Trump to meet on tariffs as China issues warning

Trump to meet on tariffs as China issues warning

U.S. President Donald Trump on Thursday formally signed proclamations to impose steep tariffs on imported steel and aluminum amid mounting dissent from business groups and trading partners around the world.

Republicans and USA trading partners have also been urging Mr Trump to reconsider his plan to impose a blanket 25 per cent tariff on steel imports, and a 10 per cent on aluminium.

President Trump signed a controversial order implementing heavy tariffs on imported steel and aluminum Thursday, calling the action "a matter of necessity for our security" and saying it would help to revitalize fading American industry.

US Trade Representative (USTR) Robert E Lighthizer has been put in charge of negotiating with countries that seek an alternative to the steel and aluminium tariffs, he said. "It's been an assault", Mr. Trump said of what he deems steel dumping on American soil, surrounded by aluminum and steelworkers in the White House's Roosevelt Room. The White House official touts the 500 jobs that will be restored to steel workers in IL, after U.S. Steel announced that it would be restarting their factory because of the decision to impose tariffs. The former real estate developer said politicians had for years lamented the decline in the industries, but nobody was willing to take action.

"These tariffs will stimulate two things that Trump says he loathes: regulations and lobbying", said Bloomberg Intelligence trade-policy analyst Caitlin Webber.

The prospect of across-the-board tariffs that would affect both America's allies and nations with massive US trade surpluses made some in the White House uneasy, especially chief economic adviser Gary Cohn, who announced his resignation this week.

McConnell and Ryan noted that Trump had given a loophole to some allies, but indicated they are concerned they don't go far enough. Trump was still hearing last-minute pleas from opponents of the tariff plan, and White House officials said they couldn't predict how the day would shake out.

However, many Republicans have expressed discontent with Trump's plans for a global trade war.

Scott signs school safety bill
The state teachers union urged Scott in a letter Thursday to use his line-item power to veto funding for the Guardian program. Scott previously said he believed it was the job of the police to protect students at teachers from shooters.

Referring to a tweet by Tesla head Elan Musk, Trump said China charges 25 per cent duty on American cars whereas it is just 2.5 per cent on import of Chinese cars into the US.

"We urge the administration to take this risk seriously", Donohue said.

Mr Trump on Thursday called out Germany and other North Atlantic Treaty Organisation nations for not spending enough on their military.

"A large number of US manufacturers use imported steel and aluminum to produce items such as appliances, autos and beverage cans", he told Xinhua.

Canada, which sells about 90 per cent of the steel produced in this country to the United States, is exempt for now. "Steel is steel. You don't have steel, you don't have a country".

He has left open an avenue for potentially modifying or removing a tariff under certain conditions for individual countries, it said. It's a move that could impact businesses in Berks County.

Trump also pledged to impose "reciprocal tax" on countries like China and India if they do not match America's tariff.

Related Articles