Trump touts economy in spite of ‘unfair’ trade deals
Trump touts economy in spite of ‘unfair’ trade deals
EU warns Trump's car tariffs threaten $300 billion of US exports
03 July, 2018, 18:55
Parked cars are pictured at the auto terminal at the port of Valencia, Spain May 29, 2018. General Motors warned last week, for example, that retaliatory duties from other countries could force it to cut jobs in the U.S. And Wisconsin-based Harley-Davidson has announced plans to shift some of its production overseas in the face of the retaliatory tariffs.
The admonishment, written in a letter to US authorities dated Friday, came as US President Donald Trumpsaid Europe is "possibly as bad as China" on trade in one of his biggest provocations to his country's longtime transatlantic allies.
The EU warned the Commerce Department against imposing a reciprocal 25-percent tariff on European vehicle imports due to its possible negative impact to U.S. GDP growth.
"We'll spare no effort, be it at the technical or political level, to prevent this from happening", a spokesman for the Commission told reporters, adding that Commission President Jean-Claude Juncker's trip to Washington later this month would seek to stop any new USA tariffs. It calculated that a 25 percent tariff would have a negative impact of $13 to $14 billion on the US gross domestic product initially.
In a letter to United States authorities, the European Commission, which handles trade policy for the bloc's 28 members, painted a stark picture of what the United States economy would face if Trump followed through on his threat.
Krugman warns that consequences of these disputes affect the structure of world trade: "The U.S.is now behaving in ways that could all too easily lead to a breakdown of the whole trading system and a drastic, disruptive reduction in world trade".
But the 28-nation bloc seems resolute in its opposition to sanctions. If EU countermeasures on automotive tariffs take the same approach as those on steel, they will amount to around €10 billion.
The EU said the US auto industry is in good health, but any restrictive duties could undermine that trend.
Mark Geiger: USA referee to officiate England vs Colombia
Gareth Southgate's side came through Group G in second place after beating Tunisia and Panama but losing narrowly to Belgium. Goal-scoring chances likely will be at premium, which leads us to believe this will be a hard-fought, but low-scoring, game.
Meanwhile, the European Union argued that the US's comparably low auto import tariff was countered by higher rates on other vehicles, such as lorries.
The European Commission said the United States investigation into auto imports "lacks legitimacy, factual basis and violates worldwide trade rules".
Tusk thinks Trump's action on tariffs, pulling out of the global climate agreement and withdrawing from the Iran nuclear deal - an agreement the Europeans say is vital to their security - is part of a pattern rather than isolated incidents.
Tariffs our government has placed on American goods are now in effect, in response to levies the Trump administration has placed on Canadian products.
For example, almost $4 billion worth of exports from Texas could be targeted by retaliatory tariffs, the Chamber said, including $321 million in meat the state sends to Mexico each year and $494 million in grain sorghum it exports to China.
Despite questioning the probe's legitimacy, the European Union has requested to take part in a Commerce public hearing on July 19-20.
If Chelsea signal they could move on price by accepting a player, it will offer encouragement to Willian's suitors. Chelsea are open to selling Willian to Barcelona to help fund their own summer transfer business.
Federer wore Nike shoes for the Wimbledon opener, and may continue to because Uniqlo doesn't make tennis shoes. The good thing is it's not theirs forever". "In a short period of time, it will come to me".
Possible nominees being eyed include Thomas Hardiman, who serves alongside Trump's sister on the Philadelphia-based 3rd U.S. A sign that the White House is also focusing on these Democrats: Sen. "I think the president's list is a very strong list".
Now that Los Angeles has secured LeBron James , the Lakers could be more aggressive in their pursuit of Leonard. San Antonio is not going to let Leonard go easily, even if he doesn't want to play for the Spurs much longer.
But a source from the morgue said when his colleagues loaded bodies into the fridges one staff member returned to check on them. The woman, who had suffered serious head injuries, was rushed to Leratong Hospital in nearby Krugersdorp, where she remains.
Los Angeles will still be there, calling, winking, tugging at his heartstrings the way it clearly has for years. Rumor: The Lakers could be more aggressive in their pursuit of Cousins with Paul George off the board.
White House spokeswoman Sarah Huckabee Sanders said Monday that White House Counsel Don McGahn will lead the overall process. And Justin Clark, the director of the Office of Public Liaison, will oversee White House coordination with outside groups.
England scored eight goals in their opening two matches, beating Tunisia 2-1 with a late Kane goal before thrashing Panama 6-1. With the exception of national team legend Zlatan Ibrahimovic, no one's talking about Sweden as a favourite to win the title.
According to The Ringer's Kevin O'Connor , the Spurs have received underwhelming trade offers from the Lakers. McGee and the Lakers reached agreement on a one-year deal worth the minimum, league sources told ESPN .
LeBron James OK'd Stephenson signing beforehand
After choosing to not opt in to his contract Friday, James was spotted landing at a Los Angeles airport early Saturday morning . The most obvious name thus far hasn't been a free agent, but a guy under contract and unhappy with the San Antonio Spurs .
1 dead, multiple injured in Bahamian boat explosion | Staff
Coast Guard Southeast reported it assisted the Royal Bahamas Police Force on Saturday after receiving a request for help. Chester Cooper , a member of parliament for Exumas and Ragged Island, confirmed that the deceased was an American woman.
Switzerland v Costa Rica 27 June 2018
Costa Rica was in danger of becoming the first team since Algeria and Honduras in 2010 to leave a World Cup without a goal. And Ruiz was then denied the chance to end his global career with a goal as his spot-kick flew in off Sommer's bonce.
Maryland newspaper says it received threats after shooting
The White House did not immediately respond Monday to a request for comment. "It's just as important as any other tragedy". The five killed were Rob Hiaasen , 59; Wendi Winters , 65; Rebecca Smith , 34; Gerald Fischman , 61; and John McNamara .
Missing Boys Soccer Team Found Alive in Cave
Worrying predicted of heavy rains later this week mean rescuers must scramble to shuttle help and supplies to the stranded kids. Shamans and Buddhist monks held prayers and gave offerings at the cave imploring mountain "spirits" to return the boys safely.
Chris Paul Agrees to Re-Sign With Houston Rockets
Ariza, who turned 33 on Saturday, made $7.4 million previous year , his fourth season of his second stint with the team. The expectation always was that Paul would return to Houston given all the success the team enjoyed last season.
Bron: James agrees to 4-year contract with Lakers
If he's really playing the long game here then he's setting himself up to one day make over $200 million through his early 30s. According to multiple sources, Nikola Jokic will sign a max deal with the Denver Nuggets , worth $148m over five years.
German Interior Minister Horst Seehofer in CSU divisions
But criticism and doubts were voiced quickly by other parties and groups, suggesting Merkel may only have won a temporary respite. Seehofer wants to turn some migrants away at Germany's borders, and Merkel insisted on a European-wide solution.
Federer faces ID crisis in switch from Nike to Uniqlo
In addition to Federer's Nike RF logo, the logo on the right shoe has the No. 8, reflecting how many Wimbledon's he has won. Federer's deal with Nike expired in March, and his new look is a major switch for the tennis world.
Rajon Rondo agrees to 1-year, $9M deal with Lakers
During his exit interview, Randle said he hoped to remain with the Lakers, and that was a sentiment head coach Luke Walton echoed. Next up, Los Angeles had to figure out what to do with its biggest restricted free agent: Julius Randle .
Alexandria Ocasio-Cortez has a message for Donald Trump
Fellow conservative commentator Beck retweeted O'Reilly's comment, adding that he believes Ocasio-Cortez seems "genuine". She defeated Crowley, who had been in office for 14 years, and said on Twitter she appreciates Beck's "good faith".