Sentences with phrase «tariffs on allies»

Commerce Secretary Wilbur Ross says the U.S. will have to decide «very soon» whether to levy steel and aluminum tariffs on allies.

Not exact matches

«DoD continues to be concerned about the negative impact on our key allies,» it said, and «targeted tariffs are more preferable than a global quota or tariff.»

President Donald Trump pressed ahead on Thursday with import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier «no - exceptions» stance.

Instead of relying on tariffs, the U.S. should partner with its allies to restrict Chinese investment in certain sectors until those same sectors are opened up to Western investment in China, the former U.S. ambassador to China said.

Trump on Thursday pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminium on Thursday, though he announced exemptions for Canada and Mexico, and said exceptions could also be made for other allies.

On Monday, the White House said it extended the May 1 deadline for tariff exemptions on allies such as the European Union, Canada and Mexico for another 30 dayOn Monday, the White House said it extended the May 1 deadline for tariff exemptions on allies such as the European Union, Canada and Mexico for another 30 dayon allies such as the European Union, Canada and Mexico for another 30 days.

The U.S. on Monday extended exemptions from the tariffs for allies such as the European Union, Canada and Mexico.

TOKYO, May 1 - U.S. stock futures edged up and Australian shares hit seven - week highs on Tuesday after the United States postponed the imposition of steel and aluminum tariffs on Canada, the European Union and Mexico, and offered permanent exemptions for several other allies.

The fact that Canada might be included on the initial hit list had become a political sore spot for the administration, as U.S. critics of the move ridiculed it by zeroing on the idea of national - security tariffs against a peaceful next - door neighbour and defence ally.

WASHINGTON, March 5 (Reuters)- U.S. President Donald Trump faced growing pressure on Monday from political and diplomatic allies as well as U.S. companies urging him to pull back from proposed steel and aluminum tariffs, although he said he would stick to his guns.

TOKYO, March 6 (Reuters)- Asian shares regained some ground on Tuesday after U.S. President Donald Trump faced growing pressure from political allies to pull back from proposed steel and aluminium tariffs, easing investor worries about an imminent trade war.

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.

In a Monday interview on «Mad Money,» Nucor CEO John Ferriola pushed back against arguments that the tariffs are unfair to U.S. trading partners and allies.

WASHINGTON (Reuters)- U.S. President Donald Trump faced growing pressure on Monday from political and diplomatic allies as well as U.S. companies urging him to pull back from proposed steel and aluminum tariffs, although he said he would stick to his guns.

Advisers have been bitterly divided over how to proceed on the tariffs, including whether to impose them broadly on all steel and aluminum imports, which would ensnare allies like the European Union and Canada, or whether to tailor them more narrowly to target specific countries.

The administration has said it wants to combat cheap metals flooding into the United States, particularly from China, but a broad set of tariffs would fall most heavily on allies, especially Canada, which supplies steel and aluminum to American companies as well as the military.

Trump didn't budge on his position for steel and aluminum tariffs in a meeting between the two leaders — but he at least reassured his European ally that any tariffs would be implemented in a «very loving way.»

WASHINGTON U.S. President Donald Trump faced growing pressure on Monday from political and diplomatic allies as well as U.S. companies urging him to pull back from proposed steel and aluminum tariffs, although he said he would stick to his guns.

A crucial deadline will expire on Tuesday for six U.S. allies temporarily exempted from steel and aluminum trade tariffs.

WASHINGTON — The Trump administration said on Monday that it would delay a decision to impose steel and aluminum tariffs on the European Union, Canada and Mexico for another 30 days, giving key allies a reprieve as the White House tries to extract concessions from trading partners who have resisted those demands.

The possibility that temporary exemptions on steel and aluminium tariffs might expire for several US allies also weighed on US stocks.

A crucial deadline will pass on Tuesday for six American allies who were temporarily exempted from President Trump's steel and aluminum tariffs.

Other key US allies, including Germany, Brazil and Mexico, will also suffer from the tariffs on their steel exports.

The White House has delayed a decision on steel and aluminum tariffs for the European Union and other US allies for 30 days.

In this post I showed the negative impact on some US allies from tariffs on Chinese exports to the US, highlighting the importance of distinguishing between gross value and value added.

President Donald Trump drew short shrift from key economic allies after he offered a second temporary exemption on metal - import tariffs rather than the permanent waiver most are demanding.

When the Trump administration announced tariffs on US imports of steel and aluminum in the name of national security, America's allies were shocked.

On Monday, he kept US allies guessing on what he would do on steel tariffs.On Monday, he kept US allies guessing on what he would do on steel tariffs.on what he would do on steel tariffs.on steel tariffs...

But Trump's tough line on US trade with other economies, including threatening tariffs on US imports steel and aluminum from allies such as the European Union and Canada, has made building a united front on China a lot harder.

The divergent international trade policies have confused allies and sparked retaliation by China, which announced Friday it planned to impose tariffs on $ 3 billion in American products.

The tariffs on Canada and Mexico have been temporarily suspended, pending the upcoming NAFTA negotiations, and Trump will also allow other US allies to apply for an exemption, though it's still not clear on what basis such exemptions would be granted or denied.