Trump suggests Canada, Mexico could win metals tariff exemption

Equity Gains to Reach Asia as Trade Worries Ease: Markets Wrap

Canada, Mexico, China, Japan and Brazil also say they are considering retaliatory steps.

U.S. President Donald Trump is sticking to his push to impose across-the-board tariffs on steel and aluminum imports even as opposition comes from all corners of the globe, as well as a raft of corporate heavyweights such as Ford Motor Co.

Guajardo, Canadian Foreign Minister Chrystia Freeland and U.S. Trade Representative Robert Lighthizer - the three ministers driving the talks - are due to meet on Monday to assess what the Mexico round achieved.

The trade barriers would see the European Union's alliance with America "deteriorate significantly", the center's director, Ferdinand Dudenhöffer told DW.

The tweet was more positive than his Friday tweet in which he wrote that "trade wars are good", sending stocks plunging as much as 300 points.

"Gary Cohn, as far as I know, is certainly not going to walk out", Ross said on ABC.

- The department calls on Trump to claim the tariffs are in the interest of national security, saying he could implement them using a little-known provision from a 1962 trade law.

As for speculation that White House economic adviser Gary Cohn might quit over the new policy, with which he apparently disagrees, Ross said Trump likes to hear opposing views before he makes decisions. What he should have done was pursue "multilateral action", May reportedly told the president.

"There's disbelief that this actually goes through in its current form, given backlash from members of Congress, economists, and the decline in the stock market yesterday", Lee McMillan, a steel analyst at Clarksons Platou Securities Inc., said by telephone.

A Chinese foreign ministry spokesman said: "If all countries followed the example of the United States, [it] will undoubtedly result in a serious impact on the worldwide trade order".

The report was titled "Kotak Metals and Mining (Attractive): US import tariffs - expect limited impact".

In another comment on the NAFTA talks on Monday, Trump reprised two running criticisms of Canada and Mexico.

Mr Ciobo followed up with his American counterpart on Saturday, but said afterwards it appeared details of the new imposts were still being worked out and ultimately any exemptions would be a decision for Mr Trump. European Commission President Jean-Claude Juncker said the EU may target imports of the company's motorcycles as well as Kentucky bourbon and Levi Strauss jeans.

"As soon as you exempt one country, then you have to exempt another country", Navarro says.

Oil prices rose as Wall Street stocks bounced off session lows, but crude benchmarks posted a decline for the week, the first weekly decline in three weeks, on fears that United States tariffs on steel and aluminum could squeeze economic growth, and as USA crude inventories climbed. We fight with you in every war.

Industry group The Beer Institute, which represents 5,000 American brewers, said the tariff would "create a new $347.7 million tax on America's beverage industry". He criticized past trade policy, threatened to levy a tax on countries that retaliated against the tariffs and called for rebuilding the steel industry.

US President Donald Trump's vow to step up protectionist policies to boost the US auto industry could lead to a 10-percent drop in profits for German automakers, Germany's Center for Automotive Research (CAR) has warned.

Opposition Leader Bill Shorten said he hoped Mr Turnbull would get on the phone and "at least try" to secure an exemption for Australia.