Friday, 25 May, 2018

Trump eyes tariffs, quotas on U.S. steel, aluminum imports

'We're like the stupid people': Donald Trump says the US won't be China's piggy bank Quick Take: China Calls for US Restraint in Steel Probe
Ellis Copeland | 14 February, 2018, 20:19

A bipartisan group of lawmakers met President Trump at the White House to talk about the nation's steel and aluminum industries.

The White House meeting was scheduled as closed to the press, but Trump let reporters remain in the room.

USA officials have accused China — including its military — of operating a sweeping hacking operation targeting the Pentagon, defense contractors and other targets. He said the U.S. is losing vast amounts of money.

But Trump also is under domestic pressure. Senator Gary Peters, Democrat of MI, noted that the auto parts industry relied on low-priced metals.

"I want to keep prices down but I also want to make sure that we have a steel industry and an aluminum industry and we do need that for national defense. In a statement, the Senator said he was pleased with how the meeting went today, and he will continue to push the president to do more to enforce our trade laws".

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The pair flew out to Los Angeles together and Woods said: "He asked me when did I play in this tournament as an amateur". Johnson, who predicted Tiger would make the cut this week, took note of the Big Cat's woes with his big dog.


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"The biggest question outstanding, of course, is 232 and what kind of tools he finally decides to pursue as the president with respect to America's position in global markets", he said. Senator Sherrod Brown, Democrat of OH, thanked Mr. Trump for recent tariffs imposed to protect American manufacturers of washing machines, and urged tough measures on steel imports. And Senator Lamar Alexander, Republican of Tennessee, said that past tariffs imposed in 2002 by President George W. Bush on steel had cost jobs for auto parts companies.

Trump has frequently accused China of unfair trading practices, and he recently told Chinese President Xi Jinping that the US trade deficit with China is "unsustainable". Korbel wrote a letter on behalf of 15 steel-buying associations to Trump on Monday that said they represent about 1 million U.S.jobs. "And you'll be hearing about that during the week and during the coming months".

Trump nonetheless mentioned it again in Tuesday's meeting. They're charging us massive tariffs for us to sell our products into those countries. "And the agreements basically stayed the way they were and they became very wealthy and they could pay a tremendous amount and they could pay us back, but nothing happened".

Twice this week Trump has raised the idea of trade penalties he calls a "reciprocal tax", only to have White House officials insist there's no plan in the works for such an action.

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