EU Dismisses Trump's Car Threats, Vows to 'Stand Up to Bullies'

How Donald Trump’s tariffs morphed from ‘no exemptions’ to carve-outs

The announcement of duties of 25% on imported steel and 10% on aluminium has stung the European Union, coming as a surprise to USA allies and to many in Washington.

Freeland is coming off a tense week which started with the seventh round of NAFTA negotiations making little progress towards an agreement but ended with a sigh of relief when Canada and Mexico secured an exemption from new USA tariffs on steel and aluminum imports.

Trump's tariffs are being implemented under Section 232 of the Trade Expansion Act of 1962, which gives the White House more or less carte blanche to impose tariffs on national security grounds.

"An in-kind tariff by the United States' top ten trading partners would expose close to 42 per cent of total USA exports, leading to a widening in the trade deficit", they said.

While these threats from the European Union are a drop in the approximate $500 billion bucket the US exports to the European Union, they have the potential to spiral out of control if Trump retaliates with further protectionist measures. One convincing argument is that the tariffs - whereas they would provide a shield to the USA steel industry - will increase steel prices, which will backfire on consumers and industries using steel, including the vehicle industry.

As such Mr. Trump asserted that he is going ahead with his plans to sign the executive order to impose import tariffs on steel and aluminum. House Speaker Paul Ryan, R-Wis., said he disagrees with the move, and other congressional Republicans are hoping to block the duties with legislative action.

Fox said that the United Kingdom has a "long and special relationship with the U.S., however this does not mean that if we disagree with something we will not say so and we do disagree with the USA decision to implement tariffs on steel and aluminium".

The decision to slap hefty tariffs on imports of steel and aluminum, which the White House made formal on Thursday, has roiled global markets, angered longtime trading partners and prompted threats from the president's own party to stop the tariffs through legislation. If the U.S. is isolated, it could actually be good for Australia.

It's nice to see the discussion going on, but the entire debate is another example of Congress delegating power and not doing its job.

Spotify taps users to add music metadata with new feature
Music streaming company Spotify Technology S.A. has launched its service in Israel on Monday at a press conference in Tel Aviv. In the process of recommending, selecting and playing music, it accesses 5 petabytes of this data every single day.

Here in farm country, these tariffs will sting.

"If Trump wants his allies to demonstrate that they are united in tackling problems with China, this is precisely that", the source added.

The EU topped the list, followed by Brazil, South Korea, China and then Japan.

"A lot of steel mills are now opening up because of what I did", he said.

"That being said, any benefits attributable to tariffs are likely to be outweighed by costs".

Despite speculation that this could refer to activities such as so-called freedom-of-navigation operations - or "FONOPs" - in the South China Sea, such operations would not require any kind of agreement with the US.

Asked to respond to Trump's accusations that the EU is imposing barriers to USA automakers, Malmstrom said that "it's hard to argue on Twitter over these issues, but the European Union is a very open market".

The suggestion that Britain might go its own way provoked a rebuke from Mr Jyrki Katainen, EU vice-president for jobs and competitiveness. "Close co-operation between the United Kingdom and USA is vital to global peace and security", Fox said.

Jakob Hanke and Hans von der Burchard contributed to this article.

Related news:

Hot News

isis-killer-beheading-video-story-top Williams sisters win to set up clash at Indian Wells
Mar 13, 2018 - 03:47
Collins, ranked 116th and making her first appearance in the main draw, is just starting her second year on the WTA Tour. She won four of the final five games of the second set, breaking Cirstea three times to close it out.

isis-killer-beheading-video-story-top People's Assemblies suspended as Raila, Uhuru pursue pact
Mar 13, 2018 - 03:45
The Jubilee leaders were also quick to allay fears that the new alliance between Kenyatta and Odinga presented a new political matrix in the 2022 elections.

isis-killer-beheading-video-story-top Chandni brought back romance in people's lives: Neetu Kapoor remembers Sridevi
Mar 13, 2018 - 03:34
We snapped Janhvi and Khushi as they returned from Chennai post the prayer meet held in Sridevi's honour in Chennai. One can't even imagine what the two young girls are going through as they lost their mother in a shocking incident.

isis-killer-beheading-video-story-top Musical director James Levine fired by Met Opera for 'sexually abusive' conduct
Mar 13, 2018 - 03:00
The leading United States opera house had already suspended Levine in December after allegations first became public against him. Levine was music director at the Ravinia Festival in Highland Park, from 1973 to 1993.

isis-killer-beheading-video-story-top Lakers show LeBron what they've got in 127-113 win
Mar 13, 2018 - 02:38
James produced 24 points , 10 rebounds and seven assists, but the Cavaliers lost for the fourth time in six games. He finished with 16 points and eight rebounds, while Clarkson added four points in 16 minutes off the bench.

isis-killer-beheading-video-story-top Obasanjo visits Cemetery of 73 people killed by Herdsmen in Benue
Mar 13, 2018 - 02:35
He had earlier visited Taraba and Plateau states and expected to travel to Yobe, Zamfara and Rivers states, in the coming days. He denied insinuations that he overlooked the killings that happened in Benue, saying he is genuinely anxious over them.

isis-killer-beheading-video-story-top Brown tells Trump California is focused 'on bridges, not walls'
Mar 13, 2018 - 02:34
Brown extended the invitation Monday in a letter saying the president should see the state's high-speed rail construction project. His first presidential visit to the nation's largest state comes almost 14-months after he took office.

isis-killer-beheading-video-story-top Jaitley files nomination; contest imminent with 14 nominees for 10 seats
Mar 13, 2018 - 02:24
The highest number of seven candidates - Ashok Bhajpai, Vijay Pal Singh Tomar, Sakal Deep Rajbhar, Kanta Kardam, Anil Jain, G.V.L. Bachchan to Rajya Sabha for 4th consecutive term, BSP supremo Mayawati may find it tough for her party candidate to sail through.

isis-killer-beheading-video-story-top Trump blocks Broadcom's $117B bid for Qualcomm
Mar 13, 2018 - 02:16
It fall, as 83 investors sold QCOM shares while 490 reduced holdings. 40 funds opened positions while 146 raised stakes. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned "Hold" rating by Stifel Nicolaus on Monday, February 5.

isis-killer-beheading-video-story-top Mourinho hits back at De Boer over Rashford comments
Mar 13, 2018 - 01:57
In six tussles against top-four opposition in La Liga, they've been beaten every time, scoring just three goals and conceding 20. The first leg in Seville finished 0-0, thanks largely to a superb first-half save from United's David de Gea.

isis-killer-beheading-video-story-top Apple Music hits 38M paid subscribers; Apple orders first animated series
Mar 13, 2018 - 01:45
Already greenlit for two seasons, the series will follow a family of caretakers that work and live in the famous NY landmark. Central Park is a new musical animated comedy from Bouchard and is co-written by Josh Gad and Nora Smith alongside Bouchard.

isis-killer-beheading-video-story-top Six Nations review: Player of the week, flop & more
Mar 13, 2018 - 01:44
It's the flip of what happened a year ago (v Eng at Aviva) and we know what England's motivation is going to be. Ireland are so meticulous with the old one-game-at-a-time axiom, their focus is entirely on Twickenham.

isis-killer-beheading-video-story-top Why Tesla Suspended Model 3 Production Last Month
Mar 13, 2018 - 01:15
Advsr Asset Incorporated has 896 shares for 0.01% of their portfolio. 365 are owned by Winch Advisory Ser Ltd Liability Company. McLaughlin Edward Grunde had sold 17,167 shares worth $2.61 million. 40 funds opened positions while 125 raised stakes.

isis-killer-beheading-video-story-top Hearthstone Witchwood cards REVEAL: Heroes of Warcraft expansion first look
Mar 13, 2018 - 01:13
Monster Hunts will send players deep into The Witchwood to stamp out the evils that lurk within. For those that have been waiting for a new mode, you'll be getting it with Witchwood as well.

isis-killer-beheading-video-story-top Are only two teams seriously chasing Kirk Cousins?
Mar 13, 2018 - 01:08
But Cousins' situation differs from most because quarterbacks in their prime rarely hit the market. The Jets and Vikings tags have since been removed, but not before screenshots were taken...