TRUMP’S
STEEL, ALUMİNUM
Trump’s Steel, Aluminum Tariffs Exempt Canada, Mexico
President Donald Trump pressed ahead with the
imposition of 25 percent tariffs on steel imports and 10 percent for aluminum
on Thursday but exempted Canada and Mexico, backtracking from earlier pledges
of tariffs on all countries.
https://mail.google.com/mail/u/3/?tab=wm#inbox/162085ec1e6d6619
Describing the dumping of steel and aluminum in the
United States as “an assault on our country,” Trump told a news conference that
the best outcome would for companies to move here and insisted that domestic
production was needed for national security reasons.
“If you don’t want to pay tax, bring your plant to the
USA,” he said.
Details of the plan came from a briefing by
administration officials ahead of Trump’s speech. Other countries can apply for
exemptions, according to the administration, although details of when they
would be granted were thin.
Trump has
offered relief from steel and aluminum tariffs to countries that “treat us
fairly on trade,” a gesture aimed at putting pressure on Canada and Mexico to
give ground in separate talks on the North American Free Trade Agreement
(NAFTA), which appear to have stalled.
READ MORE
https://mail.google.com/mail/u/3/?tab=wm#inbox/162085ec1e6d6619
Trump's Steel, Aluminum Tariffs Exempt Canada, Mexico
U.S. President Donald Trump’s
tariffs on steel and aluminum imports will start in 15 days with initial
exemptions for Canada and Mexico and the possibility of alternatives for other
countries, a senior administration official said on Thursday.
FILE PHOTO:
Rolled steel are seen at a Hyundai Steel plant in Dangjin, about
130 km (81 miles) southwest of Seoul June 15, 2011. REUTERS/Lee Jae-Won/File
Photo
The
tariffs of 25 percent on steel and 10 percent on aluminum, proclaimed by Trump
on Thursday during an event at the White House, appear to soften what the U.S.
president billed last week as a global, “no-exceptions” move to protect the two
industries under a 1962 national security trade law.
Trump’s
sudden push for the tariffs last week triggered fears of a global trade war and
rattled financial markets. U.S. stocks pared gains on Thursday after the
administration official’s comments.
The
official told reporters the tariff proclamations will allow other countries to
discuss with the administration “alternative ways” to address the national
security threat caused by their steel and aluminum exports to the United
States, the official said.
Asked
whether these would include voluntary export restraints, the official did not
provide specifics, saying only that the order could be “flexibly modified.”
FILE PHOTO: Freshly laminated rails are seen during the cooling
process at the Tata Steel factory in Hayange, Eastern France, September 25,
2013. REUTERS/Vincent Kessler/File Photo
The
tariff plan has angered U.S. allies, including Canada, Mexico, Britain and
members of the European Union, who argue that their exports to the United
States do not pose a threat to U.S. national security. Some, including the EU,
have threatened retaliatory tariffs on U.S. products such as bourbon whiskey
and Harley-Davidson (HOG.N) motorcycles.
“All countries will be welcome to
discuss with the United States alternative ways to address the threatened
impairment of the national security caused by their imports,” the official
said.
The exemptions for Canada and
Mexico would start immediately with an unspecified duration. Their continuation
depends partly on progress in negotiations to modernize the North American Free
Trade Agreement, the official said. He added that NAFTA was an important part
of the U.S.-Canada-Mexico security relationship.
But the official said that with
any alternative remedies, it was important to maintain the target for
increasing steel and aluminum industry capacity utilization, which could result
in higher tariffs for other countries.
“If Canada and Mexico were to be
excluded, we would perhaps maybe have to raise the tariffs on everybody else -
and modestly I might add, modestly - to ensure that our steel and aluminum
industries are defended,” he said.
Washıngton -Reuters- David Lawder
@#MedyaGünebakış ©#MedyaGünebakış
Ökkeş
Bölükbaşı,
İstanbul – Mart.2018 - okkesb61@gmail.com,
http://www.medyagunebakis.com/ -
okkesb@turkfreezone.com,
|