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

Trump has kind words — and a dig — for 'globalist' Cohn

"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.

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