Monday, 25 June, 2018

Trump exempts Canada from trade tariffs for now

Donald Trump signs order imposing tariffs on steel and aluminium - but promises exemptions for 'real friends' Trump exempts Canada from trade tariffs for now
Sammy Stanley | 14 March, 2018, 16:25

Donald Trump did, however, suggest that there is the potential for a Canadian exemption if the countries can agree on a "new and fair" NAFTA deal.

He suggested in an earlier meeting with his Cabinet that Australia and "other countries" might be spared, a shift that could soften the worldwide blow amid threats of retaliation by trading partners. Donald Trump replied with a counter threat: slapping tariffs on European cars.

Britain, meanwhile, said it would "work with European Union partners to consider the scope for exemptions outlined today", saying "tariffs are not the right way" to tackle the problem of global over-capacity in steel.

He's urging his colleagues to pass the bill before the administration inflicts "more damage on the economy". United States Steel Corp. said Wednesday said it would bring a blast furnace back online at a plant in Granite City, Ill, and recall 500 workers.

He said that in the long term, countries that have been slapped with the tariffs will likely seek recourse through the World Trade Organization, which he expected to rule against the United States.

President Trump may become successful in his campaign to pull America out of trade agreements.

In Michigan, those most impacted include automakers, the craft beer industry - companies like Founders Brewing Co. - and also furniture makers like Steelcase, which said in a statement that the tariffs will have "negative and unintended consequences". Initial indications from the White House are that the President signed a proclamation, signaling his intentions.

The EU was clear on Friday that it views tariffs and defense as separate.

As bargaining chips go, Trump's tariff talk is a big one.

"Trump is using this (as) a tactic to try to put more pressure on Canada and Mexico to go along with some of the things the us wants in the NAFTA negotiations", he added. A total of 10 blast furnaces have been shuttered or idled in the United States since 2000, a 50-percent reduction that was attributed to foreign competition and excessive imports.

"We are on the losing side of nearly all trade deals", the president tweeted.

He said he looks at vacant land along Lake Erie, not far from where he used to work, and imagines a new steel mill rising and a new era beginning.

'This is Us' emotional finale looks back, and ahead
And we see her getting up and preparing what looks to be like she is about to dump some of his ashes out near the tree. "I can't tell you who the "her" is, but we'll be definitely following up on it in season three ", Berger said .

If the Trump administration is not receptive, the European Union could turn to its backup plan: retaliation. Trump says his steel and aluminum tariffs meet that standard because the United States has lost so many manufacturing jobs - 4.6 million just since 2000.

The former real estate developer said US politicians had for years lamented the decline in the steel and aluminum industries but no one before him was willing to take action.

"This has been an assault on our country", he said.

Trump appears resolute in implementing the tariffs but has given himself flexibility in drafting the final order. He says American manufacturers need to be protected on national security grounds. "It meant in practice that in the US they lost thousands and thousands of jobs", Katainen said.

The people were not authorized to discuss details in advance and spoke on condition of anonymity.

Last Thursday, Donald Trump announced - without first addressing his administration - that the US would be invoking a policy allowing them to put tariffs of 10 per cent on aluminum and 25 per cent on steel when there is a "threat to national security".

Whether Canada and Mexico's brief reprieve from tariffs will jump-start NAFTA talks or be perceived as coercion to win concessions remains an open question. He also left room for any other country to negotiate its own exclusion from the order.

The announcement comes amid a last-minute lobbying effort to blunt the impact of tariffs. "We want our workers to be protected and we want, frankly, our companies to be protected".

U.S. allies might be asked to increase their financial commitments to North Atlantic Treaty Organisation to avoid new U.S. tariffs on their exports of steel and aluminum to the United States, the U.S. Treasury secretary has said.

In Mexico, the main U.S. negotiator, Robert Lighthizer, said that the revision of the pact was slower than expected with only six chapters completed with 30 pending, since the parties began negotiations in August 2017.

His comments in a Cabinet meeting Thursday come hours before a 3:30 p.m. meeting to formalize the tariffs amid uncertainty in the West Wing over which countries will be exempted from the protectionist measure. "Border trade empowers New Mexico's economy, and any change of our relationship with Mexico - because of tariffs or the renegotiation of NAFTA - must protect the thousands of working New Mexicans whose livelihoods depend on stable trade relations with Mexico".

At the White House, an upbeat Trump chatted with the steelworkers, invited them to the Oval Office and autographed a hard hat. "I'd rather see those sorts of things boosted instead of tariffs and trade practices such as this".

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