Offbeat: Trump threatens more tariffs on US trading partners - - PressFrom - US
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Offbeat Trump threatens more tariffs on US trading partners

17:16  24 july  2018
17:16  24 july  2018 Source:   msn.com

EU prepares to hit back if US puts tariffs on car imports

  EU prepares to hit back if US puts tariffs on car imports The European Union says it is already preparing measures to retaliate against the U.S. if President Donald Trump imposes tariffs on imported cars and auto parts. The auto industry is a big employer and exporter in Europe, and the new tariffs could hit the region hard, as well as consumers and manufacturers in the U.S., where prices would rise.

Trump ’s threats of new tariffs were made hours before he departed the White House for speaking engagements at several events in Kansas City, Missouri. More US Stories. FBI Chief Breaks with Boss on Use of Term 'Spying'. US -Iran Tensions Rise Ahead of Anniversary of Deal Pullout.

Trump is tweeting that trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs . It's as simple as that." The president writes that the U . S The U . S . and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread

President Donald Trump declared Tuesday that "Tariffs are the greatest!" and threatened to impose additional penalties on U.S. trading partners as he prepared for negotiations with European officials at the White House.

Trump tweeted from the White House that U.S. trade partners need to either negotiate a "fair deal, or it gets hit with Tariffs. It's as simple as that."

The president has engaged in hardline trading negotiations with China, Canada and European nations, seeking to renegotiate trade agreements he says have undermined the nation's manufacturing base and led to a wave of job losses in recent decades. The imposition of punishing tariffs on imported goods has been a favored tactic by Trump, but it has prompted U.S. trading partners to retaliate, creating risks for the economy.

Dow futures fall 120 points after Trump says he's 'ready to go' to $500 billion in tariffs on China

  Dow futures fall 120 points after Trump says he's 'ready to go' to $500 billion in tariffs on China U.S. stock index futures declined after President Donald Trump said he is ready to put tariffs on every Chinese good coming to the U.S. if necessary.Load Error

Trump declared earlier Tuesday that " Tariffs are the greatest!" and threatened to impose additional penalties on U . S . trading partners as he prepared The imposition of punishing tariffs on imported goods has been a favored tactic by Trump , but it has prompted U . S . partners to retaliate, creating

Trump has threatened to ratchet that up to more than 0 billion, a move that has left financial markets uneasy. Beijing's retaliatory tariffs have hit Trump wrote on Twitter Tuesday that the U . S . is a "'piggy bank' that's being robbed." He noted that countries "that have treated us unfairly on trade for

Trump has placed tariffs on imported steel and aluminum, saying they pose a threat to U.S. national security, an argument that allies such as the European Union and Canada reject. He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that last year totaled $335 billion.

And the president has already put tariffs on $34 billion in Chinese imports in a separate dispute over Beijing's high-tech industrial policies. Trump has threatened to ratchet that up to more than $500 billion, a move that has left financial markets uneasy. Beijing's retaliatory tariffs have hit American soybeans and pork.

Trump wrote on Twitter Tuesday that the U.S. is a "'piggy bank' that's being robbed." He noted that countries "that have treated us unfairly on trade for years" are coming to Washington to negotiate.

The president is meeting with European Commission President Jean-Claude Juncker on Wednesday. The U.S. and European allies have been at odds over the president's tariffs on steel imports and are meeting as the trade dispute threatens to spread to automobile production.

US Steel a big winner after tariffs boost prices .
US Steel reports rise in prices, and profits, thanks to steel tariffs, and says even better results lay ahead.The nation's oldest steelmaker reported its second quarter operating profit rose 38%, and it raised its full-year profit guidance -- it now expects profit for the full year to more than triple.

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