Tuesday, 18 September, 2018

Trade Tariffs Getting Global Pushback: Trump v

Flake hits Trump over criticism of EU 'We need our allies with us' Jeff Flake Reacts to Trump’s Claim EU ‘Possibly as Bad’ as China on Trade: ‘This is So Wrong, Mr. President’
Orlando Vargas | 04 July, 2018, 18:31

The 10-page submission was sent to the US Department of Commerce on Friday and published on Monday, according to CNN Money.

Right now, Canada has already instituted retaliatory tariffs against the U.S.as has the European Union for the tax on imported aluminum and steel.

"The domestic manufacture of automobiles has no apparent correlation with US national security", BMW wrote.

Gage Skidmore/Wikipedia President Donald Trump, in a July 1 television interview, said tariffs would close the trade deficit in automobile production and result in more cars being made in the United States.

MEMA, whose members include plastics component suppliers, said overall employment in the auto parts industry has risen 19 percent in the last five years, and it anxious import restrictions could put that at risk.

U.S. President Donald Trump's latest threat to impose tariffs on auto imports shouldn't come as a surprise, according to global trade lawyer Mark Warner.

Dutch Prime Minister Mark Rutte on Monday said Trump's tariffs against European goods were "not positive", while Trudeau last month said he had "made it very clear to the president that it is not something we relish doing, but it is something that we absolutely will do, because Canadians, we're polite, we're reasonable, but we also will not be pushed around".

The European Commission said in a letter that they would hit $300 billion of USA goods with tariffs if needed.

Affected exports to the European Union, $133 million, include beauty products.

The bloc argues that for some goods, such as trucks, United States import duties are higher.

Zanetti: "Ronaldo To Juventus? It Doesn't Concern Me"
However, as he gets older, Madrid will eventually stop giving him new contracts, and Ronaldo will become the boy who cried United. Portuguese newspaper A Bola also reported talks over a Ronaldo to Juventus transfer are under way, according to ESPN.


Trump delaying NAFTA deal until after midterm elections
After the election, Lopez Obrador said he'll propose that his own team of experts be included in the trade talks. USA steel tariffs, which went into effect on June 1, are expected to be particularly painful for Canada.


LeBron James signs for LA Lakers in $154MILLION DEAL
The Spurs are yet to convince the 27-year-old to sign a contract extension and commit his long-term future to San Antonio. The remaining James jerseys at the team store at Quicken Loans Arena also are being cleared out.


The business community isn't the only ones opposed to the Trump tariffs. "Tariffs that beget tariffs that beget more tariffs only lead to a trade war that will cost American jobs and economic growth".

"China now feels it can try to split off the European Union in so many areas, on trade, on human rights", the official said.

Michigan's auto industry, steel products and aluminum products are the hardest hit by tariffs.

Imports had, it said, not shown a dramatic increase in recent years and largely grown alongside the overall expansion of the United States vehicle market, with increased demand that could not be met by domestic production.

The European Union has warned Donald Trump that imposing import tariffs on cars would lead to countermeasures on $294bn of U.S. exports.

The Chamber highlighted vulnerable exports from states that had supported Trump in his surprise 2016 presidential election victory: $2.3 billion in MI steel and aluminum goods as well as autos, $1.7 billion in Pennsylvania steel, iron, coffee and baked goods and $1 billion in Wisconsin cheese, toilet paper and ginseng all face retaliation from U.S. trading partners.

"We agree with nearly all the complaints the USA has against China, it's just we don't agree with how the United States is handling it", another diplomat said.

European vehicle manufacturers in the United States export 60% of their cars, which helps the U.S. trade balance - a number Trump has been focused on.

Trump himself told Fox News Channel's "Sunday Morning Futures With Maria Bartiromo" that "China wants to make a deal, and so do I, but it's got to be a fair deal for this country".

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