Mar 03 2018
Canada's steel sector could be wounded by US tariffs even if the country is exempt from the 25 percent duty promised by President Donald Trump, as cheap steel previously sold south of the border floods into Canada, industry leaders said on Friday.
Hejazi says Canada is too financially dependent on the US and adds he would like to see Canada trade more with other countries. Other countries, including China, could retaliate, too. "The administration's desire to challenge other countries' trade violations is an important goal for free and fair trade, but a broadly applied tariff could spark a potential trade war that zaps consumer spending and American exports". "When we are down $100 billion with a certain country and they get cute, don't trade anymore - we win big". Finally, maybe, the American steel industry will come back.
The tariff won't just impact jobs, but the economy as a whole.
If the tariffs bring more expensive steel and aluminum, companies that rely on those materials may pass some of those costs to consumers.
He views the tariffs as a way to pressure trading partners into submission and wipe away the long-standing trade deficit.
European Commission chief Jean-Claude Juncker said Friday the EU was drawing up retaliatory measures against leading U.S. brands such as Levi's and Harley Davidson.
On the other hand, McMillan said, if companies decide to eat most of those higher costs, their profit will take a hit, hurting their stock values.
China's Commerce Ministry said it was seriously concerned about Trump's plan. The U.S. then lifted those tariffs, under threat of sanctions on oranges from Florida and textiles from North Carolina.
At the time, the list included not just steel products but also orange juice, apples, sunglasses, photocopiers and other goods.
"This is going to scare markets, but it's not going to scare the Chinese government", Posen said.
Trump told industry executives Thursday he plans to impose a tariff of 25 per cent on imported steel and 10 per cent on aluminum, sparking fears of escalating retaliation between countries.
Mr Trump has lamented the decline of the U.S. steel industry, which since 2000 has seen production drop from 112m tons to 86.5m tons in 2016.
"We believe vital trading partners, including Canada, should be exempt from any tariff on aluminum", Alcoa said in an emailed statement. "What saves one job can jeopardize another".
But Tharren Keith, owner of Des Moines Steel Company, said he doesn't think it's possible.
"We held frank conversations", a White House spokeswoman said. It has been advocating for protection against what it says are unfair trade practices by China. Sasse noted that he would expect Democratic Party lawmakers to set trade tariffs, not Republicans. Susan Shand adapted the story for Learning English.
Section 232: Now we're getting wonky.
Mar 03 2018
MI overcomes shooting woes to beat Iowa
Te'Jon Lucas hit 5 of 9 but his miss with 43 seconds to play all but sealed the loss as IL (14-18) trailed 90-84 at the time . MI first-year coach Mel Pearson feels the turnaround started when he named sophomore Hayden Lavigne as the No. 1 goaltender.
Mar 02 2018
Jaguar's first all-electric vehicle launched
That's nearly exactly the same overall length of the Jaguar XE sedan but with a wheelbase that's half a foot longer. The top unit is used for navigation and audio functions, while the lower handles climate and convenience features.
Mar 02 2018
South Korean Olympic Short Track Leaders Relieved After The Competition Ends
Great Britain's best Winter Olympics previously was the four medals won at Chamonix in 1924 and at Sochi in 2014. Kovalchuk said the Russian players had planned to sing the anthem on the medal stand if they won the gold medal.
Mar 02 2018
Google releases a lightweight version of Android for entry level phones
The bezels are also further reduced so that the screen is wrapped from edge to edge, giving an all-screen design at the front. Nevertheless, the Nokia 8 Sirocco , as HMD Global presented it, still has its roots from the original Nokia 8 smartphone.
Mar 02 2018
What Supreme Court Justices said in debate over union fee case
Public sector unions also have helped keep Democrats in power in blue states and kept organized labor from extinction. When union membership is voluntary, he said, some members stop paying, and dues go up for the rest.
Feb 26 2018
THE WALKING DEAD's "Honor" Gives Us More Old Man Rick Theories
Maybe Kang can revive the fortunes of The Walking Dead and inject a sense of freshness that has been missing for so long. The only niggle for me was the "revelation" that the "Old Rick" flash-forwards were some kind of made-up Carlotopia.
Feb 24 2018
Florida shooting survivors meet lawmakers
Avery Anger, 14, hid in a closet during the shooting. "It says 'it could have been your child, ' because that's true", she said. How many schools, how many children have to get shot? It stops here with this administration and me. "Please, Mr.
Feb 24 2018
Canadian Jocelyne Larocque explains why she took off silver medal
But rather than quit, Shuster lost 35 pounds and formed his own team a team that became known in curling circles as The Rejects. The Czechs now have barely 26 hours to refocus on trying to take home their first bronze medal since 2006 at Turin.
Feb 24 2018
Woodbury Police: Juveniles Involved in Social Media Threats Located
Threats of violence on campus are getting even more attention than usual in the wake of the recent school shooting in Florida. Bremerton High School was closed Friday as a "precaution" as investigators looked into an online threat.
Feb 23 2018
Lindsey Vonn Wins Bronze In Downhill At Pyeongyang Winter Olympics
With emotions running high on Wednesday, she savoured her bronze medal performance as if it were the last of her career. Then again, shocking finishes seem to be the norm on this hill. "I made a mistake at the bottom, but that's Super-G".
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