US holding off on steel and aluminum tariffs decision

The Trump administration has reached agreements-in-principle with Argentina Australia and Brazil according to the White House statement

In response to the Whilte House announcement to extend until June 1 the European Union (EU)'s exemption from USA steel and aluminium tariffs, the EU on Tuesday demanded that Washington grant it permanent exemption, saying that it won't negotiate under threat. The White House said it has come to agreements on permanent exemptions for Brazil, Australia and Argentina, and is still working on negotiations with other countries.

But Canada has argued that it has been supplying metals to the US military for generations, that its imports and exports of steel are balanced, and that it is working with the U.S.to keep over-produced Asian steel out of North America.

Previous temporary tariff exemptions had been scheduled to expire Tuesday but were extended for 30 days while the various bilateral negotiations continue.

"We have large trade deficits with Mexico and Canada".

Some analysts suspect that the Trump trade team hopes to pressure the European Union and others to accept quotas on their steel exports to the United States as the price for having the tariffs lifted.

The 28 nations that make up the bloc serve as the largest single supplier of steel to the US, sending $6.2 billion across the Atlantic previous year. Johnny Isakson, another Georgia Republican, ahead of Mr. Trump's decision in March to impose blanket steel and aluminum tariffs of 25 and 10 percent, respectively, on national security grounds. NAFTA, which is under renegotiation right now, has been a bad deal for United States of America.

"Trump is buying time because he is delaying the decision and for that we don't know whether he is just negotiating or whether he is posturing", Folkert Graafsma, a Brussels-based trade specialist at the law firm VVGB, said in an interview.

UK Defense Ministry Acknowledges Civilian Casualties in Syria Airstrike in March
The latest fighting has displaced around 5,000 civilians from Yarmouk into the neighboring area of Yalda, the United Nations said. Military officials made the announcement Tuesday, saying it's the last step in bringing lasting stability to both Syria and Iraq.

'A Simple Favor': Blake Lively goes missing in first trailer
I'm very sad about that", Reynolds teased. "'Mommy unfollowed Daddy on Instagram , '" he said, imitating his daughter. All this pretty imagery gets interrupted, though, by cop cars, a crash, and the revelation that Emily is missing.

Serena Williams Didn't Think She'd Marry a White Guy
When asked by the publication what message her marriage to Alexis sent, she said: "Oh my God". "And eat cake. Robin, don't be asking me them questions!" she joked, playing coy to GMA's Robin Roberts.

The optimist's view from across the Atlantic maintains that it can't hurt to try.

China welcomes the upcoming visit by a U.S. delegation led by Treasury Secretary Steven Mnuchin slated to arrive here on a two-day visit on Thursday, authorities said on Wednesday.

"I've had many conversations with the president", Trudeau told a news conference in Vancouver, hours before the delay was announced. President Trump responded to the Chinese threat by truly doubling down and doubling potential tariffs on Chinese imports to $100 billion. "But in the end, there is often a solution both sides can live with".

In addition to the metal and aluminum tariffs, the US imposed further tariffs on China to punish it for what the USA says is China's infringement on American mental property.

Trump tweeted Tuesday that there was "great potential" for the USA in addressing the trade disparities with other countries.

Trump has been incredibly vocal that the country's closest allies have done it a disservice in trade. China reacted nearly immediately by putting tariffs on a 128-item list of American exports; the European Union also threatened to put duties on key American exports like Harley-Davidson motorcycles.

Punting on the tariffs could give the administration the time and space to refocus its attention and that of its allies on China.

Related news:

Hot News

Walt Disney Company (NYSE: DIS)
May 03, 2018 - 10:16
Sit Investment, Minnesota-based fund reported 3,175 shares. 125,000 are owned by Gabalex Mngmt Limited Liability Corporation. Finally, Edward Jones lowered Walt Disney from a buy rating to a hold rating in a research report on Friday, December 15th.

isis-killer-beheading-video-story-top Lagos council of NUJ celebrates 2018 World Press Freedom Day
May 03, 2018 - 10:16
The RWB has also urged the new government to take steps to ensure full respect for the "full freedom of the press". Former PPP Senator Farhatullah Babar said that in recent years, a new threat had emerged against journalists.

isis-killer-beheading-video-story-top Tesla cash burn accelerates, prompting record loss
May 03, 2018 - 10:15
For the quarter, the electric auto maker posted an adjusted diluted loss per share loss of $3.35 on revenues of $3.41 billion. Tesla's record-setting revenue notwithstanding, the electric automaker, as anticipated, still lost money for the quarter.

isis-killer-beheading-video-story-top GST collection in April crosses Rs. 1 lakh crore
May 03, 2018 - 10:15
Also, GST officials will start questioning taxpayers after their annual returns if they are lagging in compliance, he added. Out of 19.31 lakh composition dealers, 11.47 lakh have filed quarterly returns, contributing Rs 579 crore to the kitty.

isis-killer-beheading-video-story-top ETA: Basque Separatist Group Disbands After Decades Of Conflict
May 03, 2018 - 10:15
ETA also injured more than 2,600 people, kidnapped 86 and threatened hundreds more, according to the latest government count. In all, the group killed 853 people over four decades, according to a tally by the Spanish interior ministry.

isis-killer-beheading-video-story-top Hawaii lawmakers approve sunscreen ban
May 03, 2018 - 10:13
He found as much as 14,000 tons of sunscreen lotion ends up in coral reefs annually. It would become the first state to enact a ban on the chemicals if Democratic Gov.

isis-killer-beheading-video-story-top Coli outbreak: Now 121 sick in 25 states, first death reported
May 03, 2018 - 10:13
However, this strain can cause infection and symptoms, including severe stomach cramping, vomiting and diarrhea . The CDC updated its numbers on the outbreak Wednesday, revealing that 121 people had gotten sick in 25 states .

isis-killer-beheading-video-story-top Students stage walkouts to promote gun rights
May 03, 2018 - 10:13
But she says Wednesday's Stand For The Second , where students displayed a Trump banner and MAGA hats, was, "blatantly not". Students started calling for tighter gun restrictions in response to the school shootings happening around the country.

isis-killer-beheading-video-story-top Stormy Daniels Attorney Unveils New Evidence in Trump Case
May 03, 2018 - 10:12
Pressed on whether he knew where Cohen got the money to make the payment, he said: "No, I don't know. Asked aboard Air Force One whether he knew about the payment, Mr Trump said flatly: "No".

isis-killer-beheading-video-story-top North and South Korea start to dismantle border speakers, fulfilling summit pledge
May 03, 2018 - 10:11
They had restarted their propaganda warfare in early 2016 when tensions rose sharply after North Korea's fourth nuclear test. It may happen during the summit with Trump, which is planned to take place in three to four weeks.

isis-killer-beheading-video-story-top Lightning strike, top Bruins 4-1, lead series 2-1
May 03, 2018 - 10:10
While he wasn't overly pressed in this game, Vasilevskiy was exactly as good as he needed to be. "That's how we got our chances". Bruins defenseman Zdeno Chara appeared in his 111th playoff game, tying Rick Middleton for fourth place on Boston's career list.

isis-killer-beheading-video-story-top Gunmen Attack Libya's Electoral Commission in Tripoli, Several Injuries
May 03, 2018 - 10:10
The victims included three employees of the commission and four members of local security forces, said Amar. Islamic State claimed responsibility for the attack in a statement on Amaq, its news agency.

isis-killer-beheading-video-story-top Trump lawyer Ty Cobb bows out as Russian Federation probe picks up
May 03, 2018 - 10:10
One of the sources told CNN on Wednesday that Flood was not willing to work with Trump's original lawyer, Marc Kasowitz. This image provided by Williams & Connolly LLP shows attorney Emmet Flood in Washington on December 8, 2015.

isis-killer-beheading-video-story-top China's Xiaomi submits HK filing, with big IPO expected
May 03, 2018 - 10:09
Beijing-based Xiaomi is the world's fourth biggest smartphone maker by shipment volume, according to International Data Corp. Under Lei, Xiaomi is looking to enter developed markets for smartphones as it consolidates its position in emerging markets.

isis-killer-beheading-video-story-top ESPN offering Cowboys TE Jason Witten $4-4.5 million per year
May 03, 2018 - 10:07
The Cowboys did draft a tight end over the weekend, but there's no replacing what Witten brings to the table. He has the second-most receptions by a tight end in National Football League history and fourth-most overall.