maha minister

    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".
  • 'The Flash': Iris Brings Back SPOILER in

    'The Flash': Iris Brings Back SPOILER in "Run Iris, Run"

    Your arms are moving, your legs are not. "'Don't stand up straight and do it, because you're going to look ridiculous'". Harry Jierjian directed the episode written by Eric Wallace (#416).
    Trump blocks Broadcom's takeover of Qualcomm

    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.
    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.
  • Browns reportedly targeting Nate Solder to replace Joe Thomas if he retires

    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".
    Next 'Fantastic Beasts' movie thrills fans with return to Hogwarts

    Next 'Fantastic Beasts' movie thrills fans with return to Hogwarts

    Go check out the Fantastic Beasts: The Crimes of Grindelwald teaser trailer now if you still have not. " Fantastic Beasts: The Crimes of Grindelwald " marks Yates' fifth foray into the Wizarding World.
    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

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. .

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.

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.

California Teacher Accidentally Discharges Weapon During Public Safety Class
The student injured during the California teacher's lecture has been released from the emergency room a couple of hours later. Teachers are legally not allowed to have firearms in California classrooms, even if they have a permit.

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.

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".

With Nitish's support, BJP hopes to snatch this Assembly seat
Araria Agriculture Production Market Committee has been made the polling station for Araria Lok Sabha seat. The RJD has fielded Mundrika Yadavs son Kumar Krishna Mohan alias Uday Yadav from Jehanabad .

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.

Rex Tillerson's ouster: How it unfolded
Trust that will prove vital in the coming weeks as the USA has agreed to talks with diplomats and even the leader of North Korea. October 1, 2017 - Trump tweets that he doesn't think it's worth seeking talks with North Korean leader Kim Jong Un .

Tillerson firing raises fear of shift in U.S. foreign policy
The gulf that separated the two men was illustrated one last time by conflicting stories on the circumstances of the firing. On Monday, Tillerson blamed Russia for the poisonings in England of a former Russian double agent and his daughter.

Google bans cryptocurrency ads in crackdown on 'speculative financial products'
The Google ads team emphasized that advertisers need to value "respecting the user experience more than the ads". These websites earn a fee for referring new customers to these products but are lightly regulated.

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'
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.

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.