Trump tech tariff threat overshadows strong China factory, investment data

16 March, 2018, 01:12 | Author: Chad Mckenzie
  • Why is Donald Trump's trade war dangerous?

"We are not afraid, we will stand up to the bullies", Trade Commissioner Cecilia Malmstrom said earlier in the day.

Trudeau said the surplus of steel in the global market is not new and with American tariffs in place, some countries might try to ship to the US through Canada.

"Based on the fact that there are few parts necessary for the upkeep of a vehicle that does not contain significant amounts of steel and aluminum, this action will have a significant negative impact throughout the supply chain, including many small medium and small businesses and their employees that comprise the auto care industry", said Bill Hanvey, president and CEO, Auto Care Association.

Malmstroem said the real problem is an oversupply of steel on global markets, and she rejected Trump's assertion that the tariffs are needed to protect USA national security, especially when most European Union countries are members of North Atlantic Treaty Organisation.

USA business groups, while uneasy about triggering Chinese retaliation, have increasingly pressed Washington to take action on Beijing's industrial policies, such as market access restrictions and the "Made in China 2025" plan, which aims to supplant foreign technologies with domestic ones.

The same day, Trump announced talks with Beijing on reducing the USA trade deficit by $100 billion, adding that Chinese officials had been "very helpful" and that Washington would reduce the bilateral deficit "one way or another".

Police 'looking into' incident involving former Liverpool defender
Carragher after the disgusting incident had phoned the girl and her father apologising to them. I spoke to the family last night and I want to apologise as much as I can'.

The European Commission, which coordinates trade policy for the 28-nation EU, the world's biggest trading bloc, has said it is ready to impose safeguards, tariffs or quotas to protect its own steel and aluminium industries.

Commission Vice President Jyrki Katainen warned Washington not to expect any concessions to win an exemption.

Japan's government has warned the measure could hurt its economic relations with the U.S. But ahead of Saturday's talks, Seko also cautioned that "falling to exchanges of unilateral measures will not be in the interest of any country", according to the Kyodo news agency.

It has already started monitoring incoming metal flows to see whether a surge occurs.

Responding to calls for exemptions, Mr Trump said the "wonderful countries" of the European Union "treat the USA very badly on trade". If they drop their horrific barriers & tariffs on USA products going in, we will likewise drop ours.

"We want free and open world trade because for consumers and for citizens this is the best situation", acting German Finance Minister Peter Altmaier said.

Met fires Levine; says there was no cover-up of sexual misbehavior
The more than three-month-long investigation involved interviews with more than 70 individuals, according to the Met. He frequently conducted at the Vienna Philharmonic, Berlin Philharmonic, Bayreuth festival and Salzburg festival.

Tariffs on tech exports could potentially hit the fastest growing segment of China's industrial sector, as Trump seeks to impose tariffs on up to $60 billion of Chinese imports in the very near future.

After meetings with US trade envoy Robert Lighthizer inBrussels, EU and Japanese trade officials said negotiations would need to continue.

The EU is also maintaining a threat of counter-measures that would target United States imports ranging from maize to motorcycles, and may publish its list next week to allow industry and other interested parties to give their input.

"We call for calm-headed behavior", he told reporters.

Under World Trade Organisation rules, such counter-measures have to be in place within 90 days of the USA tariffs entering force.

15-member ISA delegation to inspect city's solar energy promotion efforts today
Most of the member countries are located in equatorial regions in Africa and the Indian Ocean. He said better and cheaper solar technology should be easily available to all nations.

Recommended:



Popular

Naidu asks TDP MPs to raise special status issue in Parliament
However, Deputy Chairman of the Rajya Sabha P J Kurien, who was in the Chair, said the House needs to be in order first. The unabated protests had forced the adjournment of the House till 2 pm, about 15 minutes after it had assembled.

Gennaro Gattuso Remaining Confident of Champions League Qualification Despite Europa League Loss
You look who is in there and there is Milan, Dortmund, Atletico Madrid, Arsenal , all the French teams - some good French teams.

Case Keenum To Sign With Denver Broncos
Denver is in the market for a quarterback after going through last season with Trevor Siemian , Brock Osweiler and Paxton Lynch . We've talked about the Vance Joseph connection here before as a reason the Broncos remained an undercover option for McCarron.

Miley Cyrus sued for $300 million for allegedly stealing 'We Can't Stop'
Mind you, Flourgon's song never charted in the US , and it came out 4 years before Miley was born, but anyway. here's his claim. May's specific complaints include an assertion that " We Can't Stop " has a "substantially similar hook" to " We Run Things ".

Appeals Court Upholds Most of Texas' Anti-Sanctuary Cities Bill
SB4 had been slated to go into effect September 1, but just days before a federal district judge issued a broad injunction. Attorney General Ken Paxton , who had defended the law in court, said he was pleased with the ruling .

Multiple teams reported to have interest in Malcolm Butler
Throughout his tenure in New England, Butler tallied 209 combined tackles, 50 defended passes, eight interceptions and two sacks. Butler later denied any off-field misconduct, saying he never missed a curfew or do anything to hurt the Patriots' chances.

Flying taxis will soon take to the air in New Zealand tests
In other words, unless you live in New Zealand, don't necessarily count on climbing into an autonomous air taxi anytime soon. Anyone hoping to pick up their own autonomous flying taxi for personal use in the next few years will be disappointed.

Vermont Unemployment Rate Low As Labor Shortage Builds
Since January 2017, Kansas gained 9,100 seasonally adjusted total nonfarm jobs and 7,500 private sector jobs. Maryland's low unemployment should lead to wage growth and improved.

No way to gauge Trump's border wall promises
At Marine Corps Air Station Miramar in San Diego, Trump said sanctuary cities nullify federal law and violate the US Constitution. Trump told reporters then that he was putting himself "in great danger" by coming to the border. "THIS MUST STOP!" he wrote.

Southampton fires manager Mauricio Pellegrino
They have scored 29 goals in 30 games, winning only five of them - and have just one win in their past 17 league games. The Saints now languish in 17th position in the Premier League after suffering a 3-0 defeat at Newcastle on Saturday.