NZ to seek USA tariffs exemption - Robertson

11 March, 2018, 03:03 | Author: Angel Logan
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US President Donald Trump speaks before signing Section 232 Proclamations on Steel and Aluminum Imports in the Oval Office of the White House.

"It's been an assault", Trump said at the White House where he was joined by steel and aluminum workers holding white hard hats.

The contentious tariffs come into effect in 15 days.

"Undoubtedly, the resulting higher steel and aluminum prices are clearly nothing more than a tax on the American people".

The association called on the government to take firm counter-measures against imports from the U.S., state-run Xinhua news agency reported.

Railroad tracks run past the blast furnaces of the now-closed Bethlehem Steel mill in Bethlehem, Pennsylvania, April 21, 2016.

Trump is expected to delay the imposition of tariffs on Canada and Mexico to turn up the pressure in negotiations over the North American Free Trade Agreement.

Business leaders, meanwhile, have continued to sound the alarm about the potential economic fallout from tariffs, with the president and CEO of the U.S. Chamber of Commerce raising the specter of a global trade war.

The senior administration official lambasted critics of the president's tariffs saying, "Nobody inside the beltway should express any sort of surprise".

Ms Malmstrom warned the Trump administration against considering metal-tariff exemptions for only some European Union countries such as the United Kingdom, which, while long considering that it has a special relationship with the U.S., is behind the bloc on the issue, she said.

Trump and many of his advisers favour tariffs as they believe they will protect USA industries that have come under significant pressure from foreign competition.

"Today I'm defending America's national security by placing tariffs on foreign imports of steel and aluminium", he added.

"The reality is that the real friends are going to be those who are willing to partner with us on national security issues and also look to make sure there is free and fair and reciprocal trade", White House Legislative Affairs Director Marc Short said in an interview on Bloomberg TV on Friday. Some countries might qualify for an exemption if their products "no longer threaten our security", the president said. Trump had them flown in hoping to illustrate his move with workers whose production lines and plants might be bolstered. He further said that the country was losing $500 billion a year to China and something had to be done.

On Thursday, Trump had said that America will remain open to modifying or removing the tariffs for individual nations.

"I am disappointed in this announcement and will be working with the businesses that may be potentially impacted by this decision along with the administration about how best to continue our joint efforts to create jobs and spur new growth", Gardner said.

Trump kept Canada and Mexico as potential tariff targets because that served US interests in winning concessions in ongoing NAFTA negotiations. He has insisted he be able to tout a completed tariffs plan when he campaigns for a Republican congressional candidate in Pennsylvania steel country on Saturday. We will always stand up for Canadian workers and Canadian businesses.

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