Home » World

White House confirms President Donald Trump coming to California

09 March, 2018, 03:16 | Author: Priscilla Morrison
  • President Donald Trump blamed violent movies and video games for the recent school shooting at Marjory Stoneman Douglas High School

Foreign Minister Julie Bishop says the Federal Government will renew its call to be exempt from the Trump administration's steel and aluminium tariffs, given Mexico and Canada may be spared.

Reuters quoted a senior usa official saying the measures would take place about two weeks after Trump signs the proclamation. "It's going to give us an opportunity and one of the best guys in the administration, Ambassador Robert Lighthizer [the U.S. trade representative], to negotiate a great deal for this country, and if we get that, then all's good with Canada and Mexico".

The announcement came as congressional Republicans and business groups braced for the impact of expected tariffs of 25 percent on imported steel and 10 percent on aluminum, appearing resigned to additional protectionist trade actions as Trump signaled upcoming economic battles with China. They also recommended doing a short-term review of the effects of the tariffs on the economy to decide whether or not the approach is working.

President Trump is preparing to sign off on new tariffs for steel and aluminum exports as early as Thursday, even amid more Republican objections and uncertainty about whether some countries may be exempted, according to two administration officials.

Whether Canada and Mexico's brief reprieve from tariffs will jump-start NAFTA talks or be perceived as coercion to win concessions remains an open question.

The president's pledge for action, which would be in line with a one of his campaign promises, came after House Speaker Paul Ryan of Wisconsin called for a "more surgical approach" that would help avert a potentially unsafe trade war.

"Gary brought a strong growth orientation for the economy and a very balanced perspective, particularly on critical topics like trade, " said Rich Lesser, chief executive of the Boston Consulting Group, who served on one of Trump's business advisory panels past year and attended policy meetings with Cohn.

Trump's tariff plan has raised widespread concern about sparking trade wars with the US' trading partners, including from Cohn and the president's allies on Capitol Hill.

That has prompted widespread criticism from his Republican colleagues in Congress and America's allies.




Ross said the planned steel and aluminum tariffs were "thought through".

However, according to The Wall Street Journal, at the White House yesterday, aides began preparations for the ceremony ushering in a turn in trade policy that could recalibrate relations between the U.S. and its allies and trading partners.

The tariffs proposal has also won support from economic nationalists in the United States and some Democratic lawmakers in manufacturing states whose fortunes could be boosted by the tariffs protecting their metal industries.

The increased likelihood of tit-for-tat trade measures and a warning by the International Monetary Fund that it could hurt global growth hit shares, oil and the dollar.

When the Mayor of New Orleans teasingly labeled President Trump "King Chaos" at the Gridiron Dinner last weekend the President laughed along.

If the tariffs were imposed upon major global trading partners like the European Union, it's possible a tit-for-tat tax war could erupt in which major economies punish the United States for restricting trade.

In response to the White House's steel measure, the European Union is targeting 2.8 billion euros ($3.5 billion) of imports of USA goods including Harley-Davidson Inc. motorcycles, Levi Strauss & Co. jeans and bourbon whiskey.

Prime Minister Justin Trudeau said he wants to withhold judgment until the final details are out. "All we get for that is a half a trillion dollar a year trade deficit that offshores our wealth, offshores our jobs".

Recommended:



Popular

Did Rams make the right call trading Alec Ogletree to Giants?
A first-round pick out of Georgia in the 2013 draft, Ogletree had his best season in 2016, when he was named second-team All-Pro. The Rams made the playoffs a year ago for the first time since 2004, finishing the regular season at 11-5.

Tulsa Walmart among stores serving up new dinner kit options
Walmart's grocery business faced stepped-up competition when Amazon acquired Whole Foods a year ago for almost $14 billion. Although several other retailers have tried the meal kit option, a lot of them haven't succeeded in this business venture.

Netflix's Lost in Space: Watch the trailer
In the 60s series , the classic "Danger Will Robinson" catchphrase was delivered by the Robinsons' helpful robot companion. The first full trailer's arrived for Netflix's sci-fi series , Lost in Space .

SpaceX launches Spanish satellite for 50th successful Falcon 9 mission
The aerospace company hopes to launch a fleet of more than 1,000 satellites as part its planned space-based internet system. It was placed in a geo-stationary orbit minutes later where it will now be testing its functionalities for several weeks.

'Bachelor' Alums Slam Arie Luyendyk Jr for On-Camera Breakup, Becca Forgives Him
Don't waste it on him". "I really just want to get to the point where the show's done and we can finally start our life together". So much so, Bachelor alumni and fans took to Twitter to defend a rejected Becca Kufrin and slam an insensitive Arie Luyendyk Jr .

Jennifer Garner adds hilarious voiceovers to Oscar memes
The second: "Hey, _Jimmy Kimmel, what's in your wallet?" She was promptly meme'd . Practicality meets elegance in this unforgettable Oscar moment.

Tristan Thompson To Miss Multiple Games With Sprained Ankle
Nance: Dunk MachineIn his first start for the Cavs, Larry Nance Jr . was all over the place, throwing down five first-half dunks. James led the way, but it was Nance who helped negate Drummond and Detroit's size advantage with several big plays.

BMW Concept M8 Gran Coupe debuts in Geneva
The wheelarches create a wide look while distinctive triple front air intakes and a side gill hark back to modern M power models. The Concept M8 Gran Coupe builds atop last year's Concept 8 Series , which gives a good idea of the upcoming two-door coupe.

Vatican treasurer Pell in court to face sex abuse charges
Pell has taken leave from his position at the Vatican as prefect of the secretariat for the economy to fight the charges. The first two weeks of this month's committal are expected to hear exclusively from the accusers in a closed court.

Apple's High-End Over-Ear Headphones Have Faced Development Challenges
On the contrary, the headphones are expected to follow the footsteps of AirPod and will feature a similar set of features as well. As a result, Apple is going to have to be smart about the pricing strategy, which it will, given its success with the AirPods .