Trade war: What you may have missed over the weekend

04 June, 2018, 19:18 | Author: Carlos George
  • There goes the neighborhood Canada & Mexico vow to strike back at US in trade war

On Thursday, Trump announced he would remove exemptions and impose 25 percent tariffs on steel and 10 percent tariffs on aluminum imports from Canada, as well as the European Union and Mexico. "The idea that the Canadian steel that's in military vehicles in the United States, the Canadian aluminum that makes your fighter jets, is somehow now a threat?"

Canadian Foreign Minister Chrystia Freeland said in a statement that the tariffs were "imposed under a false pretext of safeguarding U.S. national security".

Canadian Prime Minister Justin Trudeau called President Trump's new tariffs "insulting" in a "Meet the Press" interview Sunday. The G7 leaders have also exchanged tough words over the issue, with Trudeau saying Sunday that calling Canada a national security threat to the United States is "quite frankly insulting".

"A trade war is when there is an escalation of conflict".

In the reports from the U.S. Department of Commerce on the steel and aluminum national security investigations, the American concerns have little to do with fears that Canada or Canadian steel directly pose a threat.

Next week's summit will be Mr Trump's first visit to Canada as president.

Trump says the U-S has to export more goods than it imports. They're furious. Jim Graham from Cornwall, Ontario says he wants Canada's prime minister to keep punching back. The estimate doesn't take into account the retaliatory tariffs that other countries will impose on the United States, either.

England include unlucky goalkeeper on their bench for pre-World Cup friendly
Although Alli was born in Milton Keynes, he was eligible to play for either England or Nigeria due to his parents birth locations. Although England held on for victory it was still not a performance worthy of being World Cup champions.

Joachim Low explains Leroy Sane's 2018 World Cup omission
Draxler, Reus and Muller are set. "He will be back again from Sept", Low said. "He has not arrived in worldwide matches yet". Nils Petersen, Jonathan Tah, Bernd Leno were the other three who failed to make the final cut.

Saudi Arabia Names New Ministers Close to Powerful Crown Prince
The United Nations has called on the kingdom to provide details of those arrested and ensure their legal rights are guaranteed. Reports in state-backed media branded some of the detainees traitors and "agents of embassies".

In reality, Trump's tariff decision and efforts to undermine the WTO plays straight into China's hands, making it seem like less of a trade offender, undermining joint transatlantic action, and reducing US pressure on Beijing.

The meeting of top economic policymakers was seen as a prelude to the trade disputes that will dominate the two-day G7 summit that begins on Friday in Quebec.

"Our objective is to make sure we have fair and balanced trade", Mnuchin said in the Canadian ski resort town. Meanwhile, President Macron recently attended the St. Petersburg International Economic Forum-a meeting typically shunned by Western leaders since the beginning of the 2014 Ukraine crisis-where he discussed closer trade relations with President Putin.

Morneau, however, insists NAFTA and the tariffs are separate issues, because the USA applied the duties under the guise that Canada is a security risk.

"In both cases the electorate voted to "blow it up" even if they didn't feel confident they knew what "it" was and whether the desired new state would surely be better or whether the relevant politicians could actually deliver on promises made", said Martin.

The July 1 deadline for Canadian tariffs to take effect provides a window for Canada and the still broker a deal, perhaps in the framework of a NAFTA agreement. Moreover, many argue the US tariffs are illegal under WTO and NAFTA.

Officials at the G7 meeting said the tariffs made it more hard for the group to work together to confront China's trade practises, especially when Beijing, like most G7 members, supports the current World Trade Organisation-based trade rules and the United States is seeking to go around them.



MI head coach John Beilein reportedly interviews for Pistons' job
Miami Heat assistant coach Juwan Howard also named as a candidate; will reportedly interview for head-coaching job. Including one season with the Brooklyn Nets , Kidd is 183-190 as an National Basketball Association head coach.

Nipah Virus: Death toll touches 17
Kozhikode District collector UV Jose has requested local courts to suspend their operations till the situation improves. However, there are 1,949 persons now on the list of those who have been in contact with the infected.

Samantha Bee to address Ivanka Trump comment when show returns
However, Bee will reportedly address the controversy on the next episode of the show, airing Wednesday evening, according to CNN . On Twitter, announced , "Thank you to those who reached out regarding our sponsorship of Full Frontal ".

Police fireplace on funeral of Kashmir man killed by troops
Police initially denied involvement in the death until a video-shot on a mobile phone-showed the vehicle hitting the man. Doctors told Al Jazeera that the man is in stable condition and is being treated with facial and zygomatic fractures.

Melania Trump not going to Canada, Singapore: spokeswoman
Her absence is leading to a plethora of different theories, including speculation that she has moved back to Trump Tower in NY . That prompted a response from Melania's official first lady Twitter account this week.

East Hampton contractor Ben Krupinski among 4 dead in plane crash
Lee Zeldin, R-New York, described the Krupinskis as a "larger-than-life couple everyone knew, loved, and respected". Krupinski has built the palatial homes owned by such Hamptons luminaries as Martha Stewart and Billy Joel.

North Korea looms large in Singapore, but China takes front billing
He stressed that the Singapore meeting is part of a "process" that will go on for some time: "I told them today, 'Take your time". The Trump administration hopes the meeting will bring clear pledges from Kim to being rolling back the country's nuclear program.

How to watch Cavs vs Warriors online or on TV
The Warriors may have a harder time getting easy shots in the paint should Thompson play with more focus and determination. So you can say (that) somebody (should) meet you at the bus, (but) I'm not (going). "I go to bed, and it swells up".

USA announces 25% new tariffs on Chinese tech goods
According to the Wall Street Journal, citing Chinese officials, China is looking to line up countries against the US. The White House has said it will impose 25% tariffs on $50bn worth of Chinese imports "shortly" after mid-June.

Is Manchseter City close to signing Riyad Mahrez?
The newspaper reports that an initial €45m offer was rejected by the Partenopei, who are holding out for €55m. "We know that an offer from Manchester City has reached Napoli ", Santos said earlier this week.