Wednesday, 21 November, 2018

Dutch PM Rutte interrupts Trump over trade deal claims

EU is possibly as bad as China’ Trump attacks partners in new ‘unfair trade’ rant Francois Lenoir Reuters
Russell Knight | 05 July, 2018, 02:16

The Nasdaq composite jumped 0.8 percent to 7,567.69.

Officials in Brussels stressed that European car-makers account for up to 26-percent of US automotive output.

Trump has sparked a global trade conflict by placing or threatening punitive tariffs on hundreds of billions of dollars' worth of goods from China, Mexico, Canada, and the European Union. The Shanghai Composite index sank 1.3 percent to 2,740.26.

Investors walk in front of trading boards at a private stock market gallery in Kuala Lumpur, Malaysia, Tuesday, July 3, 2018. And for us to initiate a trade war against them is not good for American companies that depend on exports. Merkel called the deal a "very good compromise".

The submission said that tariffs on cars and vehicle parts could undermine U.S. auto production by imposing higher costs on United States manufacturers.

China, Japan, and South Korea all reported that their export orders eased back in June as trade tensions continue with the US.

WTO needs to change ways or US will do 'something'
Trump's aggressive stance has roiled United States relations with allies and trading partners from Europe to China. Behind the scenes: Trump was briefed on this draft in late May, according to sources familiar with the situation.

Scarlett Johansson finds herself amidst another casting controversy
But since he was transgender - and Hollywood wants to show that he wasn't really a man - a woman got cast in the role. But, the real controversy is that many believe that the role is being stolen from a transgender actor.

Hyundai Plans Buying FCA To Strengthen Its Global Operations
With this new possiblity coming to light, more news involving Hyundai and FCA could still keep blips on the industry's radar. A source spoke to Autoblog and it revealed that Hyundai is waiting for FCA's shares to fall before pushing for a takeover.

The European Union today slammed the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in US goods amid signs of a brewing trade war. "They firmly believe that free trade is a powerful engine for global economic growth". But he denied reports he plans to pull out of the WTO.

According to a report in the Financial Times, senior European Union officials are drawing up plans to discuss a deal between major auto exporters including Japan, South Korea and the USA, to cut tariffs on their movement globally.

The EU now has a 10% levy on USA vehicles compared to 2.5% for cars entering the United States.

USA tariffs on $US34 billion ($46.3 billion) worth of Chinese goods come into effect on Friday with a big risk of more tit for tat tariffs from China.

On Friday, the Canadian government announced retaliatory tariffs on United States imports, including steel, aluminium and certain consumer goods worth 16.6 billion Canadian dollars, and also unveiled a 2 billion Canadian dollar aid for supporting workers in its steel, aluminium and manufacturing sectors, effective July 1.

Roughly 2,500 public comments had been received by the Commerce Department ahead of the Friday deadline, the agency said in an email to Business Insider, those comments will help the agency make an "informed recommendation" to the President regarding new tariffs. The company says it is considering the request, which relates to its operations in the Democratic Republic of Congo, Nigeria and Venezuela. They have asked supporters to petition elected congressional representatives in North Carolina, the state where Moog's operations are located. NY exports about half a billion dollars in aluminum.

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