South Korea says talking to U.S. about steel tariffs plan

President Donald Trump pauses during a meeting in the Cabinet Room of the White House in Washington Wednesday Feb. 28 2018. The Trump administration is being lobbied to spare Canada from planned tariffs on steel and aluminum with even supporters of

More automakers on Friday warned that U.S. President Donald Trump's announced steel and aluminum tariffs would boost vehicle prices by hiking commodities costs for manufacturers.

On Thursday, Trump said the United States would apply duties of 25 percent on imported steel and 10 percent on aluminium to protect domestic producers.

US President Donald Trump has confirmed he will sign off on the tariffs, with China the main target.

European Commission chief Jean-Claude Juncker vowed the bloc "will react firmly" to defend its interests.

Canada is the top supplier to the United States of both products.

"I believe it invites a trade war that ultimately will work against American jobs and consumers", said Gov. John Kasich of OH said of the tariff decision. "One problem with exclusions is that it's a slippery slope".

"The other practical problem is that as you begin to exclude some countries, you have to then have higher tariffs on the rest of the countries".

Trump is instead pointing to national security as his reasoning.

But a White House official told The Wall Street Journal that such exemptions were unlikely.

Scandinavian Study Proposes Splitting Diabetes into Five Types
People with this type do not respond to insulin and have a high likelihood of developing liver and diabetic kidney disease . Of this, a majority - 39 to 47 per cent - were elderly people with mild diabetes while 18-20 per cent were obese.

As is typical for most Trump administration policy roll-outs, the details - beyond percentages - remain vague.

On Friday, European Commission President Jean-Claude Juncker warned that there would be consequences for the U.S. if Trump's threat of a 25 percent tariff on steel and 10 percent on aluminium imports takes effect, reports The Guardian. "These companies thrive on the exports of their products".

The European commission president, Jean-Claude Juncker, warned there would be consequences for the USA if Trump's threat of a 25% tariff on steel and 10% on aluminium imports takes effect.

According to news agency Reuters, EU officials began drawing up a list of $3.5 billion-worth (€2.8 billion) of United States goods that would be subject to a 25 percent tariff.

Canada is hoping it will be exempted from the new tarrifs, which also include 10 per cent on aluminum. "It's virtually nothing", the official said.

His company makes mini metal components for industries like health care and aerospace, and he gets material from domestic and global sources.

"So the notion that it would destroy a lot of jobs, raise prices, disrupt things, is wrong", Ross said.

Brussels insisted that its countermeasures would be compatible with World Trade Organization rules and could be implemented quickly, without the need for a drawn-out lawsuit at the WTO in Geneva. "We must do everything to prevent an global trade conflict", Gabriel said.

Republican Sen. Joni Ernst bucked the president Friday, saying she's deeply concerned over the prospects of a trade war affecting Iowa's agricultural industry. In fact, Trump baited his opponents even further when he wrote on Twitter that trade wars are good and easy to win.

Related news:

Hot News

isis-killer-beheading-video-story-top Stock Market Searches For Direction As Traders Decipher Powell Testimony
Mar 05, 2018 - 01:27
Steel was up $2.26, or 5.2 per cent, to $45.77, and AK Steel jumped 45 cents, or 6.5 per cent, to $5.50. The department store operator's shares rose 2.5 percent in premarket trading.

isis-killer-beheading-video-story-top Became known, who became President of Armenia
Mar 04, 2018 - 05:07
He has pledged, among other things, to strive to heal what he sees as serious divisions existing within the Armenian society. Outgoing Sarksyan became president in 2008 and nominated former prime minister Sarkissian to succeed him in January.

isis-killer-beheading-video-story-top Nine men charged in relation to alleged looting incidents in Tallaght
Mar 04, 2018 - 05:06
It said it was not in a position to comment further. "A gang of young men broke in, robbed the store and smashed it up as well". Tallaght has a population of 100,000 people. "The mindless destruction of the shop is an absolute disgrace".

isis-killer-beheading-video-story-top Kelly Again Alters White House Description of Porter Departure
Mar 04, 2018 - 05:06
The White House continually changed its story about what it knew about the accusations against Porter, and when. But Kelly said he had not personally known about accusations against Porter until the afternoon of February 6.

isis-killer-beheading-video-story-top Overzealous Fans Halt Another Elton John Vegas Show
Mar 04, 2018 - 05:05
After the song finished, and the members of the audience had returned to their seats, John came back on stage. He went off mic and clearly mouthed "fuck off" twice and then pushed his hand.

isis-killer-beheading-video-story-top Marine Le Pen Faces Three Years in Prison for Anti-ISIS Tweets
Mar 04, 2018 - 05:03
Her family and political woes aside, these fresh legal challenges could cause the National Front leader further trouble. The former National Front leader claims in the work that he pities his daughter for her electoral loss.

isis-killer-beheading-video-story-top Google Accused in Lawsuit of Excluding White and Asian Men in Hiring
Mar 04, 2018 - 05:03
Wilberg, who spent nine years at Google before he was sacked last November, worked as a YouTube recruiter for four years. California labor law prohibits refusing to hire employees based on characteristics like race or gender.

isis-killer-beheading-video-story-top Kylie Jenner shares first close-up photo of baby daughter Stormi
Mar 04, 2018 - 05:00
Kylie Jenner poses with new infant Stormi in this social media post. "Kylie is one month into being a mom and still loving it". First comes Kylie's pregnancy announcement , then comes a confirmation of her name, and then, what we've all been waiting for.

isis-killer-beheading-video-story-top Steelers Have Met With Louisville QB Lamar Jackson At Combine
Mar 04, 2018 - 04:59
He was a Heisman finalist again this past year as an elusive, one-of-a-kind playmaker. Guess we can end that whole wide receiver debate for Lamar Jackson .

isis-killer-beheading-video-story-top 'Beast from the East': Europe shivers as Siberian blast send temperature crashing
Mar 03, 2018 - 00:31
Two people died of exposure in Poland, while in Lithuania, temperatures dropped to -20 degrees and France saw lows of -10. Emergency shelters have been opened by many authorities to cope with the needs of homeless citizens.

isis-killer-beheading-video-story-top Don't put Man City on pedestal yet - Kompany
Mar 03, 2018 - 00:30
Arsenal have, without question, had a poor season by all measures held by supporters and observers. Who would you like to see as the next Arsenal manager?

isis-killer-beheading-video-story-top Here's The Updated Big Ten Tournament Bracket Heading Into Friday
Mar 03, 2018 - 00:29
Robinson finally gave the Wolverines some breathing room when he made two foul shots with 10.1 seconds left. Jalen Henry scored 14 points and grabbed 15 rebounds for SIUE, which ends its season at 9-21.

isis-killer-beheading-video-story-top Doctors perform brain surgery on wrong patient
Mar 03, 2018 - 00:29
She said four staff - the neurosurgeon, ward nurse, theatre receiving nurse and anaesthetist - had been suspended. The mistake last weekend apparently was caused by a mix-up of the patients' identification tags.

isis-killer-beheading-video-story-top Blizzard Seems to be Teasing Diablo 3 for Nintendo Switch
Mar 03, 2018 - 00:28
The UK games market grew 12.4 percent in 2017 to £5.11 billion, thanks in part to the incredible success of the Nintendo Switch . In a late night post, the studio tweeted out a gif of a Diablo themed night light being "switched" on and off.

isis-killer-beheading-video-story-top Man United defeats Chelsea to claim second place
Mar 03, 2018 - 00:27
"I think that's what me and Antonio will want to show to everyone". "I think he had finished his energy". As reported by Football London , Mourinho praised the Brazilian, who he is a known admirer of.