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

Odyssey Asset Management Group Economist Enzio Von Pfeil weighs in on President Trump’s steel and aluminum tariffs

"We are focusing very much on gaining an exemption and that is what all our efforts have been directed to from the Prime Minister to the Trade Minister, all our officials, all our diplomats and that is what I have been doing here in NY".

Japan's trade minister sought an exemption from USA import tariffs on steel and aluminum on Saturday and called for "calm-headed behavior" in a dispute that threatens to spiral into a trade war.

The US is also now negotiating a trade deal with China, Trump said, adding that "I don't know if anything is going to come of that".

But the president couldn't resist taking a jab at Cohn's strong opposition to Trump's plan to slap tariffs on steel and aluminum imports.

White House officials said that all other countries will be able to make their case as to why they should be exempt from the tariffs and what they will do to shore up their national security relationship with the United States.

The Trump administration said the tariffs fulfill a campaign promise to protect American industry workers. So which is it?

South Korea's trade minister, speaking at an emergency meeting, appealed to other governments to prevent a "trade war". Inquiring minds want to know. Many were concerned the new tariffs could stoke a global trade war. "Big Deficit. If not, we Tax Cars etc. FAIR!"

He said he was considering exempting Mexico and Canada too, provided the USA got a good deal in the renegotiation of the North American Free Trade Agreement (NAFTA).

Mr Trump's tweet came a day after he imposed tariffs of 25 per cent on steel and 10 per cent on aluminium.

Trump said he imposed the tariffs to try and rejuvenate the U.S.'s ailing metal industries.

China's Ministry of Commerce said China would assess any damage caused by the USA move and "firmly defend its legitimate rights and interests".

"Our industries have been targeted for years and years - decades, in fact - by unfair foreign trade practices leading to the shuttered plants and mills, the laying-off of millions of workers and the decimation of entire communities". Japan, like the European Union, called on the USA to grant it an exception from the steep new tariffs on steel and aluminum.

The industry was in a tizzy at the threat of tariffs as Economic Development Minister Navdeep Bains tried to calm business leaders at a meeting in Montreal Thursday.

Trump is not the only United States president in recent history to impose global tariffs on imports.

The aide expressed frustration at the way the tariffs have been characterized, referring repeatedly to the "fake news, " the lobbyists and the "swamp things" that he said exaggerated the ill effects while fighting the measures.

Despite objections by many business trade groups, by most Democrats and Republicans, and by a number of advisers in the Trump administration, the United States president forged ahead with his plan on Thursday, keeping a promise he made during his 2016 presidential campaign. All war is bad and in trade war there would be only losers.

Related News:



Most liked

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.

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.

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.

Killing of SUNY student from Long Island under investigation
Anderson was a senior majoring in nursing from Westbury, New York, according to a Binghamton University press release. University officials expressed their condolences to Anderson's friends and family in a B-Line news addition.

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.

Providence coach Ed Cooley ripped his trousers during the Big East championship
On the Wildcats' next possession, Brunson rolled off a screen and converted a 15-foot jumper, extending the lead to 62-38. Eric Paschall and Phil Booth also scored in double digits for the Wildcats with 12 and 14 points, respectively.

Trump praises drug-dealer death penalty at political rally
Pennsylvania's 18th Congressional District has an estimated 17,000 steelworkers and nearly 90,000 voters from union households. I don't think so". "President Moon of South Korea said without Donald Trump the Olympics would have been a total failure".

Tiger Woods back in swing for Augusta
After just 13 rounds this year, he is on the precipice of one of the greatest comeback stories in all of sports, not just golf. He has a simple strategy for today: "I'll try to really focus on breathing". "A couple big roars put a smile on my face".

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.

Giants' Snacks Harrison defends Dominique Rodgers-Cromartie, at cost of other teammates?
However, he saw his status as a starter reduced during last season as he was supplanted by Eli Apple in the Giants secondary. The Giants released Dominique Rodgers-Cromartie after he reportedly refused to take a pay cut to stay in NY .

Bone leads hot-shooting Tennessee past Arkansas 84-66
The potential lottery pick leads all scorers as Kentucky takes an 18-10 advantage to the bench with 11:07 on the clock. Tennessee scored 8 consecutive points with 12:05 left in the 1st Half, making the game 15-10 in favor of Tennessee .

Days Gone heads to 2019 as Sony spreads out zombie games
John, the protagonist of Days Gone , and he told Huckaby that there's a "whole bunch of hours" of cinematics in Days Gone . The game was supposed to come out this year, though there wasn't any indication of exactly when the game would come out.

Richard Sherman To Meet With 49ers On Saturday
San Francisco started the offseason with a $137.5 million pact with impending free agent Jimmy Garoppolo . If Melvin doesn't re-sign, the Colts will need to bring in at least one solid cornerback in free agency.

INX Media case: CBI gets three more days to quiz Karti Chidambaram
But I ask myself what do common criminals do when released in one case and fear arrest in the other case. They have no new reason for my remand.

McDonough moving off MNF, back to college football for ESPN
With Peyton Manning saying no, ESPN has to decide whether to make another swing for the fences or to promote someone from within. His assignments will include high-profile national games each week, as well as a College Football Playoff Semifinal.