USA steel tariff might harm Houston petro sector

by Susie Olson March 5, 2018, 1:32
USA steel tariff might harm Houston petro sector

Trump triggered a furore on Thursday by announcing he would set tariffs of 25 percent on steel and 10 percent on aluminium to protect U.S. producers.

US President Donald Trump on Thursday said that he would impose a 25 per cent import tariff on steel and 10 per cent on aluminium to protect US producers.

Trump "made clear that this would be an across-the-board tariff with no exclusions", the official told reporters. We must not let our country, companies and workers be taken advantage of any longer.

It also follows recent United States trade attacks on other major Canadian sectors including forestry and aircraft manufacturing.

"It will. I mean it's actually kind of going the opposite direction", he said.

"While we appreciate your concern about the viability of the domestic aluminum smelting industry, tariffs or import restrictions will have the unintended outcome of harming many healthy downstream USA manufacturing industries, like ours, that are substantially larger in size and economic contribution", the letter said.

French Finance Minister Bruno Le Maire supported the E.U.'s reaction and said "all options are on the table" in terms of a response.

The president is unfazed by criticism that he is launching the US into a trade war saying Friday that sometimes trade wars are a good thing.

Apple Plans Lower-Priced Model Later This Year
The iPhone X , on the other hand, is a radical redesign with edge-to-edge display and improved facial recognition technology. According to Gurman, Apple will release three new iPhones this September, and all three will use Face ID for authentication.

A proposed tariff of 25% on steel imports and 10% on aluminum boosted the stock prices of steel makers, but industrial companies, aircraft manufacturers, carmakers saw their stocks fall.

In terms of response "all options are on the table", ranging from a challenge at the World Trade Organization to "counter-measures to limit United States imports in Europe", he said.

He also downplayed the effect on domestic markets that the new tariffs will have, saying they are "no big deal" and bringing props along to make his point.

The combative posts follow Thursday's assertion on Twitter that United States steel and aluminium industries had been "decimated" by trade policies.

Washington sources have stated that US President Donald Trump said the import tariff hike would create jobs in the US and benefit its industries. There are better ways to address concerns about the American steel and aluminum industries.

"Historically, whenever you have this type of trade protection that sparks a trade war, the impacts are quite dramatic", he said.

Mr. Trump supposedly aimed this blow at China, but seems to have hit Canada, and in the process, he's shaking the world.

Trump has defended his decision, saying "trade wars are good".

TOP News

Why did Trump adviser Jared Kushner meet with Sixers owner Joshua Harris?
Andrew Cuomo, has asked for the banks to reply to her request by Monday, March 5, said the person familiar with the letters. Kushner's company, which he left to take his position in the White House past year , is also being investigated by the U.S.

Rafael Benitez names rare UNCHANGED side at Bournemouth
However, the Cherries are unbeaten in their last four Premier League games, winning the last three in the row. But bringing home, just the one point, means Rafa's side stay in the bottom half of the Premier League.

Pablo Zabaleta: "'Liverpool front three hard to play against"
It took the team's tally of goals for the season to 103. "We have a great attack at the minute and everyone is really on top form. It just shows his hunger to win. "There is not much more you want from a number nine - but that is not all he offers".

Iraq sentences 16 Turkish women to death for joining Isis
The Iraqi Criminal Court yesterday sentenced 15 Turkish women to death for belonging to Daesh. He added, "This also applies to foreign women of ISIS militants".

Prince Harry and Meghan Markle invite the public to 'the people's wedding'
In the evening, Prince Charles will host a private reception for the couple and their close friends and family. She is set to become a member of the British royal family upon marriage to Prince Harry in May 2018.

What Chandler Riggs Told Us About The Walking Dead's Big Flash-Forward Reveal
Whether or not that's the same endgame that's in the producers' heads or the people I work with, is another matter. Carol and Morgan do prevail, but in killing the Saviors, Morgan, the old killing machine, returns.

Killed, 80 Injured In Attacks In Burkina Faso
He expressed his profound sympathy to the families of the victims and wished a speedy and full recovery to the injured. The neighborhood also houses other embassies, the prime minister's office and United Nations offices.

MWC 2018: Asus introduces ZenFone 5Z, ZenFone 5 and ZenFone 5 Lite
The Asus ZenFone 5 is powered by a Snapdragon 636 processor with eight 14nm cores, two of which are Qualcomm's custom Kryo cores. The secondary sensor includes an 8-megapixel sensor coupled with an f/2.2 aperture and a 120-degree wide-angle lens.

Disney pushes 'Mulan' to 2020, moves 'Avengers' up a week
Iron Man , Thor , the Hulk and the rest of the Avengers unite to battle their most powerful enemy yet - the evil Thanos . The good news is that you won't have to wait much longer because the release date of the movie has since been moved up.

American Outdoor Brands (AOBC) Releases Q4 Earnings Guidance
American Outdoor Brands Corporation , belongs to Industrial Goods sector and Aerospace/Defense Products & Services industry. American Outdoor Brands Corp (NASDAQ: AOBC ) has an ABR of 2 which is the combined stock view of 8 analysts poll results.