Friday, 17 August, 2018

Koch groups launch multi-million campaign against Trump tariffs

Trump takes aim at Canada after Trudeau's retaliation over new US tariffs Watch: Justin Trudeau makes a lot of jokes (and we mean a lot) about his India visit
Faye Gross | 05 June, 2018, 17:01

"These tariffs amount to self-imposed barriers to the success of tax reform and we urge the administration to reconsider". "The prime minister also underlined the need to safeguard jobs that would potentially be affected by the decision".

Canadian Prime Minister Justin Trudeau, and several other world leaders, are not pulling any punches in the worldwide blowback to President Donald Trump's decision to put tariffs on steel and aluminum imports.

Just before the G7 meeting ended, Trump wrote on Twitter that "the United States must, at long last, be treated fairly on Trade".

The United States upset some of its closest allies at the end of last week by imposing tariffs on steel and aluminum imports from Canada, Mexico and the European Union.

Last month and earlier Thursday, Ottawa also unveiled measures to stop transshipments of steel and aluminium into the North American market, hoping to satisfy USA concerns and avert a trade war.

"The Trump administration has taken some incredibly positive steps for the American economy, but tariffs will undercut that progress and needlessly hamstring our full economic potential, " Tim Phillips, president of the Koch-affiliated Americans for Prosperity, said in a statement.

In a rare show of division among the normally harmonious club of wealthy nations, the six other G7 member countries issued a statement asking U.S. Treasury Secretary Steven Mnuchin to convey their "unanimous concern and disappointment" about the tariffs to President Donald Trump.

Warriors not expecting LeBron James and Co. to lose edge
However, the Cavaliers' performance has given fans hope that this series could be more competitive than originally predicted. James scored 51 points during a thoroughly dominating effort, but the Cavs couldn't overcome some late miscues.


Officials at the G7 meeting said the tariffs made it more hard for the group to work together to confront China's trade practises, especially when Beijing, like most G7 members, supports the current World Trade Organisation-based trade rules and the United States is seeking to go around them. "Time to get smart!" he added. An all-out trade war may become unavoidable if he doesn't. The three countries are engaged in renegotiation talks. One will raise tariffs, a type of tax, causing the other to respond, in a tit-for-tat escalation. Taxes on products made overseas.

But Cornyn said he believes the president's actions can not be stopped through legislation. They're likely to buy cheaper local products instead, boosting your country's economy.

He welcomed the EU's decision to take the matter to the World Trade Organisation (WTO), but said it could be hard for it to act. While China doesn't want an escalation in trade tensions, it will defend its core interests, according to a commentary published Monday by the state-run Economic Daily.

Canada sent 84 percent of its steel exports, worth C$9 billion ($6.97 billion), south past year, according to Statistics Canada.

The EU has opened a case at the World Trade Organization after the U.S. imposed a 25 percent duty on European steel and a 10 percent duty on European aluminium last Friday.

Trump's decision to penalize some of America's best friends is consistent with his approach of pressing allies and wooing foes, betting he can extract things from both to benefit the United States - and his resume.

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