Tuesday, 25 September, 2018

Canada excluded from US steel, aluminum tariffs

Donald Trump the US president Donald Trump the US president Credit Andrew Harrer Bloomberg
Faye Gross | 12 March, 2018, 06:31

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

An administration official told the Washington Post before Navarro's comments that Canada and Mexico would likely be exempted from tariffs for 30 days - not a whole lot of time to wrap up negotiations on the trade agreement that have lately stalled.

Any Japanese response, he said, would be in line with World Trade Organization rules: "If there is a violation, then we will seek consultations", Seko said.

But some Canadian steel suppliers are in the meantime playing the market cautiously, two service center sources said.

Several Southeast Asian nations say they fear a wave of import dumping of steel and aluminum products.

President Trump set import tariffs of 25 percent on steel and 10 percent on aluminium last night with an exemption for Canada and Mexico and the possibility of excluding other allies.

The European Union is prepared to retaliate against US President Donald Trump's decision to impose steel and aluminium tariffs while still favouring talks to resolve the dispute, a senior EU official said today.

According to statistics from Australia's Department of Foreign Affairs and Trade, the country's exports of steel to the United States were worth $133.5 million in the 2016-2017 fiscal year and exports of aluminum to the USA were worth $129.6 million during that time.

Canada is the biggest supplier of steel imported by the USA each year.

The UK steel industry has warned it could be badly hit after the president confirmed plans for a 25% tariff on imports.

Bacon, a member of the House Agriculture Committee, said the USA needs to remain in NAFTA. "But now President Trump chose to break those rules.so this is a very bad situation", Wisarn told VOA.

Stockdale double sets up Irish for Grand Slam showdown
Joe Schmidt admitted the 20-point winning margin was harsh on Scotland and skipper John Barclay agreed his side were hard done by. Ulster flyer Stockdale went over twice, however, the second on the stroke of halftime as Ireland went in 14-3 ahead.


"Perhaps the shadow of Gary Cohn still lingers", Gibbs wrote in reference to Trump's former top economic advisor, who is said to have resigned over the tariffs.

Mr Trump said he will not be imposing the tariffs on the "great nation of Australia", fulfilling a promise he made to Prime Minister Malcolm Turnbull.

FILE - Cranes are seen above piles of steel pipes to be exported at a port in Lianyungang, Jiangsu province, China, Dec. 1, 2015.

"The president has denied the allegations against him", press secretary Sarah Sanders told reporters.

European Union countries were compiling a list of USA products that could be subject to reciprocal levies.

In a tweet, he said the "U.S.is acting swiftly on Intellectual Property theft". "So the impact of the US action, in fact, would have very little impact as far as East Asia is concerned", he told VOA.

As the new tariffs go into place, the administration will continue to negotiate on NAFTA.

Such legislation deserves the support of those who are not only acutely concerned with Trump's rhetoric on trade as of late, but those who value a commitment to the Constitution and reining in the imperial presidency.

The looming departure of White House economic adviser Gary Cohn, a former Goldman Sachs executive who has opposed the promised tariffs, set off anxiety among business leaders and investors anxious about a potential trade war. The World Bank in a January assessment said growth in East Asia and Pacific is forecast at 6.2 percent in 2018, down slightly from 6.4 percent in 2017.

Trade body UK Steel said the tariffs could have a "profound and detrimental impact", while the Community union demanded action to protect British jobs and avoid a "global trade war".

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