Trump may exempt more countries from trade tariffs - Treasury's Mnuchin

Chris Kleponis- CNP  Newscom

USA allies seeking to avoid the steel and aluminum tariffs approved by President Donald Trump might be asked to step up their financial commitments to North Atlantic Treaty Organisation.

"We are prepared and will be prepared if need be to use rebalancing measures", Katainen said.

The European Union, the world's biggest trade bloc, chimed in.

"There will be a lot of high-level discussions as we proceed with this", he said Friday after touring a JetBlue facility in NY to celebrate the company's tax cut bonuses.

Japan's trade minister sought an exemption from United States import tariffs on steel and aluminium on Saturday (March 10) and called for "calm-headed behaviour" in a dispute that threatens to spiral into a trade war.

"We have been very clear that (the USA decision) is not in compliance with the WTO", she said.

After meetings with USA trade envoy Robert Lighthizer in Brussels, EU and Japanese trade officials said negotiations would need to continue.

Brussels has reminded Trump that tit-for-tat trade measures deepened the Great Depression in the 1930s and in the 2000s cost thousands of USA jobs when Washington imposed tariffs on European steel.

However, the lawmaker said Iran's steel industry can fulfill the domestic demand and the country needs no steel imports. "It is crap", Trump said, earning cheers from the crowd.

"There are economic security issues we have to address, but let us do it together and within WTO rules", Katainen added.

The United States opened the way for more exemptions from its steel and aluminum tariffs on Friday, after pressure from allies and intense lobbying from lawmakers, further diluting the measures just a day after they were formally announced. "Steel is back, and aluminum is back".

Lighthizer made no public comment after the meetings with Malmström and Japanese Trade Minister Hiroshige Seko, which lasted several hours.

This progress was "unexpected" and a source of cautious optimism on solving the tariff row, an European Union official said on condition of anonymity.

Striking a defiant tone, European Commission Vice President Jyrki Katainen called Trump's speech protectionist, saying it remained unclear how a potential exclusion process would work.

Along with a huge range of steel products, the EU's hit list of flagship American products lined up for counter measures includes peanut butter, bourbon whiskey and denim jeans.

Major US trading partners have condemned Trump's decision to impose the punitive tariffs as protectionism and an affront to allies, amid growing fears of a global trade war.

"This is not a trade negotiation", he said.

Complicating matters, Trump indicated that the sparing of Australia was linked to an unspecified "security agreement" outside of trade policy.

However, it took on more urgency after Trump's tariff move.

Turnbull told reporters that Trump "was able to confirm that he would not have to impose tariffs on Australian steel and aluminum", and that now the paperwork will be done "to put that direction into effect".

Canada, the top source of steel to the USA market, has already vowed to take "appropriate, responsive measures" if the Trump administration goes ahead with the tariffs.

Related News:

  • After flashing diamond ring at sister Khloe Kardashian's baby shower

    After flashing diamond ring at sister Khloe Kardashian's baby shower

    Craig was still pregnant with her son with Thompson when the latter began his relationship with the Revenge Body host in 2016. Kim Kardashian, who recently welcomed her own baby girl, was also there, sporting freshly dyed brown hair.
    Rabada rips through Australian batting

    Rabada rips through Australian batting

    Cummins was the pick of the bowlers with three wickets, while Hazlewood and Mitchell Marsh snapped up two wickets apiece. Steve Smith has curiously looked out of touch in this series so far as Keshav Maharaj once again had his number on 11.
    Will Fiorentina continue the fight?

    Will Fiorentina continue the fight?

    Another 16 goals brought Lorenzo Insigne, 13 goals went from Jose Callejon and 11 from Marek Hamšík. Forecasts Bookmakers consider Napoli as the main favorite - the coefficient for the victory of the hosts is 1.28.
  • Bobbi Kristina Brown's Ex Nick Gordon Arrested Again for Domestic Violence

    Bobbi Kristina Brown's Ex Nick Gordon Arrested Again for Domestic Violence

    The pair told DailyMailTV in October that they had reconciled with Leal saying she had been the aggressor in the incident. Beyond that, authorities have been pretty tight-lipped about what led to this apparent domestic violence situation.
    Phillies signing Jake Arrieta to three-year deal worth $75 million

    Phillies signing Jake Arrieta to three-year deal worth $75 million

    Arrieta adds some stability to the rotation and will serve as a stabilizing force in an otherwise young clubhouse. Arrieta is a great addition and gives them a very good top 3 in their rotation with him, Nola, and Eickhoff.
    Turkish Business Jet Crashes in Iran

    Turkish Business Jet Crashes in Iran

    Between 11 to 20 people were onboard the aircraft, the ISNA News agency reported citing sources in rescue services. All 11 people on board a Turkish plane that crashed in western Iran have been killed, Iranian media report.
  • New Zealand held to 223 despite Santner, Nicholls fifties

    New Zealand held to 223 despite Santner, Nicholls fifties

    Bairstow dominated the bowlers, smashing nine fours and six sixes as he thrashed a century from just 58 balls. The result underlined their status as bona fide contenders to win next year's pinnacle 50-over event.
    Brother of Rob Ford Elected to Lead Conservatives in Ontario

    Brother of Rob Ford Elected to Lead Conservatives in Ontario

    William Coleman, a staunch Ford supporter, said he was angry at the party's handling of what should have been a turning point. For Elliott, 62, Saturday's result was yet another disappointment in her bid to lead the party.
    Rising trend of casino apps

    Rising trend of casino apps

    For those who are looking for a specific game, Cherry Rush also includes a description of what games can be found each site. It used to be that if someone wanted to play a casino game they had to find a land based venue.
  • UK Trade Minister Will Discuss 'Wrong' Metal Tariffs With US Next Week

    UK Trade Minister Will Discuss 'Wrong' Metal Tariffs With US Next Week

    Japan, like the European Union , called on the USA to grant it an exception from the steep new tariffs on steel and aluminum. Mr Trump's tweet came a day after he imposed tariffs of 25 per cent on steel and 10 per cent on aluminium.
    Sharma breaks course record at Indian Open

    Sharma breaks course record at Indian Open

    The birdie on 10th was fantastic as the hole was played off the back tees. "It was a disappointing day for me", he said later. Johnston fought back strongly on the back nine and when Wallace bogeyed the hard par-3 18th, "Beef" was in the battle.
    Xi allowed to remain president indefinitely

    Xi allowed to remain president indefinitely

    He also fought corruption, punishing more than a million party members - which has helped his popularity among some. Because of this, he is considered to be the most powerful leader after China's revolutionary founder Mao Zedong .


Most liked

Patriots acquire DT Danny Shelton from the Browns
On Saturday, the Patriots dealt a 2019 third-round pick to the Cleveland Browns for Danny Shelton and a 2018 fifth-round pick. Shelton joins quarterback DeShone Kizer , traded to Green Bay in the Randall trade, as players dealt away by the Browns .

Notre Dame basketball misses out on NCAA Tournament
But Duke's prowess on the glass proved lethal for Notre Dame as the game pressed on, particularly on a hard shooting night. So Duke needs to matchup with Notre Dame man to man, but it's going to require major efforts from two freshman.

Elon Musk's Boring Company will prioritize pedestrians over cars
Trump said the United States plans to charge countries a "mirror tax" for what American products face. According to The Verge , Musk wanted Trump to pressurise China to change its stance on these issues.

Robert Mueller Was 'The Bachelor' In SNL's Hilarious Cold Open Last Night
I just want to get to the point where this is all over and life goes back to normal. "Baby, I'm scared", he says to his wife. Brown , the show proved that there's pretty much no drama on television that can't, somehow, connect to Trumpworld.

Juelz Santana Will Turn Himself In For Airport Gun Incident
The "There It Go (The Whistle Song)" rapper was arrested in 2011 for marijuana and gun possession. . He will surrender around 9 a.m., according to a report from the South Passaic Daily Voice .

Stormy Daniels calls Trump-related attention 'double-edged sword'
Cohen was operating in his capacity at the Trump Organization while negotiating the agreement and providing for the payment to Ms. As for her moment in the national spotlight, she said: "I think it's pretty clear that with new developments come new interest".

Nun involved in Katy Perry lawsuit dies after collapsing in court
The court ruled that the nuns had no right to sell the property because it was owned by the Archdiocese. She collapsed during a court hearing related to the case in Los Angeles , according to CBS News .

Russian Federation 'launches hypersonic missile'
The Kinzhal system, which means dagger in Russian, is intended for destruction of surface and waterborne targets, the report said. The US state department has since responded by saying his rhetoric was not "the behaviour of a responsible worldwide player".

Rajya Sabha polls: Congress fields 10 candidates
In the 245-member Upper House of Parliament, Uttar Pradesh has 31 seats being the most populous state of the country. In the UP Assembly, the BJP and its allies now have 324 seats (BJP's Noorpur MLA died recently in a road accident).

Sooners Get 2018 NCAA Tournament Bid
Bonaventure and the University at Buffalo are going to the NCAA Tournament . "There shouldn't be any doubt about that". Trailing by 10 at halftime, Sexton helped make sure the Tide would roll for at least another day, most likely longer.

L'Ue agli Usa: "Escludeteci dai dazi". Ma Trump: "Necessari per sicurezza nazionale"
In una nota pubblicata al termine dell'incontro di Bruxelles , Unione europea e Giappone hanno espresso "forte preoccupazione" per le misure annunciate dagli Stati Uniti .

Philippine President Needs A 'Psychiatric Evaluation — Top UN Official
Tauli-Corpuz have been put on a terror list, issued by Philippines State Prosecutor, February 21st. Indigenous leaders and UN Special Rapporteur on the Rights of Indigenous Peoples Ms.

Elon Musk says SpaceX will make 'short flights' to Mars next year
Why send a auto into outer space? Side blocks rockets returned to Earth shortly after launch, and Central crashed while landing. This is not a TV show trailer. "What we're hoping this is is the trailer for one part of the next chapter of the human story".

Bets for upcoming Southampton vs Arsenal fight
Neither Arsene Wenger nor his players could afford themselves to lose another match if they still want to be in the top four. Arsenal is still keeping the dream to be qualified in Champions League after the victory over Manchester on Sunday.

3 Entertaining Ways to Improve Your Business Skills over the Coming Weeks
In both games and business meetings you may feel everything from frustration to elation, but the trick is to keep is all hidden. Play Poker While millions of people around the world may play poker solely for fun, you can also play to up your business game.