Trump says USA to impose harsh steel and aluminum tariffs
Trump says USA to impose harsh steel and aluminum tariffs
NATION-NOW Fact check Trump's tariff hikes rattle allies. Is he right?
Fact check Trump's tariff hikes rattle allies. Is he right
02 March, 2018, 09:30
The countries to which the 25 percent tariff for steel and 10 percent tariff for aluminum would apply were not identified. It says that's because Canadian aluminum is essential to the U.S supply chain.
The president spoke at a hastily called meeting White House after hours of confusion over what - if anything - he was going to announce.
"What's been allowed to go on for decades is disgraceful", Trump said, adding that without being able to make aluminum and steel, "you nearly don't have much of a country", especially the defense industry. "We need it. We need it even for defense".
Investors will now be watching and waiting for further details on the new tariffs and any indication the market sell-off could soften Trump's stance.
There is also a concern that United States farm exports could be hit hard due to potential retaliatory moves by steel-exporting countries.
The European Steel Association criticized the tariffs because of its potential impact on US trade allies in Europe. So, we will probably see you some time next week.
While the proposed tariffs are not country specific, the move is definitely a slap in the face for China, which the Department of Commerce reportedly encouraged the president to hit harder.
Expect Trump tariffs on imported steel, aluminum Stocks are turning sharply lower in afternoon trading as talk of steep tariffs on steel and aluminum spook investors. Big exporters like Apple and drugmaker Pfizer, which would suffer if trade tensions picked up, also fell .
Trump to governors: Don't worry about NRA "I got to watch some deputy sheriffs performing this week, and they weren't exactly Medal of Honor winners, all right?" he said . The tragedy, at Marjory Stoneman Douglas High School , has reopened the debate about gun control in the United States.
Fight against terror is not a fight against Islam: Modi He had received his first PhD from Trinity College, Cambridge University, and his second PhD from Al-Azhar University, Cairo. He was speaking at the conference on Islamic heritage: Promoting understanding and moderation at Vigyan Bhavan .
Trump's announcement seemed likely to tip off a period of fierce lobbying by foreign governments and multinational companies who will argue that their products should be exempted from any sanctions.
The Trump administration has considered tariffs on steel and aluminum, reports indicate.
The move, which will hit countries such as Canada, Russia and China, is created to prevent "unfair trade" according to Trump.
Employment in American steel plants has been falling since the 1960s, but economic studies suggest most of this is due to productivity improvements by manufacturers rather than competition from cheap imports, suggesting there is little likelihood that protectionist measures will actually help to bring back jobs. Politicians in both the European Union and China have already threatened to retaliate against the USA if Trump implements import tariffs. Meanwhile, the Nasdaq Composite Index declined 1.6% at 7,155.
'We must not let our country, companies and workers be taken advantage of any longer.
"They used to be a lot bigger, but they're going to be a lot bigger again", he said at the White House Thursday.
John Lapides, president of United Aluminum Corp., said unfair competition has hurt investment in his business "and that lack of investment is reflected in a loss of jobs in America".
Peter Mirijanian, a spokesman for Ivanka Trump's ethics counsel, said, "Nothing in the new White House policy has changed Ms. Specifically, investigators want to know details about negotiations and financing surrounding the project .
Australians have been urged to throw out rockmelon amid a listeria outbreak in that has left two people dead in New South Wales. There are reports the two victims were hit by the bug after eating the fruit from a grower at Nericon in central-western NSW.
Cindy Bachman, a sheriff's department spokeswoman, said investigators had not found records of the children attending school. The dwelling cobbled together with plywood and plastic sheeting was only about 4 feet high and 10 feet wide, officials said.
American Outdoor Brands Corporation (NASDAQ:AOBC) is presenting price to cash flow of 7.23 and free cash flow concluded as 15.85. The stock of American Outdoor Brands Corporation (NASDAQ:AOBC) has "Neutral" rating given on Wednesday, January 18 by Wedbush.
In addition to several feet of snow in many areas, forecasters warn that wind gusts could hit speeds of up to 65 m.p.h. Classes and extracurricular activities are canceled throughout Tahoe Truckee Unified School District Thursday.
Once the new satellite reaches orbit, GOES-S will spend a little time acclimating to its new home, perched over the western U.S. It then will be maneuvered into the GOES-West position 22,300 miles above the equator at 137 degrees west longitude.
Hicks had been working with Trump for several years and it is not clear whether she would continue to serve in the administration. Hicks had helped craft the official response to the scandal, despite her personal involvement with Porter.
PKK has fought for independence in South-Eastern Turkey since 1978 but the YPG has denied any links to the group. In a statement, the military said the wounded soldiers had been "swiftly evacuated" to receive treatment.
Volume is the number of shares or contracts traded in a security or an entire market during a given period of time. Numeric Investors Ltd Liability Corporation invested in 0.02% or 162,901 shares. (NASDAQ:CROX) for 168,223 shares.
China banned Buddhist monks in Tibet from reincarnating without government permission before they die. This move has been largely unpopular, with many drawing parallels to the rule of Mao Zedong .
John Kelly jokes chief of staff job is God's punishment
White House Chief of Staff John Kelly joked Thursday morning that his job at the White House is a punishment from God. When White House aides arrived at work Thursday, they had no clear idea of what Trump would say about trade.
Michael Bennett being shopped by Seahawks in trade talks
During the 2016 campaign, he racked up 41 total tackles and 10.5 sacks en route to earning Defensive Rookie of the Year honors. If Seattle does trade or release Bennett, it will happen before March 18th, the date a $3 million roster bonus kicks in.
Eurozone inflation falls to 1.2 pct in February
For the ECB, the key question is how this feeds through to inflation, which remains below the bank's goal of just below 2 percent. The jobless rate held steady at 8.6 percent in January, but down from 9.6 percent registered in the same period of a year ago .
Soccer Aid 2018 Lineup, date and tickets
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How Game Night's Writer Feels About A Sequel
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Pregnant Khloé Kardashian Shamed Over Baby Bump Cradle?!
It's really easy to fall in love with someone during a honeymoon phase when you haven't yet discussed the logistics of life. The Keeping Up With the Kardashians star added that she guessed her mommy shamers " don't have much love themselves ".