Monday, 20 May, 2019

Trump 'clarity' on tariffs not what European Union was looking for

Donald Trump US president Donald Trump
Patty Aguilar | 11 March, 2018, 13:43

Trade representatives for Japan and the European Union met with the US trade representative Saturday in an effort to avoid a trade war over President Donald Trump's new tariffs on aluminum and steel.

But, after meetings with United States trade envoy Robert Lighthizer in Brussels today, trade officials said there had been no progress and negotiations would need to continue.

Trump's response came after Malmstrom on Twitter described what she called "frank" but fruitless talks with US Trade Representative Robert Lighthizer in Brussels on Saturday. Also discussing opening up Japan to much better trade with the U.S. now have a massive $100 Billion Trade Deficit.

The EU threatened an "arsenal" of retaliatory measures when the tariffs were first proposed, including imposing import tariffs on products made in red districts.

Key U.S. trading partners and businesses have warned the tariffs could backfire, provoking a trade war and hurting allies more than China, their main target.

The EU said in a statement that both Brussels and Tokyo had serious concerns about the US tariffs.

European leaders are cautiously optimistic that their countries will be exempt from President Trump's steep steel and aluminum tariffs - but have vowed that they "can also do stupid".

As such Trump asserted that he is going ahead with his plans to sign the executive order to impose import tariffs on steel and aluminum.

North American Free Trade Agreement as a bargaining chip
He said Congress has given the president too much power over trade deals and, long term, lawmakers should consider changing that. Brazil, which after Canada is the biggest steel supplier to the USA market, said it wanted to join the list.

White House Video Game Violence Reel Is Absolutely Ridiculous
United States president Donald Trump spoke to makers of popular video games about the link between gun violence and violent games. Other attendees included two video game company executives and three Republican members of Congress , including Sen.

UP by-polls to be held tomorrow, BJP faces SP-BSP alliance
The compatibility of the SP and BSP working together will be assessed on March 14, when results are declared. The key contenders to the seat are RJD's Sarafaraz Alam, Taslimuddin's son, and the BJP's Pradip Singh.

Trump insisted in a phone call with French President Emmanuel Macron - a leading European Union player who is staunchly opposed to the tariffs - that the "decision is necessary and appropriate to protect national security". If they drop their horrific barriers & tariffs on USA products going in, we will likewise drop ours. Big deficit. If not, we tax cars etc.

Canada, Mexico and Australia have secured exemptions from the tariffs of 25 per cent on imported steel and 10 per cent on aluminium announced by Trump, though Canada's and Mexico's were conditioned on progress renegotiating the North American Free Trade Agreement.

Brazil, South Korea and Australia have also asked for exemptions or special treatment.

Marina Whitman, professor emerita of business administration and public policy at the University of MI, said Trump's tariffs "are likely to raise prices of consumer goods containing aluminum or steel and, more important, will raise them for manufacturers whose products use aluminum and steel, making them less competitive".

A recent study by Trade Partnership, a Washington, D.C. -based consulting firm, also estimated that Trump's new tariff on steel and aluminum would result in a net loss of 146,000 U.S.jobs after accounting for positive impacts on US steel and aluminum producers.

"We call for calm-headed behavior", he told reporters.

UK Steel says 7% of its steel exports go to the USA, worth £360m.

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