Tuesday, 14 August 2018
Latest news
Main » Billionaire Koch Brothers Launch Million Dollar Campaign Against Trump's Popular Tariffs

Billionaire Koch Brothers Launch Million Dollar Campaign Against Trump's Popular Tariffs

06 June 2018

The spectre of a trade war between the US and its allies will no doubt hang over this week's G7 leaders summit in Quebec, when Trump makes his first official visit to Canada as president.

This comes after US tariffs on the imports of both steel and aluminum from the EU, Mexico, and Canada took effect last week. The retaliatory measures also include 20% on pork products, 20% and 25% duties on cheeses, and a 25% duty on bourbon.

A net importer of USA steel, Mexico is also putting 25 percent duties on a range of US steel products.

Canada and the European Union have protested along with Mexico and are also pursuing tariffs and cases against the U.S.at the WTO.

"Somehow it's sending a clear message that this sort of thing benefits no one, and affects all of us", he said.

The move follows a US decision to impose tariffs on imports of Mexican steel and aluminum purchases, which took effect on Friday.

More news: The summit's back on: Trump meets NKorean at White House

While other World Trade Organization members are also considering retaliating by targeting iconic American products - such as bourbon whiskey and Harley-Davidson motorcycles - the escalating tensions between Mexico and the USA may further complicate the renegotiation of the NAFTA trade accord.

Secretary of Defense James Mattis issued a memorandum that concurred with Commerce's overall findings but expressed concern over the effect of the proposed actions on key usa allies, and it estimated that the Department of Defense's need for steel only represent about 3 percent of us production.

"Since they know this is temporary, it is only in place until they get rid of the steel and aluminum tariffs, they say I better offer discounts and we can keep working".

A worker cuts a piece from a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March 9, 2018.

In response to Washington's sudden change of heart which de facto undermined the May 19 joint statement on the suspension of the tariff frictions, Beijing made it clear that once the U.S. imposes new restrictions on Chinese imports, it would nullify all previous agreements reached by the sides.

Commerce Secretary Wilbur Ross was in Beijing from June 2-3 for the third round of high-level trade negotiations, which focused on China agreeing to buying more USA energy and farming goods, according to the White House.

More news: Three people trapped by lava airlifted to safety near Hawaii volcano

"The PM said that the US, UK and European Union are close national security allies and we recognise the importance of the values of open and fair trade across the world", May's spokesman said.

China is not going to bend under Donald Trump's pressure, analysts told Sputnik, referring to Beijing's recent statement issued after Commerce Secretary Wilbur Ross' visit to the country.

The Dairy Farmers of Canada branded as "troubling" and "worrisome" comments Trudeau made on NBC's Meet the Press that Canada was considering allowing US dairy greater access to the Canadian market as part of the renegotiation of the North American Free Trade Agreement.

Anglade called the delay "a wise decision", telling reporters it would give Canada time to discuss the impact of the counter-tariffs.

Mexico is a huge importer of pork legs and shoulders since they are used in the country's most popular dishes, including tacos and carnitas.

More news: Teens are breaking up with Facebook faster than we thought, says study

Billionaire Koch Brothers Launch Million Dollar Campaign Against Trump's Popular Tariffs