Friday, 16 November, 2018

Pro-GOP Business Lobbying Giant Goes to War With Trump Over Tariffs

Donald Trump Image Donald Trump believes the EU treats America 'very badly'
Elsie Buchanan | 04 July, 2018, 18:27

Right now, Canada has already instituted retaliatory tariffs against the U.S.as has the European Union for the tax on imported aluminum and steel.

The U.S. has complained about Chinese policies that Washington said either forced companies to relinquish key technology or allowed China to steal it outright.

Oil prices also fell after US President Donald Trump put pressure on Saudi Arabia to increase oil production.

A report from the US Chamber of Commerce shows $129-million dollars in South Dakota exports are threatened by retaliatory tariffs from trading partners. After five hours of talks, they agreed to establish "transit centers" on Germany's border with Austria where asylum-seekers would be evaluated and, if it turned out they already had applied for protection in another European Union country, sent back to that country. Japan's government has warned in a report that a higher US tariff on auto imports could backfire, jeopardizing hundreds of thousands of American jobs created by Japanese auto-related companies, raising prices for USA consumers and devastating the USA and global economy.

In the letter, BMW states the company doesn't agree with Trump's suggestion that tariffs on imported automobiles and automotive parts will help improve the United States' economic security.

The Chamber's report finds that $3.9bn (€3.3bn) worth of exports from Texas could be targeted by retaliatory tariffs, including $1.6bn from Mexico and $1.4bn from China. China is expected to strike back with tariffs on a similar amount of us exports.

In a 10-page submission to the United States Commerce Department sent last Friday, the European Union said tariffs on cars and auto parts were unjustifiable and did not make economic sense.

Criminals Land Helicopter In Prison To Help Gangster Escape
French police are also investigating the possibility that Faid may now be disguised as an Orthodox Jew and on his way to Israel. Just months before his escape, drones were spotted flying above the prison which are now believed to be linked to the breakout.


The US investigation into European Union vehicle exports "lacks legitimacy, factual basis and violates worldwide trade rules", the Commission said in a statement.

Trump has singled out the Europeans as a problem as great to the U.S. on trade as China and laid out threats to fight the EU with a 20 percent duty on EU auto imports, a particular source of his scorn.

The ISM said that demand remained strong but supply chains continued to "struggle" because of import tariffs and the robust economy.

Muller says 27 percent of the pork product in the United States are exported.

Meanwhile, President Trump said in a weekend interview that while he is open to signing a renegotiated North American Free Trade Agreement (NAFTA) with Canada and Mexico, he wouldn't do so until after midterm elections in November. The EU has a 10 per cent levy, compared to 2.5 per cent for cars entering the US.

The US tariff on Chinese goods is threatening jobs at the Moog synthesiser company.

"I will tell you, China wants to make a deal and so do I, but it's got to be a fair deal for this country", he said.

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