EU, Japan start push for exemptions from Trump tariffs

Adjust Comment Print

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

Australia's trade minister said he had preliminary discussions with the US trade representative, Robert Lighthizer.

The tariffs are set to take effect in about two weeks, setting off a scramble among USA allies to swiftly secure exemptions from the duties. Japan has warned of the dangers of tit-for-tat measures. "Do you know quite how much USA steel Canada buys?" said another person familiar with Canada's lobbying effort.

A trade war between Europe and the United States can still be averted, German Economy Minister Brigitte Zypries said on Saturday, adding she hoped that talks in Brussels this weekend could help to prevent an escalation.

Henson continued by saying that the hour-long meeting ended with no real outcome. her group believes that video games are one of three core causes of violence in America, and there was a clear sense that this was not the only time Trump meant to meet to discuss the topic. Trump tweeted that he spoke with Japanese Prime Minister Shinzo Abe, saying they are "discussing opening up Japan to much better trade with the U.S. now have a massive $100 Billion Trade Deficit. It will all work out!" She will meet U.S. Trade Representative Robert Lighthizer and Japanese Trade Minister Hiroshige Seko in Brussels on Saturday when she will ask whether the European Union is to be included in the tariffs.

Mr. Navarro made his move, and encourage President Trump to embrace a plan that many economists, lawmakers and White House aides warn could lead to a trade war and imperil USA economic gains. Deb Fischer has held several meetings with Trump and other White House administration officials on trade, including a breakfast meeting last week with chief of staff John Kelly and several other senators. Joni Ernst and Rep. David Young, both Republicans, signed on to a letter last week urging Trump to reconsider the new tariffs on steel and aluminum. If they drop their horrific barriers & tariffs on USA products going in, we will likewise drop ours. "You get into a whole very complicated, very big deal but the fact is that you are having movies come out that are so violent with the killing and everything else that maybe that's another thing we're going to have to discuss".

But the president couldn't resist taking a jab at Cohn's strong opposition to Trump's plan to slap tariffs on steel and aluminum imports.

Key U.S. trading partners and businesses have warned the tariffs could backfire, provoking a trade war a trade war and hurting allies like the European Union and Japan more than China, their main target.

"Tariffs will negatively impact Washington state companies and consumers alike by driving up prices of goods and inviting retaliation against Washington state exports and investment", says Lori Otto Punke, President of WCIT.

Prior to Trump's announcement, Canadian Prime Minister Justin Trudeau expressed confidence of a tariff exemption for Canada, due, he said, to persistent pressure from the Canadian government on the Trump administration, including a personal phone call to the president that week. For decades, both men have accused China of unfair trade practices that have displaced American workers and hobbled the U.S. manufacturing base.

Earlier on Friday the EU's trade chief said the bloc expects to be excluded from USA steel and aluminium tariffs but will go to the World Trade Organization to impose its own measures if Washington presses ahead.

Hardt called the U.S. decision a "blow to transatlantic economic ties" and criticised U.S. President Donald Trump for seeking answers to U.S. economic problems overseas. The U.S. bought 5 percent of Japan's steel a year ago but just 1.1 percent of China's steel.

Brazil, the second-largest exporter of steel to the USA after Canada, is also the largest importer of US metallurgical-grade coal to fuel the steel-making furnaces.

Comments