Mnuchin: Trump may exempt more countries

U.S. President Donald Trump speaks during a Cabinet meeting in the White

"But we have to do it", EU Commission President Jean-Claude Juncker had said Friday. "Although there is a need to ensure American competitiveness against countries that have in the past taken advantage of our trade relationships, I will not support putting our businesses at a disadvantage and raising prices on our consumers". If we do there won't be any tariffs on Canada, and there won't be any tariffs on Mexico, " the president told reporters at the White House. He reiterated that he would levy tariffs of 25 percent on imported steel and 10 percent on aluminum. "This overhang of excess capacity means that USA steel producers, for the foreseeable future, will face increasing competition from imported steel as other countries export more steel to the United States to bolster their own economic objectives and offset loss of markets to Chinese steel exports". "It was very reassuring to have their support and a great sign of what we can achieve when we work together towards a common goal, regardless of our political stripes".

An announcement following an investigation by the U.S. Trade Representative's office into China's IP practices is expected in the coming weeks, potentially handing President Trump further cause to impose trade restrictions.

Experts alike are more concerned now about how other countries might respond to the tariffs.

"The President has an obligation to uphold fair trade policies, but threatening trade wars against our allies is risky, short-sighted, and will make it harder for US businesses to compete overseas", she said.

Trump accused Germany of behaving unfairly by contributing much less than the USA towards the funding of North Atlantic Treaty Organisation.

"You don't wanna pay tax?" Not fair, ? he said.

The White House is now avoiding that kind of talk: "We will have ongoing discussions with Canada and Mexico", said the official.

Mnuchin: Trump may exempt more countries

While Trump has tweeted that he will show flexibility to countries that treat the United States fairly on trade a military issues, it seems with this administration, anything can change.

The tariffs - 25% on steel and 10% on aluminum - represent a significant change in US trade policy.

In February, the largest finished steel import permit applications for offshore countries were for South Korea (252,000 NT, down 26 per cent from January preliminary), Germany (111,000 NT, up 23 per cent), Japan (110,000 NT, down 22 per cent), China (85,000 NT, up 18 per cent) and Taiwan (68,000 NT, down 42 per cent).

The other victor in this negotiation is Prime Minister Justin Trudeau. These tariffs may go into effect immediately upon or shortly after signing of the order, which could be as early as this week. "We're going to see what he actually announces... but we're continuing to push on getting the right deal for Canada, getting the right deal for Canadians".

The prospect of approaching tariffs has set off furious lobbying from governments around the world, who have tried to sway the administration with offers of friendship and threats of retaliation, The New York Times reported. In fact, we have been fighting to protect a particular type of steel used in our PolyVision products for more than two years - and won an exclusion from tariffs last year.

This is unedited, unformatted feed from the Press Trust of India wire.

Brandon Jennings, Bucks Reportedly Agree to 10-Day Contract
The Milwaukee Bucks (35-31) and the Memphis Grizzlies (18-48), who both like to play patient, will square off at FedExForum. For his career, Jennings has career averages of 14.3 points, 5.7 assists , 3.0 rebounds and 1.2 steals per game.

Related news:

Hot News

isis-killer-beheading-video-story-top Is American Idol making its grand return on TV?
Mar 13, 2018 - 11:05
ABC launched its reboot of the reality series, this time around with celebrity judges Luke Bryan , Katy Perry and Lionel Richie . The charismatic 17 year old skips school to audition in NY with a cutesy original folk-pop tune called "21st Century Machine".

isis-killer-beheading-video-story-top No new conditions on North Korea before talks
Mar 13, 2018 - 11:03
North Korea has a history of deceit and can not be trusted despite claims it wants to talk peace, says a national security analyst.

isis-killer-beheading-video-story-top Washington Huskies land NIT invite, will host Boise State
Mar 13, 2018 - 10:55
But their confidence grew as the season wore on, and a team without superstars, Williams said, built great chemistry. They were a part of a weak Big Ten and didn't have many impressive wins throughout the regular season.

isis-killer-beheading-video-story-top Man tries to stop hit-and-run driver in Miami with sledge hammer
Mar 13, 2018 - 10:49
Police confirmed Sunday afternoon that there was a hit-and run crash on Northeast 36th Street and Biscayne Boulevard in Miami . Right away, we see a couple of people get in front of the vehicle and tell Lagutenko to stop while trying to open his doors.

isis-killer-beheading-video-story-top Switch Parental Controls app has been updated; mentions Switch firmware v5.0
Mar 13, 2018 - 10:25
It is seen that the machine is easy to work and Netflix is already on every platform like TVs, Phones, Tablets, Gaming consoles. Here's all of the changes coming to the Switch with version 5.0 from the official Nintendo site .

isis-killer-beheading-video-story-top Bills a 'team to watch' regarding Vikings QB Sam Bradford
Mar 13, 2018 - 10:24
Siemian, Lynch and Chad Kelly, a seventh-rounder a year ago who sat out his rookie season with injuries, remain on the roster. Elway had said early in the offseason "for us to have a chance to get better we have to get better at that position".

isis-killer-beheading-video-story-top North Korea faces no more conditions for talks
Mar 13, 2018 - 10:21
Kim will be able to tell his people that America's president is kowtowing to him out of fear of North Korea's nuclear arsenal. Trump then agreed to meet Kim by the end of May, he said.

isis-killer-beheading-video-story-top British Paedophile Ring Abused 1000 Children
Mar 13, 2018 - 09:53
They are not discounting the possibility of another arson attack and were talking about installing a fireproof letterbox'. Details emerged of alleged child abuse cases involving possibly thousands of young girls dating back to the late1980s.

isis-killer-beheading-video-story-top Australia's First Paralympic Gold Medal in 16 years
Mar 13, 2018 - 09:41
The event in which McKeever struck gold was the men's 20 kilometre cross-country skiing for the visually impaired. Canada went 3-0 in its round-robin pool, outscoring the opposition 35-0 in the process.

isis-killer-beheading-video-story-top NCAA Women's Basketball Bracket 2018
Mar 13, 2018 - 09:13
The NCAA revealed Sunday night the final eight teams under consideration for the last four spots in the tournament. Louisville won the ACC for the first time this season and earned its first No. 1 seed.

isis-killer-beheading-video-story-top Divvy stations added to Apple Maps, a bike-sharing data app
Mar 13, 2018 - 06:44
Apple and Ito World have partnered up to bring bike-sharing dock information to Apple Maps, TechCrunch reports. The list of supported bike services in each city isn't comprehensive, but Apple may add more in the future.

isis-killer-beheading-video-story-top Bag may have hit fuel switch before copter crash in NYC
Mar 13, 2018 - 06:34
Eric Adams, from western Pennsylvania, was some of the last people to see the victims of the doomed helicopter flight alive. The company referred inquiries to authorities, saying it was focused on the victims' families and the investigation.

isis-killer-beheading-video-story-top Kid Rock Has Finally Arrived: He'll Join WWE Wrestling Hall of Fame
Mar 13, 2018 - 06:30
For his huge contributions to the sound of WWE , Kid Rock will receive the great honor of induction into the WWE Hall of Fame . Kid Rock , the artist best known for his songs "Bawitdaba" and "Cowboy", is going into the WWE Hall of Fame this April.

isis-killer-beheading-video-story-top Still in alliance with BJP, but will fight for Andhra's rights: TDP
Mar 13, 2018 - 06:11
Protests by MPs on Monday continued to disrupt proceedings in Parliament, where the Budget Session is under way. Ramesh is now a member of the Upper House representing neighbouring Telangana since the state bifurcation.

isis-killer-beheading-video-story-top Convicted 'Bookkeeper of Auschwitz' dies aged 96
Mar 13, 2018 - 05:53
Trained as a banker, Groening told judges that he tried several times to be relocated to another post or to the front. Hannover prosecutor Kathrin Soefker says a lawyer informed her office that Oskar Groening died Friday in a hospital.