• News
  • World

USA risks trade fight with Europe as sanctions delay expires

USA risks trade fight with Europe as sanctions delay expires

In March, Trump imposed duties of 25 percent on steel and 10 percent on aluminum.

That meant the steel tariff covered just 30 percent of all imports, according to Oxford Economics.

So far, South Korea is the only nation to be spared from the duties after reaching a deal to revise its bilateral free trade agreement with the US, which was already under way.

Canadian Prime Minister Justin Trudeau said on Monday that 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.

European Trade Commissioner Malmstrom was due to talk by phone with U.S. Commerce Secretary Wilbur Ross on Monday in a last effort to persuade Washington to do so.

The EU's draft list of USA imports that could be slapped by tit-for-tat tariffs amounts to €2.8 billion ($3.4 billion), a lot less than the €6.4 billion worth of steel and aluminum that the bloc exported to the U.S. in 2017. The EU, Australia, Argentina, Brazil, Canada, Mexico and South Korea were given temporary waivers, which are slated to expire on May 1. Security relationships with the USA have also been part of the criteria.

Juventus confirm Giorgio Chiellini knee injury
The match was a nail-biter, with Napoli nearly notching an early goal when winger Lorenzo Insigne fired a shot that went wide. Chiellini has already begun therapy but no other details were provided by the club regarding the length of recovery.

Macron says has 'proof' of Syrian chemical attack, vows response
Mr Trump rowed back on that threat on Thursday, however, tweeting "Never said when an attack on Syria would take place". France says it can prove the Syrian government used chemical weapons against civilians last weekend.

Israel security forces arrest Hamas cell in Samaria
Israel accuses Hamas of using civilian shields, including women and children, as cover for carrying out attacks along the border. Al-Batsh was shot in the "body and head", the police said, adding that they are investigating all angles including "terrorism".

Germany, the EU's largest steel exporter to the USA, accounted for about 5 percent of US steel imports past year.

A spokesperson for the British government added that leaders in the European Union are discussing "the vital importance of our steel and aluminium industries and their concern about the impact of USA tariffs" and they have "pledged to continue to work closely with the rest of the European Union and the U.S. administration with the aim of a permanent exemption from United States tariffs".

The decision came days after French President Emmanuel Macron and German Chancellor Angela Merkel personally lobbied Trump in Washington last week not to bring the steel and aluminum tariffs down on the European Union.

International Trade Minister François-Philippe Champagne said Ottawa has been pushing for a full exemption, adding that Foreign Affairs Minister Chrystia Freeland has been engaging with her counterparts on the issue. The White House also wants China to agree to reduce its $375 billion goods trade surplus with the U.S.

This afternoon, US Treasury secretary Steven Mnuchin said the president had not yet decided whether any countries should gain extended exemptions on the metal tariffs. Trump has asked China to cut the gap by $100 billion and open up the Asian nation's markets to American products such as cars.

Mnuchin said in an interview that aired on Monday that American officials planned to raise intellectual property rights, joint technology and joint ventures with Chinese officials.

Leave Your Comment

Leave Your Comment


Latest News

  • Can the New Orleans Pelicans Upset the Golden State Warriors?

    Can the New Orleans Pelicans Upset the Golden State Warriors?

    We can watch Game 4, through the comfortable lens of a 3-0 Pelicans lead, as a possible deciding night for series MVP. Portland had one last run in them, cutting the 100-87 third quarter deficit to two within three minutes.
    Royal Family Welcomes new Baby Boy

    Royal Family Welcomes new Baby Boy

    No name for the child yet, that will come in the next couple of days, as is royal tradition. The fifth in line to the throne was born at 11:01 on 23 April, weighing 8lbs and 7oz.
    Auction house is allowed to sell Tupac's breakup letter to Madonna

    Auction house is allowed to sell Tupac's breakup letter to Madonna

    Other items included in this collection were silk underwear belonging to the star and a hairbrush with strands of her hair. Auction house Gotta Have Rock and Roll has said it would continue with the sale of the items in July.
  • House of Windsor welcomes a new prince

    House of Windsor welcomes a new prince

    The Loose Women have defended the Duchess of Cambridge for having an "immaculate" appearance after the birth of her third child . Kate Middleton has given birth thrice, and every time she is seen wearing a Jenny Packham dress during her royal baby debuts.
    Drone shot down near Saudi King's palace

    Drone shot down near Saudi King's palace

    Amateur footage circulating earlier on social media showed loud gunfire that lasted for at least 30 seconds. Videos were posted online showing gunfire in the palace's neighbourhood.
    Guardiola warns Man City fans: We could do a Chelsea

    Guardiola warns Man City fans: We could do a Chelsea

    What do we have to change. "But before you leave I would like to give ourselves the best and huge applause we can deserve". No membership has completed it 4 occasions, Germany it is six occasions, however right here it is so sophisticated.
  • Bucks' Maker steps into National Basketball Association  playoff spotlight

    Bucks' Maker steps into National Basketball Association playoff spotlight

    For Boston , Stevens gave Greg Monroe just five minutes in Game 4 after he was effective in Game 3 , posting a double-double. The Bucks went with the same starting five as Game 3 , with Zeller replacing Henson and Brogdon starting for Tony Snell.
    Britain 'will not stay in customs union' - United Kingdom  government

    Britain 'will not stay in customs union' - United Kingdom government

    It would also avoid a hard border between Ireland and Northern Ireland. Only a customs union can be the foundation of a solution.
    New York Mets Send Matt Harvey to Bullpen

    New York Mets Send Matt Harvey to Bullpen

    But the bullpen gave up two runs in the bottom of the eighth inning, and Jeurys Familia could not save a 3-2 lead in the ninth. Harvey was diagnosed with a partially torn ulnar collateal ligament in his right elbow, shutting him down for the season.
  • Syria Monitor: Missile Attack Kills 26, Mostly Iranians

    Syria Monitor: Missile Attack Kills 26, Mostly Iranians

    The Syrian army last week launched a wide-scale offensive on areas held by Syrian rebels and Islamic militants south of Damascus. The working assumption is that Israel hit storage areas where Iran kept heavy long-range rockets for future use against Israel.
    Xi, Modi agree to reduce border tensions

    Xi, Modi agree to reduce border tensions

    The leaders agreed on the effectiveness of such informal meetings with plans to hold more of such a nature in the future. Xi emphasised that the problems between China and India were "temporary" but the cooperation would be "everlasting".
    Donald Trump Levels Fury at Sen. Jon Tester for Smearing Ronny Jackson

    Donald Trump Levels Fury at Sen. Jon Tester for Smearing Ronny Jackson

    It's the latest in a series of appointments and nominations that has opponents questioning US President Donald Trump 's judgement. The White House did not immediately respond to CNBC's request for comment.
  • Five habits to live longer

    Five habits to live longer

    Only eight percent of Americans are now following the healthy habits underlined in the study, research co-author Dr. The new study aimed to quantify how much healthy lifestyle factors might be able to boost longevity in the U.S.
    Former FBI director James Comey comes to Williamsburg for CNN town hall

    Former FBI director James Comey comes to Williamsburg for CNN town hall

    Higher-than-expected demand led Macmillan imprint Henry Holt & Co to order up 2.1 million copies in its first week. The book also compares Trump's leadership to those of mob bosses Comey encountered as U.S.
    HUD To Increase Rent On Millions Receiving Federal Housing Assistance

    HUD To Increase Rent On Millions Receiving Federal Housing Assistance

    Carson's act doesn't propose a timeline, but Congress must approve the changes before they can go into effect. Therefore, according to his logic, making them pay more in rent will encourage them to make more money.
  • Jerusalem's new embassy row to be named 'Trump Town'?

    Jerusalem's new embassy row to be named 'Trump Town'?

    Embassy in Jerusalem will open May 14, 2018, the 70th anniversary of Israel's declaration of independence in 1948. Trump said he had finally authorized $300,000 to $400,000 to be spent on the construction of the new embassy .
    Woman says neighbour among Toronto van attack victims — NewsAlert

    Woman says neighbour among Toronto van attack victims — NewsAlert

    Investigators found a Facebook account they believe belongs to Minassian, CNN law enforcement analyst Josh Campbell said. Between herself, her brother, her parents and her grandmother, her family have more than 80 years of service in.
    Do The EPA's New 'Secret Science' Rules Actually Promote Transparency?

    Do The EPA's New 'Secret Science' Rules Actually Promote Transparency?

    She suggested that industry studies also would be affected by the changes. "This decision seems hasty", she wrote in an email. He claimed that he was removing advisers because they had a "conflict of interest" because they received EPA grants.

Breaking News



Recommended

Royal Baby's Name Announced

The name Louis also holds a special meaning for Prince Phillip whose grandfather was named Prince Louis Alexander of Battenburg. Weighing in at just 8lbs 3oz, the baby Princess was welcomed to the world by Prince William , who was present at the birth.

No Evidence of Collusion Between Russia and Trump Campaign

Meanwhile, the Senate Intelligence Committee's investigation is moving ahead, along with special counsel Robert Mueller's probe. The committee also did not agree with assessments that Russian President Vladimir Putin preferred Trump to Hillary Clinton.

Draft Lottery-The Latest,497

The 2018 NHL Draft Lottery is in the books with the Buffalo Sabres winning the first-overall selection and taking Rasmus Dahlin . It continued to count down, and when the Montreal Canadiens were meant to be up, the most attractive thing happened, they didn't.

Conte keen for Cahill to play ahead of World Cup

The experience in Italy was very important for him'. "At the same time, we have to try and finish the league in the best possible way".

Tyson Fury reveals content of his secret 'exchange' with Anthony Joshua

WBC champion Deontay Wilder has put down a fight offer to Anthony Joshua - claiming the Brit has 24 hours to accept. Wilder said "all the money is in the bag so I expect you will be a man of your word".

Senate panel narrowly endorses Pompeo for secretary of state after Trump intervenes

Joe Donnelly of IN who said they will support his nomination, according to the AP. "The Senate should reject Pompeo's nomination". As CIA director, he has been a professional, demonstrating his competence and qualification to be secretary of state....

Paul Forman Buys 20000 Shares of Essentra (ESNT) Stock

Peel Hunt reiterated their buy rating on shares of The Rank Group (LON:RNK) in a research note issued to investors on Monday. The target indicates a potential upside of 9.95 % from the last stock price of Hastings Group Holdings Plc (LON:HSTG).

Monkey Business: Court Rules Monkey Does Not Have Copyrights Over Selfies

Both judges were critical of PETA and its decision to settle the case after oral arguments suggested it would lose the appeal. The Ninth Circuit refused to let the parties dismiss the case, and on Monday was critical of the settlement.

PSL condemns Moses Mabhida violence, sports minister demands answers

Two cars in the parking lot behind the stadium were also reportedly damaged while speakers around the field were kicked to pieces. Moses Mabhida Stadium was opened in 2009 and was a central venue during the 2010 World Cup.

U.S. regulator orders mass inspections of jet engines

About 20 minutes into the flight, at about 32,500 feet, a fan blade broke off the engine and shrapnel shattered a window. I feel really very fortunate for that", he told CNN affiliate WPVI. "No, it's not on fire, but part of it is missing".