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Politics The Latest: Trump defends plan to impose tariffs

04:10  05 march  2018
04:10  05 march  2018 Source:   ap.org

Trump finally gets his tariffs — and much of the world recoils

  Trump finally gets his tariffs — and much of the world recoils The president imposed strict trade measures on steel and aluminum imports.Speaking at the White House, the president said he had decided to levy tariffs of 25 percent on foreign-made steel and 10 percent on aluminum.

Trump is readying to place tariffs of 25 percent and 10 percent on steel and aluminum imports President Donald Trump ’s announcement that he’ll impose stiff tariffs on imported steel and The latest figures, released Thursday by the Labor Department, suggest that more than five months after

The U.S. plans to impose tariffs on European Union goods including aircraft and agricultural products. The Office of the U.S. Trade Representative plans Trump has long decried what he calls unfair trade practices by the EU. His administration increased tensions with the bloc when he put tariffs on steel

FILE - In this Sept. 22, 2005 file photo a steel worker takes a sample at the blast furnace of ThyssenKrupp steel company in Duisburg, western Germany. Ordering combative action on foreign trade, President Donald Trump has declared that the U.S. will impose steep tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies. (AP Photo/Frank Austin, file)© The Associated Press FILE - In this Sept. 22, 2005 file photo a steel worker takes a sample at the blast furnace of ThyssenKrupp steel company in Duisburg, western Germany. Ordering combative action on foreign trade, President Donald Trump has declared that the U.S. will impose steep tariffs on steel and aluminum imports, escalating tensions with China and other trading partners and raising the prospect of higher prices for American consumers and companies. (AP Photo/Frank Austin, file)

WASHINGTON — The Latest on President Donald Trump and trade (all times local):

7:30 p.m.

Facing criticism from allies overseas and members of his own party, President Donald Trump is signaling he is not backing down from his plan to place tariffs on imports of aluminum and steel.

Q&A: How Trump's tariffs could affect people and companies

  Q&A: How Trump's tariffs could affect people and companies President Donald Trump's vow Thursday to slap tariffs on imported steel and aluminum spooked investors, raised fears that other nations would punch back with their own sanctions and threatened to raise prices for U.S. consumers and companies that use steel and aluminum. Here's a close look at the tariffs and their potential to trigger a trade war and bruise the U.S. economy:___WHAT EXACTLY DID TRUMP DO?The president said that sometime next week, he will formally announce tariffs of 25 percent on imported steel and 10 percent on imported aluminum.

Mr Trump announced the tariff plan on Twitter, while taking aim at China for not honouring promises to buy more US agricultural products at this week's negotiations in Shanghai. The latest round of duties come amid mounting concern over how effective Mr Trump 's strategy is proving to be.

U.S. Treasury Secretary Steven Mnuchin said that U.S. tariff actions are "not about protectionism" but about defending American interests against unfair trade practices.

Trump tweets Sunday night that the American "steel and aluminum industries are dead. Sorry, it's time for a change!"

Trump is readying to place tariffs of 25 percent and 10 percent on steel and aluminum imports, respectively.

The protectionist move fulfills a campaign promise to protect American manufacturers, but is pitting him against free-market Republicans and American trading partners who are warning it would ignite a trade war.

British Prime Minister Theresa May called Trump on Sunday to register her displeasure with the impending action.

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11:25 a.m.

British Prime Minister Theresa May has spoken with President Donald Trump and expressed "deep concern" about his threatened trade war with the European Union.

GOP urges Trump to abandon tariffs

  GOP urges Trump to abandon tariffs Republican lawmakers on Monday pressured President Trump to reverse course on his plan to impose steep tariffs on imports of steel and aluminum, arguing it threatens the U.S. economy and GOP majorities in Congress. Speaker Paul Ryan (R-Wis.) has lobbied Trump to reconsider the tariffs by sharing his concerns personally with the president "on multiple occasions," according to his office."We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan," Ryan spokeswoman AshLee Strong said in a statement.

Donald Trump has escalated the trade war with China by announcing plans to hike the tariff imposed on 0bn of Chinese goods from 10% to 25% on The US president also threatened to impose tariffs on all Chinese trade with America, a move that could further destabilise relations between the

He says when China imposed tariffs last year, U.S. vehicle exports to the country were cut in half. The alliance represents most major automakers China on Friday said that it was putting into place tariffs on billion in U.S. products in retaliation for the Trump administration's latest planned tariff hikes.

May's office says she discussed the issue with Trump during a telephone call Sunday.

Trump has threatened to tax European cars if the EU boosts tariffs on American products in response to the president's plan to increase duties on steel and aluminum.

May's office says she "raised our deep concern at the president's forthcoming announcement on steel and aluminum tariffs, noting that multilateral action was the only way to resolve the problem of global overcapacity."

The leaders also discussed Syria and humanitarian concerns in eastern Ghouta. May's office says they agreed "the overwhelming responsibility" for suffering falls on the Syrian government and Russia, its main backer.

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11 a.m.

An influential Republican senator says President Donald Trump is "making a huge mistake" with his plan to impose steep tariffs on imported steel and aluminum.

South Carolina Sen. Lindsey Graham is joining a growing number of Republicans and business groups in criticizing the president's tariff plans. He says Trump is "letting China off the hook." Graham says "China is winning and we're losing with this tariff regime."

Trump's Steel and Aluminum Tariffs Will Achieve Nothing

  Trump's Steel and Aluminum Tariffs Will Achieve Nothing Tariffs on steel and aluminum will achieve nothing and ultimately be struck down.Load Error

Defending President Trump ’s Tariffs (With a Can of Coke). Here’s how President Trump and his administration are selling the decision to impose tariffs on steel and aluminum despite On Sunday, Mr. Navarro said the tariff announcement could come this week or the following week at the latest .

The tariffs are just the latest action Trump has taken that undermine the economics of renewable energy. The administration has already decided to Now He’s Worried Trump Will Hurt His Business. “It’s the first opportunity the president has had to impose tariffs or any sort of trade restriction,” Clark

Graham tells CBS' "Face the Nation" that Trump is picking a fight with American allies in Europe in a way that plays into China's hands. He says Trump should "go after China, not the rest of the world."

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10 a.m.

A senior member of British Prime Minister Theresa May's Cabinet has chastised President Donald Trump for threatening a trade war with the European Union.

Analysis: An Important Voice for Free Trade Proponents Goes Silent

  Analysis: An Important Voice for Free Trade Proponents Goes Silent Gary D. Cohn in effect served as a proxy for the business wing of the Republican Party as it fought what may be a losing battle against new tariffs on steel and aluminum imports. His departure deprives free trade proponents of perhaps their strongest voice inside Mr. Trump’s inner circle.Sign Up For the Morning Briefing NewsletterTrade has always been the Iron Curtain that divided Mr.

On the latest #WashWeekPBS, the conversation turned to the president's new plan for tariffs on Mexico and how American consumers could be impacted.

Donald Trump launched a fresh attack on the EU on Tuesday as he defended his plan for tariffs on Despite a growing Republican backlash against the tariffs , Mr Trump said he planned to impose Mr Trump ’s latest attacks came as Republican leaders in Congress stepped up their criticism of his

Cabinet Office Minister David Lidington's comments Sunday on the BBC came after Trump threatened to tax European cars if the EU boosts tariffs on American products in response to the president's plan to impose tariffs on steel and aluminum.

Lidington says "the United States is not taking an advisable course in threatening a trade war," adding that "trade wars don't do anybody any good."

Lidington also says Britain's experience shows that protectionism doesn't work. He says when the U.K. tried to protect its car industry in the 1960s and '70s "we lost all our export markets" because other countries were more competitive.

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10 a.m.

A business leader wants President Donald Trump to have "the courage" to step back from his campaign rhetoric on trade.

Marc Thiessen: Why Trump’s tariffs break his promises to forgotten Americans

  Marc Thiessen: Why Trump’s tariffs break his promises to forgotten Americans President Trump's announcement that he will impose stiff tariffs on American companies that purchase imported steel and aluminum should have come as no surprise. From moving our embassy to Jerusalem to pulling out of the Paris climate agreement, Trump is a president who does what he promises. Unfortunately, his proposed tariffs undermine his ability to deliver on many other important promises he made in the 2016 campaign.Trump promised to champion forgotten Americans, but imposing a 25 percent tariff on steel and a 10 percent tariff on aluminum will hurt more of the forgotten Americans than it helps.

The Business Roundtable's Josh Bolten, a chief of staff for President George W. Bush, tells "Fox News Sunday" that "every modern president has faced some trade skirmishes during their time but they've all been wise enough not to let it descend into outright trade war."

Bolten praises Trump for following through on campaign promises to cut taxes and federal regulations, but trade is another matter.

He says: "Sometimes a president needs to, you need to stick to your principles but you also need to recognize in cases where stuff you said in the campaign isn't right and ought to be drawn back. The president needs to have the courage to do that."

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9:50 a.m.

White House trade adviser Peter Navarro says President Donald Trump's planned steel and aluminum tariffs won't have any exemptions for certain countries.

Speaking on CNN's "State of the Union," Navarro says: "At this point in time there's no country exclusions."

American allies including Canada have protested the planned protectionist move by the president, saying they shouldn't be covered by Trump's planned 25 percent tariffs on steel and 10 percent on aluminum.

The Pentagon recommended "targeted" tariffs, so as not to upset partners. But Navarro says Trump decided on wide-ranging import charges because he seeks to boost American manufacturers.

Trump's Decision To Impose Tariffs Draws Bipartisan Condemnation

  Trump's Decision To Impose Tariffs Draws Bipartisan Condemnation President Donald Trump’s decision to impose steep tariffs on steel and aluminum imports drew rare bipartisan criticism from lawmakers, who warned the move could trigger a transatlantic trade war and hurt U.S. companies. Trump signed proclamations Thursday allowing tariffs of 25 percent on steel and 10 percent on aluminum to take effect later this month.“The American aluminum and steel industry has been ravaged by aggressive foreign trade practices. It’s really an assault on our country,” Trump said during a hastily arranged event at the White House.

"As soon as you exempt one country, then you have to exempt another country," Navarro says.

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9:20 a.m.

Commerce Secretary Wilbur Ross says "I believe so" when asked whether President Donald Trump will make a formal announcement this week about trade penalties on imported steel and aluminum.

There's been speculation Trump may consider exempting some U.S. allies. But Ross says, "As far as I know he's talking about a fairly broad brush. ... I have not heard him describe particular exemptions just yet."

Ross is dismissing the fallout from potential retaliation by the European Union.

He tells ABC's "This Week" that "sure there may be some sort of retaliation, but the amounts that they're taking about are also pretty trivial." He says the EU has threatened tariffs on $3 billion-plus worth of U.S. goods.

In Ross' words: 'Overall it's not going to be much more than a rounding error."

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8:10 a.m.

Few issues could blur the lines of partisanship in Trump-era Washington.

Trade is one of them.

President Donald Trump's announcement that he'll impose stiff tariffs on imported steel and aluminum has labor unions and liberal Democrats in the unusual position of applauding his approach.

Republicans and an array of business groups are warning of dire economic and political consequences if he goes ahead with the trade penalties.

Trade politics often cut along regional, rather than ideological, lines. That's because politicians reflect the interests of the hometown industries and workers.

But rarely does a debate open so wide a rift between a president and his party — leaving him almost exclusively with support from his ideological opposites.

Trump hoping to use his steel tariff plan as a global bargaining chip .
President Trump's final order to slap sweeping tariffs on imported steel and aluminum looks less like an effort to preserve national security and more like an attempt to create a giant bargaining chip that the president can play around the world. A week after haphazardly announcing across-the-board tariffs on imported metals, Trump on Thursday signed orders that would impose duties of 25% on foreign steel and 10% on aluminum. The levies take effect in 15 days.

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