A crucial deadline will expire on Tuesday for six U.S. allies temporarily exempted from steel and
aluminum trade tariffs.
Not exact matches
The import
tariffs are intended to decrease American reliance on imported steel and
aluminum, thereby bringing their manufacture back to the U.S and generating «free, fair, and SMART
TRADE!»
Prime Minister Justin Trudeau said any move by the United States to impose
tariffs on Canadian steel and
aluminum would be a «very bad idea» guaranteed to disrupt
trade between the two nations.
Trade tensions between the two countries recently escalated as they announced plans for
tariffs on key products they buy from each other, ranging from Chinese
aluminum and steel to American orange juice and soybeans.
Trump has since reaffirmed his plans to slap
tariffs on steel and
aluminum imports, warning the European Union (EU) it could soon face a «big tax» for failing to treat the U.S. properly when it comes to
trade.
Last week, President Donald Trump condemned the U.S.
trade deficit with other countries and proposed plans to impose hefty
tariffs on steel and
aluminum imports.
But in recent months, he has voiced strong support for Trump's tougher
trade approach to China and steel and
aluminum tariffs.
Last week, President Donald Trump insisted «
trade wars are good» after a contentious global response regarding his decision to impose
tariffs on steel and
aluminum imports.
This is perhaps the most timely driver, considering President Donald Trump's recent announcement that he'll seek huge
tariffs on steel and
aluminum, and his subsequent comment that «
trade wars are good.»
Still, he said there was no room for complacency and warned of the perils of
trade protectionism amid fears that U.S. President Donald Trump will go ahead with plan to impose
tariffs on steel and
aluminum.
As the Trump administration considers what action to take on
trade tariffs on steel and
aluminum, European Union and Chinese officials are considering taking aim at politically strategic products made in the U.S., such as bourbon and motorcycles.
With U.S. steel and
aluminum tariffs set to take effect within days, France's top finance official said the EU shouldn't get caught in a
trade war.
In particular, agriculture states, already battered by low crop prices and poor weather, are antsy about getting slammed by
tariffs in retaliation for Trump
trade actions over steel,
aluminum and China.
Earlier this month, the Commerce Department recommended imposing heavy
tariffs or quotas on foreign producers of steel and
aluminum in the interest of national security, following a
trade investigation of imports.
Ignore all the day - to - day headlines out of Washington, he said on «Fast Money Halftime Report,» even as equities were coming intense under pressure on concerns about a
trade war after President Donald Trump announced steel and
aluminum tariffs.
The prospect of
tariffs has created deep concerns in Canada, the No. 1 supplier of both steel and
aluminum to the U.S. Ottawa has hinted at retaliatory action, as have the European Union and Mexico, in what could become an all - out
trade war.
BRUSSELS — The head of the European Union's executive has warned the United States that the bloc will not negotiate
trade concessions under threat, a day after President Donald Trump granted the EU only a one - month extension on steel and
aluminum tariffs.
«But blanket
tariffs that also sweep up fairly
traded steel and
aluminum, especially with
trading partners like Canada and Mexico — they should be excluded.»
On Sunday, Brady said all fairly
traded steel and
aluminum — especially from Canada and Mexico — should be excluded from the
tariffs.
It's the latest sign that Trump's plan to impose stiff
tariffs on steel and
aluminum is overshadowing talks to overhaul the North American Free
Trade Agreement.
The country's foreign minister said earlier this month, in response to Trump's decision to impose steel and
aluminum tariffs, that China would have a «justified and necessary response» to any efforts to incite a
trade war.
The Trump administration is now threatening
trade actions against China, after broadly imposing steel and
aluminum tariffs.
Their main reasons for panic were that the Chinese government could retaliate with its own
tariffs on U.S. goods; that steel and
aluminum prices would rise, causing a ripple of inflation; and that Trump's move would spur a full - blown
trade war, slowing the economy and potentially even sparking a recession or depression.
The hedge fund manager says job losses from steel and
aluminum tariffs are a small price to pay for fighting back on longer - term
trade issues
Century
Aluminum President and CEO Michael Bless speaks to CNBC's Jackie DeAngelis about the benefits of President Trump's proposed steel and aluminum tariffs and dismisses the «hysteria» of a tr
Aluminum President and CEO Michael Bless speaks to CNBC's Jackie DeAngelis about the benefits of President Trump's proposed steel and
aluminum tariffs and dismisses the «hysteria» of a tr
aluminum tariffs and dismisses the «hysteria» of a
trade war.
Trump has proposed a 25 percent
tariff on steel imports and 10 percent on
aluminum imports, sparking fears of a
trade war.
TRADE: The White House said Monday it would delay its decision to impose
tariffs on U.S. imports of steel and
aluminum from...
Certain exemptions could be made to the
tariffs on foreign steel and
aluminum announced by President Donald Trump but exclusions for entire countries aren't expected, the top White House
trade adviser said.
Trump said Monday that Canada and Mexico might be spared from his plans for a 25 per cent
tariff on steel imports and 10 per cent
tariff on
aluminum imports if they agree to better terms for the U.S. in talks aimed at revising the North American Free
Trade Agreement.
Xi outlines his plans at the Boao Forum for Asia on the same day the World
Trade Organization said China filed a complaint challenging President Donald Trump's
tariffs on imported steel and
aluminum.
The World
Trade Organization said Tuesday that China filed a complaint challenging President Donald Trump's
tariffs on imported steel and
aluminum.
Any move by the United States to impose
tariffs on Canadian steel and
aluminum would be a «very bad idea» guaranteed to disrupt
trade between the two countries, Canadian Prime Minister Justin Trudeau said on Monday.
The world's two biggest economies have imposed import
tariffs on each other's goods, including Chinese
aluminum and U.S.
aluminum scrap, and threatened more action in a
trade dispute that has roiled metals markets.
MEXICO CITY, March 4 (Reuters)- Canadian Foreign Minister Chrystia Freeland will on Sunday meet a top U.S. Republican lawmaker overseeing
trade as tensions between the two neighbors ramp up over possible American steel and
aluminum tariffs.
The dollar fell on fears of a
trade war after Trump said the U.S. would impose
tariffs on steel and
aluminum.
President Donald Trump increased pressure on Canada and Mexico over
trade on Monday, saying the two could avoid being caught in his planned hefty
tariffs on steel and
aluminum if they ceded ground in talks on a new NAFTA
trade deal.
NEW YORK, March 5 - Treasuries yields rose on Monday afternoon as the U.S. stock market recovered and fears of a
trade war eased after senior Republicans urged President Donald Trump to reconsider his threat to impose
tariffs on imported steel and
aluminum.
MEXICO CITY, March 5 - Canada and Mexico on Monday pushed back against President Donald Trump's suggestion that steel and
aluminum tariffs could be waived if they signed a new and «fair» NAFTA deal, setting the stage for a tense end to the latest talks to update the
trade pact.
His administration is in the midst of negotiations to revamp the North American Free
Trade Agreement (NAFTA) and last week announced the imposition of
tariffs on steel and
aluminum imports.
Trump is expected to finalize the
tariffs — 25 percent on steel and 10 percent on
aluminum — later in the week, posing a tough challenge for U.S.
Trade Representative Robert Lighthizer, Canada's Foreign Minister Chrystia Freeland, and Mexican Economy Minister Ildefonso Guajardo.
Exempt fairly -
traded steel and
aluminum, suggests Rep. Kevin Brady (R - Texas), talking about a targeted approach to
tariffs as uncertainty swirls around
trade talks.
Republican lawmaker overseeing
trade policy said on Sunday all fairly
traded steel and
aluminum should be excluded from President Donald Trump's
tariffs, especially those of NAFTA partners Canada and Mexico.
While complaints about China's abuse of intellectual property rights are not confined to the United States, Trump's global steel and
aluminum tariffs announced last week under section 232 of the
Trade Expansion Act of 1962 complicate U.S. efforts to recruit allies to put pressure on China.
Rothschild sued the Daily Mail over a report in the paper that he arranged for Lord Mandelson, the former EU
trade commissioner, to meet with Russian billionaire Oleg Deripaska in order to gain assurances that EU
aluminum tariffs would not rise.
MEXICO CITY, March 4 - Kevin Brady, chairman of the U.S. House Ways and Means Committee, said on Sunday all fairly
traded steel and
aluminum, especially from Canada and Mexico, should be excluded from President Donald Trump's proposed
tariffs.
Investors are worried that recent
tariffs implemented by Trump on steel and
aluminum imports could result in retaliatory actions from U.S.
trading partners, including China and the European Union.
As long as the Trump administration's steel and
aluminum tariffs do not trigger an all - out
trade war, the economic impacts will be minimal, according to an analysis by Barclays Research.
MEXICO CITY (Reuters)- An influential U.S. lawmaker said on Sunday all fairly
traded steel and
aluminum, especially from Canada and Mexico, should be excluded from President Donald Trump's proposed
tariffs, as he sought to calm tensions at major
trade talks in Mexico.
WASHINGTON — President Trump said on Thursday that he would impose stiff
tariffs on imports of steel and
aluminum, making good on a key campaign promise and rattling stock markets as the prospect of a global
trade fight appeared imminent.
This policy brief updates The
Trade Partnership's March 5 policy brief to examine the potential net impacts on U.S. jobs across all industries of retaliation threatened by U.S.
trading partners in response to the imposition of U.S. steel and
aluminum tariffs.