Home » Sport

China stands to gain from Trump's steel tariffs

06 March, 2018, 02:08 | Author: John Swanson
  • China stands to gain from Trump's steel tariffs

Meanwhile, they may also face retaliatory tariffs from foreign countries against the goods they export, hurting their ability to sell overseas. He calls them "the wrong way to incentivize the creation of a new & modern #NAFTA". Highly restrictive. Mexico must do much more on stopping drugs from pouring into the U.S. They have not done what needs to be done.

Canada's Finance Minister Bill Morneau reacted to Trump's tweets on Monday saying the country is negotiating NAFTA with a partner that has "changed the terms of the discussion".

U.S. Commerce Secretary Wilbur Ross uses a can of Campbell's Soup to defend steel and aluminum tariffs in this screen grab from CNBC, March 2, 2018.

"We are very close to a fast-spreading trade war, and in this kind of war there are only victims, not winners", Katainen said. But Trump revived his complaints about Nafta being a "bad deal" for the U.S.in tweet on Monday and linked the talks underway in Mexico to the tariffs. The American International Automobile Dealers Association quickly issued a statement against the plan.

Ryan notes through his spokeswoman that the new tax overhaul "has boosted the economy and we certainly don't want to jeopardize those gains".

There's a popular myth that these new tariffs are aimed at China.

Meghan Markle to be baptised this month - details revealed
Couple set to Wednesday at Windsor Castle; wedding date presents potential scheduling conflict for Prince William. However, after a full week of public appearances she needed to rest given that she is seven months pregnant.

The letter doesn't mention any countries as potential targets.

Senator Mike Lee, a Utah Republican, tweeted about his bill to limit the president's ability to impose tariffs without approval from Congress.

That has included the threat that Washington will withdraw from the North American Free Trade Agreement if it is not satisfactorily renegotiated, and his unexpected, market-rattling announcement of plans for hefty tariffs on steel and aluminum imports.

Trump's criticism of trade agreements and China's trade policies found support with white working-class Americans whose wages had stagnated over the years. The latest round of a almost year-long renegotiation effort is concluding this week in Mexico City.

They also seem likely to damage USA allies such as Canada more than Trump's ultimate rival China.

It was the latest worldwide reaction to Trump's announcement Thursday that he will impose 25 percent tariffs on steel imports and 10 percent on aluminum, raising fears of a trade war and sending global stock markets tumbling.

Saudi crown prince lands in Egypt on first public trip
The Saudi prince is expected to sign a number of agreements, Saudi state television said without giving further details. This prompted France's Emanuel Macron to mediate his return to Lebanon, before Hariri swiftly revoked his resignation.

And Navarro argued Monday that "there are virtually no costs here".

The union represents tens of thousands of workers in the automotive manufacturing, steel and aluminum sectors across Canada.

Ross told Stephanopoulos that the US tariffs would help to correct a decades-old trade policy that has disadvantaged America.

"Firm line in the sand", he says. The tariffs will cause prices on items made from steel and aluminum to increase, and retaliation by other nations is a near certainty.

He said: "The United States must know that if these unilateral decisions were to be maintained and confirmed, they would lead to a strong, coordinated and united answer from the European Union".

White House trade adviser Peter Navarro said Sunday that Trump is not planning to exempt any countries from the tariff hike. The announcement angered key United States allies - Canada, the EU, Australia, Mexico and China.

Woods to warm up for Masters in Florida
The 42-year-old finished joint-23rd at Torrey Pines , before failing to make the cut at the Genesis Open last month. Each and every time I've come out to tournaments, I'm getting the feel of the round faster.


  • Shaquem Griffin steals show with bench press at National Football League  combine

    Shaquem Griffin steals show with bench press at National Football League combine

    He also earned defensive MVP honors in the Peach Bowl in January, which capped UCF's undefeated season with a win over Auburn. Shaquille now plays for the Seattle Seahawks . "I think I beat that by a lot", Griffin told reporters at the combine.
    Nirav Modi Fraud case: Odisha man arrested

    Nirav Modi Fraud case: Odisha man arrested

    In reply to the third summons, the businessman raised the issue of his security, the ED counsel said. This comes after Modi had denied joining investigation in a reply to CBI mail to him.
    Harvey Weinstein and 'Casting Couch' Appear in Hollywood

    Harvey Weinstein and 'Casting Couch' Appear in Hollywood

    A street artist known as Plastic Jesus has added to the troll-fest of Hollywood prior to its biggest night of the year. The artist - whose real name is unknown - said it took two months to make the statue, and it was paid for by donations.
  • Meghalaya also goes to NDA, Conard Sangma to be CM

    Meghalaya also goes to NDA, Conard Sangma to be CM

    Instead, it said it is talking to "like-minded people". "But there are circumstances and so we will have to be here", he said. But the designated Chief Minister said: "It is not about the single largest but it is about the group who has the majority".
    Former recruiter sues Google, says white and Asian candidates were 'purged'

    Former recruiter sues Google, says white and Asian candidates were 'purged'

    California labor law prohibits refusing to hire employees based on characteristics like race or gender. The lawsuit suggests that some of Google's efforts were clumsy, and may have been counterproductive.

    Britain's May sets out vision for post-Brexit trade with EU

    Her solution has been to ask for everything and avoid the inevitable hard choices. Trade lobby group techUK, welcomed the Prime Minister's "pragmatic approach".
  • Student who killed parents at United States  university in custody

    Student who killed parents at United States university in custody

    Davis allegedly escaped from the dormitory on foot, leading to a campus lockdown and a citywide manhunt for the alleged shooter. Mount Pleasant is about a 285-mile (460-kilometre) drive from the family's hometown of Plainfield, Illinois.
    Ivanka Trump's Canadian Business Deal Is Reportedly Under Investigation by the FBI

    Ivanka Trump's Canadian Business Deal Is Reportedly Under Investigation by the FBI

    The $360 million project, which features 147 guest rooms and 217 luxury residences, quickly became a magnet for foreign buyers. A scion of one of Malaysia's wealthiest families, Tiah runs his family's Canada-based development company Holborn Group.
    Amazon's Alexa is down for everyone right now

    Amazon's Alexa is down for everyone right now

    Amazon Echo owners at Business Insider confirmed that Alexa is acting up, and it's being slow and buggy. Amazon's bigger goal, however, is to teach Alexa to become a multilingual assistant.
  • Senate debates gun, school-safety bill

    Senate debates gun, school-safety bill

    The state senate initially passed the measure on a voice vote, but the body reconsidered the amendment and voted to overturn it. But much of the debate Saturday revolved around gun control and whether people should have a right to own an assault rifle.
    White House on lock-down as man shoots self

    White House on lock-down as man shoots self

    Correspondents who were in the White House at the time were put on lockdown in the press briefing room following the incident. The incident increased security at the White House, and reporters were temporarily sent down to the basement.
    Look! Kylie Jenner shares adorable snap of Stormi

    Look! Kylie Jenner shares adorable snap of Stormi

    Khloe also intends to fly out her doctor so she can take charge of the procedure. Stormi was born on February 1st weighing 8 pounds, 9 ounces.


Saudi Arabia Condemns French Embassy Attack In Burkina Faso
A SUSPECTED key figure in the deadly Burkina Faso attacks has been arrested, a government source said today. In reprisal for Burkina Faso's participation in a regional fight against Islamist militant.

Kell Brook vows to dominate at 154lbs ahead of super-welterweight debut
The cut was so bad the fight was stopped and Commonwealth champion Thomas retained his title via a technical draw. He said on Thursday: 'I'm not used losing but I've had two in a row.

WATCH Justin Thomas hole out for walk-off eagle at WGC-Mexico
Sharma started the third round solidly with three birdies in the first six holes but was a mediocre one-over the rest of the way. For a player who is almost five years removed from his last victory (2013 Open Championship) the confidence has returned.

Newsmaker: Georgia Skuza, Liberty junior, on March 14 student walkouts
OSCAR BRAYNON: We're talking about a bill that is going to, in my opinion, put people, children in my community in harm's way. In coordination with a few local organizations, some are planning a local March For Our Lives .

Cristiano Ronaldo nets 300th La Liga goal for Real Madrid
Ronaldo made a pair of nice moves to clear defenders inside the area in first-half injury time for his first. The striker caught Nacho round the neck with an outstretched arm and was given a second yellow card.

Trump unhappy with his attorney general's surveillance probe decision
But let's take it out of the context of a president talking about his attorney general. "Isn't the I.G.an Obama guy?" On CNN, Rep. For the moment, the president has left his attorney general little choice but to defend his department.

Nagaland Election 2018: BJP wins 11 seats, holds key to form Govt.
What worked for the BJP was its slogan of "Chalo paltai" (Let's change) that caught the imagination of the electorate. The party observers will meet the newly-elected MLAs to ascertain their views on government formation.

I Know Who Should Draft Lamar Jackson
Apparently not everyone is sold on the idea of Lamar Jackson as an National Football League quarterback. Jackson did not catch a single pass during his three-year tenure at Louisville.

ICE confirms 9 arrests in Beckley sweep
During the operation, ICE's Enforcement and Removal Operations (ERO) arrested 232 individuals for violating US immigration laws. Homan added on Fox News' "Fox & Friends" that the Department of Justice is "reviewing" whether Schaaf broke any laws.

WWE Raw: Reigns calls out Lesnar, Rousey demands an apology
Lesnar, 40, is under contract with WWE through WrestleMania 34 . "When Brock Lesnar won the championship, it was fun". Lesnar to come across like a shoot as much as possible, which is where Reigns' worked-shoot promo from RAW comes in.