Friday, 24 November, 2017

Trump Considers Hard Line on Chinese Steel in Advance of G20 Summit

Trump talks tough on trade ahead of G-20 meeting Trump Considers Hard Line on Chinese Steel in Advance of G20 Summit
Lamar Ellis | 10 July, 2017, 01:44

"It just opens the door to everyone else to do same thing, not just on steel", Reinsch said.

In addition to being intellectually dishonest, asserting that steel imports pose a threat to USA national security could be internationally destabilizing. Analysts point to China as the primary target of the sweeping review, though the announcement did not list any country as a specific target.

This afternoon in metals news, gold inches upward, partially stemming from concerns on the heels of a North Korean missile test; Germany, among others, waits to hear what the U.S. has to say about steel; and, in anticipation of protectionist policies from the Trump administration, U.S. Steel rose by 8% in June.

While the policy recommendations of those probes haven't been announced, some USA businesses are feeling pretty good about what those protectionist policies might do for them. A self-imposted Department of Commerce deadline came and went this past Friday with no announcement of the steel investigation's conclusion.

The global steel industry is braced for a crackdown on Chinese "dumping" by Donald Trump, who is expected to claim cheap imports are a threat to national security. Trump said in an early morning tweet.

In the statement, the US announced that "it will immediately cease the implementation of its current nationally-determined contribution and affirms its strong commitment to an approach that lowers emissions while supporting economic growth and improving energy security needs".

"A number of EU countries may be affected by a US measure, certainly more than countries such as China for which steel exports to the USA have mostly been blocked by massive anti-dumping actions", the European Steel Association, known as Eurofer, said.

But any USA restriction on steel imports would have a relatively muted effect on China, and would hit other countries much harder. Indeed, analysts have warned that tariffs could drive up steel prices for US manufacturers. He suggested putting on Chinese imports 45% tariff and said he would announce on his first day in the office that China was a currency manipulator, and he said proposing taxing imports from Mexico that he would rip up the trade deals and referred this as the Trans-Pacific Partnership, or TPP. Taking out his mobile phone, Macron said that when he bought it, he created a trade deficit with the US, but that when America built it, it created a trade deficit with China. The area will be a point of tension with China in particular amid US pressure on China to exert further pressure on North Korea, which successfully tested an intercontinental ballistic missile Tuesday.

Recommended

  • Tour de France 2017: Geraint Thomas out after crash on stage nine

    Tour de France 2017: Geraint Thomas out after crash on stage nine

    Monday is a rest day and the fight for the overall title is set to resume next Thursday with the first big Pyrenean stage. Although the group went with Aru, they neutralised the Astana rider, and allowed Froome to get back into the group.
    Erdogan chats with Trump, May at G20 summit

    Erdogan chats with Trump, May at G20 summit

    Turkey's worsening relations with its old allies including Germany, the European Union and the USA will have an impact on the Balkan region, too, experts say.
    Arjun Tendulkar injures England player at Lord's nets

    Arjun Tendulkar injures England player at Lord's nets

    This will be the first of the four-Test series, which was preceded by a three-T20I series and three ODIs. In a report by the Daily Mail , the 27-year-old was hit on the foot by a yorker bowled by Arjun.
  • UNESCO puts Hebron in danger list

    UNESCO puts Hebron in danger list

    In an intractable and long-running battle, Unesco's recognition is, at least, a move in the right direction for Palestinians. She would not comment on whether Hebron had been recognised as Palestinian, saying the exact wording would be decided later.
    UK Industrial & Construction Output Fall Unexpectedly

    UK Industrial & Construction Output Fall Unexpectedly

    Sterling dipped below $1.29 after Friday's data and hit its lowest level since June 28. Similarly, manufacturing output dropped 0.2%, offsetting a 0.2% rise in April.
    European Union  lawmakers urge China to let Nobel dissident seek medical help

    European Union lawmakers urge China to let Nobel dissident seek medical help

    The message claimed that doctors stopped treating Liu with anti-cancer drugs, as well as traditional Chinese medicine. The news comes just before Chinese President Xi Jinping attends the G20 summit in Hamburg on Friday.
  • India post challenging total vs West Indies

    India post challenging total vs West Indies

    Taylor, who opened the bowling along with Samuel Badree, finished with two for 31, and Williams two for 42. Kohli may also make some changes in the playing XI with the kind of depth India has got in their squad .
    Kittel bursts through to win stage six

    Kittel bursts through to win stage six

    Froome came home third behind Ireland s Dan Martin in second, and took over the yellow jersey from Sky team-mate Geraint Thomas . "The short stages are much more exciting and intense".

    RM plc (LON:RM) Receives Buy Rating from FinnCap

    Out of 2 Wall Street analysts rating Coherus BioSciences, 2 give it "Buy", 0 "Sell" rating, while 0 recommend "Hold". The stock of Antofagasta plc (LON:ANTO) earned "Hold" rating by Beaufort Securities on Thursday, April 28.
  • UN Members Sign Nuclear Prohibition Treaty - With Notable Exceptions

    UN Members Sign Nuclear Prohibition Treaty - With Notable Exceptions

    Negotiators representing two-thirds of the 192-member United Nations finalized the 10-page treaty this week after months of talks. In October 2016, the UN General Assembly voted to negotiate and conclude a treaty prohibiting nuclear weapons .
    Knicks Rumors: Carmelo Anthony Still on Trade Block After Tim Hardaway Jr

    Knicks Rumors: Carmelo Anthony Still on Trade Block After Tim Hardaway Jr

    The Atlanta Hawks will not match the New York Knicks' massive four-year, $71 million contract offer to Tim Hardaway Jr . The club is looking for a veteran point guard to mentor rookie Frank Ntilikina but has limited resources to find one.
    USA  trade deficit narrows as exports hit two-year high

    USA trade deficit narrows as exports hit two-year high

    For example, imports sometimes rise when the US economy is doing well and Americans can better afford products from overseas . The U.S. trade deficit with China is also running ahead of last year's pace while the gap with Germany is roughly the same.

An acrobat has died right before a Green Day gig in Madrid An acrobat has died right before a Green Day gig in Madrid It read: " Mad Cool Festival regrets the bad accident that an acrobat suffered during the second day of the festival". On Saturday the festival will "pay an emotional tribute to the artist ", the statement added.

June job growth was a healthy 222000 . . . but we can do better June job growth was a healthy 222000 . . . but we can do better The agency singled out health care, social assistance, financial activities and mining as sectors where jobs were added. When those workers are taken into account, the jobless rate rose to 8.6 percent last month from 8.4 percent in May.

CCTV footage clears Venus Williams of unlawful behaviour in fatal auto crash CCTV footage clears Venus Williams of unlawful behaviour in fatal auto  crash Linda's husband, Jerome Barsons , 78, was hospitalized and died on June 22, which was Linda's 68th birthday. Now, Palm Beach Gardens police say the investigation is ongoing and it is unclear who is at fault .

Russian Federation objects to calls for United Nations action on North Korea Russian Federation  objects to calls for United Nations  action on North Korea Following North Korea's missile launch , Trump expressed frustration with China over its expanding trade with North Korea. Trump has warned Beijing it could face U.S. economic and trade pressure unless it does more to rein in North Korea.

Ivanka Trump briefly sits in for her father at G20 session Ivanka Trump briefly sits in for her father at G20 session Regardless of how world leaders feel about Trump himself, Ivanka's proximity does in fact garner her visible privilege. As reported , Ivanka Trump , who's also the president's special assistant, arrived at the summit with her father.

Woman accused of fatally stabbing husband, 4 children appears in court Woman accused of fatally stabbing husband, 4 children appears in court The four children killed were identified as Isabela Martinez, 10; Dacota Romero, 7; Dillan Romero, 4; and Axel Romero, 2. However, when the judge listed the charges, she shook her face head "no" and flapped her finger at him.

Britain's May optimistic on Trump visit, UK-US trade deal Fraser, Britain will not be able to negotiate with anyone until they have departed from the European Union. Downing Street said that "no date is being announced today".

Solano County free of West Nile so far this year Solano County free of West Nile so far this year Humans get the virus from an infected mosquito's bite and mosquitoes acquire the virus by biting or feeding on infected birds. West Nile can cause multiple symptoms, such as disorientations, headaches, high fever, tremors, seizures and other illnesses.

'Spider-Man: Homecoming': How Much of a Game Changer Is the Ending? 'Spider-Man: Homecoming': How Much of a Game Changer Is the Ending? Holland succeeds at being a plucky and invincible youngster who has to find his stride and understand what it takes to be a hero. This may sound like previous poor entries have tainted my views, inflating the quality of Homecoming . "That's her name.

Lexington Realty Trust (NYSE:LXP) Valuation According To Analysts Lexington Realty Trust (NYSE:LXP) Valuation According To Analysts It is a straightforward and popular way of assessing how much investors are willing to pay for each dollar a company earns. Since February 6, 2017, it had 0 insider purchases, and 2 insider sales for $11.71 million activity.

No Gravy for Azarenka, She Wants to Win Wimbledon No Gravy for Azarenka, She Wants to Win Wimbledon Watson will, of course, have a Centre Court crowd roaring her on, just as it did in 2015 when she served for the match against the mighty Serena Williams before losing a thriller.

Arsenal will sign Riyad Mahrez, suggests Richard Keys Arsenal will sign Riyad Mahrez, suggests Richard Keys The Algeria worldwide is set to move on from the King Power Stadium this summer after a disappointing campaign previous year . If Alexis Sanchez departs the club this summer, Lemar and Mahrez have been looked at as a possible replacements.

BeiGene, Ltd. (BGNE) Director Sells 5539 Shares of Stock The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Maxim Group set a $52.00 target price on BeiGene and gave the company a "buy" rating in a research note on Saturday, March 11th.

Qatar response to demands negative - Arab states Qatar response to demands negative - Arab states Qatar has refused to comply with the 13 demands made by the Saudi-led quartet, so now the ball is in their court. Al Mu'allemi stressed that Qatar's continued support for terrorism has made Doha a haven for terrorists.

UFC 213: Amanda Nunes 'Had to React' to Valentina Shevchenko's Taunts I got more attention when I was the challenger than when I was the champion", she told UFC.com "I still have to keep proving myself, I have to keep winning and put on a show.