Trump imposes new steel, aluminum tariffs via proclamation

Trump imposes new steel, aluminum tariffs via proclamation

The US President has claimed the tariffs - 25% on steel imports and 10% on aluminum - are necessary to combat "unfair trade practices" and to protect US national security.

Trump won arbitration against porn star: WH US President Donald Trump has won an arbitration proceeding against adult-film actress Stormy Daniels, his spokeswoman said on Wednesday, a day after Daniels sued Trump for the right to speak about the "intimate relationship" she claims they had. "SSAB's Nordic exports into the U.S. are traded fairly, following established worldwide rules of trade, and are managed and sold by American workers to companies in the U.S. We therefore will be engaging with U.S. government officials to advocate for the preservation of this important trade relationship".

Wait a second. First Trump says that these tariffs are being put in place as a national security measure. It added that other countries like Australia could also be exempted depending on negotiations created to ensure that trade policies benefit the U.S.

Trump imposed the tariffs despite pleas from friends and allies who warned the new measure could ignite a trade war.

The president, who called aluminum and steel "the backbone of our nation", further contended that the policy marks an end to the "betrayal" of American workers.

The government will push for an exemption to newly-announced United States tariffs on steel and aluminium, the Finance Minister says.

"There's been a lot of, in my judgment, hair-on-fire rhetoric on the television from the lobbyists and the politicians and the swamp creatures within the perimeter of the Beltway - and in my judgment, this is all fake news", the official said.

In a press conference alongside Swedish Prime Minister Stefan Lofven on Tuesday, he had cushioned threats of a 25 percent tax on European cars in response to E.U. countermeasures with a hint that he could also exempt the E.U. from his planned tariffs if there was a like-for-like reduction from the bloc.

US Trade representative Robert Lighthizer will deal with countries seeking exemptions.

More news: Trump's military parade will be without tanks

The new tariffs will take effect in 15 days, with America's neighbors indefinitely spared "to see if we can make the deal", Trump said.

"We would perhaps have to raise the tariffs of everybody else, and modestly I may add, to ensure that our steel and aluminum industries are protected", the official said, speaking to reporters on the condition of anonymity.

The Japan Aluminium Association also said the US decision to impose tariffs is "not in accordance with worldwide trade rules" and is "extremely regrettable".

The EU has already threatened to retaliate by imposing huge levies on iconic American products.

Mr Trump appears to be using the threat of tariffs as leverage to win better deals for the USA as it renegotiates the North American Free Trade Agreement with Canada and Mexico and force North Atlantic Treaty Organisation members in Europe, particularly Germany, to spend more on their military. A group of 107 Republicans on the Hill released a letter on Wednesday urging the president to "reconsider the idea of broad tariffs to avoided unintended negative consequences onto the US economy and its workers".

With steel and aluminum tariffs, Chesbrough said "costs will increase throughout the supply chain, driven by higher raw material prices".

"There's a clear rationale for defending our aluminum and steel industries".

It also prompted the resignation of Mr Trump's chief economic adviser Gary Cohn.

Related Articles

  • Joe Tessitore to replace Sean McDonough as 'Monday Night Football' play-by-play man

    Joe Tessitore to replace Sean McDonough as 'Monday Night Football' play-by-play man

    He has called multiple sports in his career, including marquee events such as the World Series, NCAA Final Four, and the Olympics. The New York Post's Andrew Marchand reported on Twitter that Tessitore will replace him.

    Spanish reports raise Neymar future doubts

    Madrid-based newspaper AS reports Neymar´s father has met with Real Madrid , who are ready to pay 400million euros to sign the striker.
    Drake trash talked Rockets during Raptors' win on 'Drake Night'

    Drake trash talked Rockets during Raptors' win on 'Drake Night'

    On Friday, Drake did just that as the Raptors hosted the scorching hot Houston Rockets on the 4th annual "Drake Night". Houston had its worst first-quarter scoring output (16 points) and field goal percentage (28.6 on 6-of-21 shooting).
  • Texas Democrats take aim at Ted Cruz's Senate seat

    Garcia, the Democratic Party leader, nodded to O'Rourke's willingness to crisscross the state to introduce himself to voters. The ad says O'Rourke "wants to take our guns" and calls him "liberal Robert", referring to his given first name.
    The next step after a primary election

    The next step after a primary election

    Trump may have low approval ratings nationally, but in six of those states, he is more popular than the Democratic senator. In 2016, he carried the district with nearly 60 percent of the vote, nearly 7 percentage points ahead of Donald Trump .
    No. 13 Tennessee fights off Mississippi St. in SEC quarters

    No. 13 Tennessee fights off Mississippi St. in SEC quarters

    Even after Tennessee threatened to pull away, the Bulldogs and their small but vocal cheering faction refused to go quietly. Tennessee forced 16 turnovers and held Mississippi State to just one total assist.
  • Emery unconcerned by PSG sack reports

    Emery unconcerned by PSG sack reports

    Since Qatar Sports Investments ( QSI ) took over in 2011, PSG have never reached the semi-finals of the Champions League. Emery, though, is not looking for scapegoats. "The player explained it and I believe what he said".
    Livingston High School Students Organize Walk Out to Honor Parkland Victims

    Livingston High School Students Organize Walk Out to Honor Parkland Victims

    It also gives law enforcement officers the right to seize firearms from those they say are a threat. He faces a maximum sentence of either execution or life in prison without parole if convicted.
    New Zealand batsman Ross Taylor signs for Nottinghamshire as an overseas player

    New Zealand batsman Ross Taylor signs for Nottinghamshire as an overseas player

    Ross Taylor, who scored a match-winning 181 not out in the fourth match on Wednesday, has been ruled out with a leg injury. Colin Munro went on the second ball he faced, caught behind off Chris Woakes for the third time in five innings.
  • Celtics' Jaylen Brown says he's 'okay' after terrifying spill on dunk

    Celtics' Jaylen Brown says he's 'okay' after terrifying spill on dunk

    He lay on the court for several minutes as medical staff attended to him and the Timberwolves' Target Center arena went quiet. Nemanja Bjelica's 30 points and 12 rebounds were in vain for the Timberwolves, who succumbed to a third defeat on the spin.
    Trump's Tariffs Could Make These Popular Products More Expensive

    Trump's Tariffs Could Make These Popular Products More Expensive

    Trade Representative Robert Lighthizer, and Trade and Industrial Policy Director Peter Navarro were also among those in the room. Barely 2% of the steel imported into the USA previous year came from China, according to data from S&P Global Platts.
    Catholic Church 'An Empire of Misogyny' Claims Former Irish President Mary McAleese

    Catholic Church 'An Empire of Misogyny' Claims Former Irish President Mary McAleese

    Pope Francis has refused to attend the Voices of Faith meeting or to celebrate mass for those attending. Catholic leadership also objected to the inclusion of English Catholic theology professor Tina Beattie.