HUD Secretary Ben Carson Blames His Wife for Purchasing $31000 Dining Set
Kolkata police unhappy even as BCCI share Mohammed Shami's Dubai stay details?
Villas to host art projects, Easter Bunny visit
US, South Korean Defense Chiefs agree to resume combined exercises
California city aims to opt out of state's 'sanctuary' law
Trump raises trade war fears with tariffs
14 March 2018, 04:23 | Opal Carroll
Trump raises trade war fears with tariffs
Trump's threat of tariffs is perhaps simply a strategic salvo created to elicit further concessions from Canada and Mexico in the NAFTA negotiations.
Wilson says the problem could grow worse if the USA pulls out of the North American Free Trade Agreement with Canada and Mexico.
"We have some friends and some enemies where we have been tremendously taken advantage of over the years on trade and on military", he said.
Canada, America's neighbor to the north, was its single-largest source of steel previous year, followed by Brazil, South Korea, Russia, Mexico, Japan and Germany.
His move, an assertive step for his "America First" agenda, has rattled allies across the globe and raised questions at home about whether protectionism will impede USA economic growth.
Mr. Mnuchin spoke at a House appropriations subcommittee hearing on the Treasury Department's 2019 budget.
"The proclamation will have a clause that does not impose these tariffs immediately on Canada and Mexico, and its going to give us an opportunity and one of the best guys in this administration, Ambassador Robert Lighthizer the opportunity to negotiate a great deal for this country", Navarro said.
Republicans say they fear the move could dampen the positive economic effects from the GOP's $1.5 trillion tax-cut law, which they're featuring as a key part of their 2018 midterm strategy.
"Today, I am defending America's national security by placing tariffs on foreign imports of steel and aluminum", Trump said in the Roosevelt Room, flanked by steel and aluminum workers. While it was earlier reported that the order was to be signed Thursday, a person familiar with the planning said it would likely be pushed back to allow more time to prepare the legal documents.
Despite the increased pressure at home and overseas, Trump insisted he would "not back down". "It meant in practice that in the USA they lost thousands and thousands of jobs", Katainen said.
Radford downs LIU Brooklyn for first tourney win
BOTTOM LINE: Northeast Conference Tournament victor LIU-Brooklyn makes its first appearance in the tournament in five years. By then the lead was nine with less than two minutes to go, and Radford could begin to celebrate making school history.
The WTO's Dispute Settlement Body has never arbitrated a case filed under its national security clause - known as Article 21 - which was first enshrined after World War II in the General Agreement on Tariffs and Trade (GATT).
Ford has said it also uses mostly American-made steel for vehicles produced in the United States.
While economic fallout from Trump 's tariffs remains unclear, the political fallout has been swift.
But Trump is pointing to national security as the reason for the tariffs; he's said, "If you don't have steel, you don't have a country".
The president triggered anxiety last week when he said a global trade would be "easy to win" and issued a threat in particular to German carmakers, one of which, BMW, runs a major plant in the US. Tariffs would "seriously impact the normal order of worldwide trade", the Commerce Ministry said. "And it hurts American consumers", he said.
Trump kept Canada and Mexico as potential tariff targets because that served US interests in winning concessions in ongoing NAFTA negotiations.
More than 50 percent of steel and aluminum exports come from allies in the European Union, Canada, Japan, and South Korea. Such a conflict "will only harm everyone and China will surely make a justified and necessary response". But Trump's proposed tariffs are quite broad-sweeping and include key USA allies.
In Brussels, European Commission Vice President Jyrki Katainen said US protectionism would be bad for America itself. White House economic adviser Gary Cohn is summoning executives from USA companies that depend on the metals to meet this week with Trump to try to persuade him to blunt or halt the tariffs announced last week, according to two people familiar with the matter.
Roy Rickhuss, general secretary of steelworkers' union Community, said: "Donald Trump's short-sighted strategy will put jobs at risk on both sides of the Atlantic".
Kirk Cousins to sign with Vikings Thursday
Is the 29-year-old Cousins worth that type of guaranteed money? The contract is the main sticking point among Vikings fans. The Vikings are hedging their bets on someone who is 26-30-1 as a starter with no playoff wins on his resume.
Rain wreaks havoc for Federer at Indian Wells
Djokovic scrambled to win the second set on Sunday but the rust from the layoff was evident as he made 62 unforced errors overall. The world No. 44 served only one double fault on her way to wrapping up the match in 1 hour, 21 minutes.
Manila slams United Nations rights chief
Carlos Conde, a researcher with the group Human Right Watch said that the petition to the court was basically a hit list . Corpuz was appointed as a UN expert in 2014 and served as former chair of the UN Permanent Forum on Indigenous Issues .
World stocks inch higher as investors await US inflation data
The higher than expected rate was driven largely by the increase in the cost of food items, which shot up by 0.87% Month-on-Month. The cumulative growth in these three sectors during April 2017-January 2018 stood at 2.5%, 4.3%, and 5.3%, respectively.
Stephen Hawking dead at 76
He one said, 'It would not be much of a universe if it wasn't home to the people you love.' We will miss him forever. He said: "Perhaps one day we will be able to use gravitational waves to look back into the heart of the Big Bang".