Keyword: steel

Brevity: Headers | « Text »
  • China's premier pledges further market opening as talk of trade war mounts (Time to move, Trump)

    03/20/2018 1:15:52 AM PDT · by cba123 · 9 replies
    Reuters ^ | 4 hours ago | By Kevin Yao
    China will open up its economy further, and its door to the outside will only get wider, with foreign and domestic firms allowed to compete on an equal footing, Premier Li Keqiang said at the close the country's annual parliament session on Tuesday. The familiar-sounding pledges from Beijing came as the prospect of a global trade war loomed in the wake of U.S. President Donald Trump imposition of hefty import tariffs on steel and aluminum earlier this month. (please see link, for full article)
  • Trump’s Losing Trade Gambit: The president had to back off new tariffs on Mexico and Canada

    03/19/2018 6:12:39 AM PDT · by reaganaut1 · 22 replies
    Wall Street Journal ^ | March 18, 2018 | Mary Anastasia O’Grady
    President Trump’s practice of staking out extreme positions on trade as a negotiating tactic is a sign of his brilliance. Or so we’re told. But that theory took on water last week, when Mr. Trump had to backtrack on a promise to hit Mexico and Canada with a 25% tariff on steel and a 10% tariff on aluminum, without any concessions from either Mexico City or Ottawa. To understand the change of heart, take the list of products slated for a new Trump tariff on steel and total the value of those same products exported by U.S. producers. You will...
  • Betsy McCaughey Defends Trump’s Tariffs, Badly

    03/17/2018 6:59:32 AM PDT · by SeekAndFind · 13 replies
    National Review ^ | 03/17/2018 | Ramesh Ponnuru
    Nothing in her op-ed strikes so much as a glancing blow at any of the criticisms of the tariffs. In the New York Post, Betsy McCaughey says the steel and aluminum tariffs have come under “an avalanche of false criticism.” Let’s check out her arguments one by one, in order.National security IMcCaughey writes, Tariff-bashers claim in war, the United States could rely on foreign suppliers. That’s ridiculous. Uncle Sam can compel our manufacturers to make defense needs a priority — but not foreign producers. The biggest suppliers targeted by the tariffs are Brazil, South Korea, Russia and Turkey. Should our...
  • Poll: Americans have concerns about new steel and aluminum tariffs

    03/16/2018 6:19:39 AM PDT · by reaganaut1 · 39 replies
    CBS News ^ | March 13, 2018 | Jennifer De Pinto, Fred Backus, Kabir Khanna and Anthony Salvanto
    More Americans overall disapprove than approve of President Donald Trump's import tariffs on steel and aluminum, but Republicans back the president, and they believe the U.S. would come out ahead if a trade war were to ensue. A majority of Democrats and a plurality of independents disapprove of the new tariff measures, while two-thirds of Republicans approve.
  • “We’ve been in a trade war for 30 years”: a former Trump trade adviser explains the case for tariffs

    03/15/2018 8:33:32 PM PDT · by cba123 · 8 replies
    Vox ^ | Mar 15, 2018, 8:10am EDT | By Emily Stewart
    For Dan DiMicco, the former steel executive and trade adviser to Trump who reportedly nearly became United States trade representative, there’s no risk of the president’s recently announced tariffs sparking a trade war — we’ve already been in one for years. The only difference now, he said, is that we’re deciding to fight back. “Don’t tell me about starting a trade war,” he said. “The Chinese have been perpetrating a trade war on us since 1995.” (please see full article at the link)
  • Tariffs: Trump’s Prelude to Ending Unfair Trade Practices

    03/14/2018 7:16:37 PM PDT · by cba123 · 3 replies
    The Epoch Times ^ | March 14, 2018 11:16, Last Updated: March 14, 2018 16:03 | By Emel Akan, The Epoch Times
    President Donald Trump’s new tariffs on imported steel and aluminum look like an effort that goes beyond its stated rationale of preserving national security. The tariffs could be the first of a number of initiatives by the Trump administration to retaliate against unfair foreign trade practices. “We’re going to see who’s treating us fairly, who’s not treating us fairly,” Trump said at the White House on March 8 while rolling out the new trade barriers. Trump signed orders imposing a 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum. However, he has kept the doors...
  • France to sue Google and Apple for 'abusive business practices'

    03/14/2018 10:21:48 PM PDT · by GoldenState_Rose · 8 replies
    EuroNews ^ | March 14, 2018 | Natalie Huet
    French Economy Minister Bruno Le Maire says it's "unacceptable" that Google and Apple unilaterally impose prices and other contractual terms on software developers, and that this is hurting France's startups. Le Maire predicted the tech giants could face sanctions amounting to millions of euros, according to AFP. It’s not the first time the French government clashes with Google. It has repeatedly criticised the company for paying little tax in France by transferring its revenues to a subsidiary in Ireland, where taxes are much lower. Wednesday's move comes amid growing fears of an international trade war pitting the United States against...
  • Republic Steel plans restart of plant, bringing back 1K jobs

    03/14/2018 5:52:05 PM PDT · by Libloather · 36 replies
    Idaho Statesman ^ | 3/10/18 | AP
    LORAIN, OHIO Republic Steel says it plans to restart a northeast Ohio steel plant that could bring back more than 1,000 jobs in response to President Donald Trump's tariffs on steel and aluminum imports. The Elyria Chronicle-Telegram reports Republic Steel announced Thursday that it's "positioned" to restart its Lorain facility in the coming months. Plans include restarting its idled electric arc furnace, casters and rolling mills. The Canton-based company said in a news release that it's ready to respond quickly to increased demand for steel in the U.S. The company says with its open capacity at a melt shop in...
  • Trump is breaking all the rules, and that could be great for America

    03/13/2018 9:34:52 AM PDT · by RoosterRedux · 43 replies ^ | Niall Ferguson
    Here is a man who glories in breaking the rules, because that is how he rules. Notice, too, that in the middle of this comedy routine, Trump revealed exactly what he was planning to do with respect to North Korea. “By the way,” he told his audience, “a couple days ago they said, ‘We would like to talk,’ and I said, ‘So would we, but you have to de-nuke, you have to de-nuke.’ So let’s see what happens. . . . We will be meeting, and we’ll see if anything positive happens.” Not a single news outlet got the joke...
  • US examines Abramovich ties to Kremlin

    12/10/2006 4:38:10 PM PST · by Tailgunner Joe · 3 replies · 324+ views ^ | December 10 2006 | Stephanie Kirchgaessner in Washington and Neil Buckley in Moscow
    US authorities are to examine Roman Abramovich’s ties to the Kremlin as part of a national security review of a $2.3bn (£1.18bn) bid for Oregon Steel by a company controlled by the Russian billionaire. Experts in Washington say the US government panel that reviews foreign deals will scrutinise the proposed takeover, announced last month, more closely if Mr Abramovich is found to be acting with the backing of the Russian government. Mr Abramovich is believed to be close to Vladimir Putin, Russian president. The Russian steel company, Evraz, is controlled by Mr Abramovich and Alexander Abramov, group director. Evraz and...
  • MSNBC’s Velshi Patronizes Steel Worker: ‘You Don’t Want Your Son Being a Steel Worker I Assume’

    03/13/2018 4:14:28 AM PDT · by servo1969 · 62 replies ^ | Cameron Cawthorne
    MSNBC host Ali Velshi patronized a steel worker on his show Friday by making the assumption that he wouldn't want his son to become a steel worker. Scott Sauritch, the president of United Steelworkers Union Local 2227, appeared on the show to discuss his support for President Donald Trump's newly announced tariffs of 25 percent on steel and 10 percent on aluminum imports. "So let me ask you this, Scott. You saw this trend in the 80s. You saw the imported steel was hurting the industry. I guess my question is for steel workers around America as I discussed with...
  • COMMENTARY: The “Trump Miracle” continues to stoke the U.S. economy

    03/11/2018 12:19:40 PM PDT · by bitt · 24 replies
    review journal ^ | 3/11/2018 | Wayne Allyn Root
    I’m the guy who predicted a Trump victory against all odds in the 2016 election. I also predicted a “Trump Miracle” for the economy. Here’s my new prediction: President Trump guaranteed his re-election last week. Liberals must be sick to their stomachs. No matter what they do or say, no matter how hard they try to distract us from the booming economy, the “Trump Miracle” shines through. I was going to write about the Trump administration’s war with California, illegal immigration and liberal politicians serving as “lookouts” for illegal felons. This move is cheered by middle-class Americans sick of being...
  • Trump’s North Korean Talks Linked To Threatened Steel Tariffs?

    03/11/2018 7:47:50 AM PDT · by Kaslin · 7 replies ^ | March 11, 2018 | Dennis Savery
    Why has North Korea’s dictator Kim Jong Un suddenly invited President Trump to talks that include Korean denuclearization?! A Korean nuclear breakthrough may have been achieved— a few days after Trump threatened tariffs on Chinese steel exports. Is there a linkage between Chinese steel and North Korea’s nukes? It's too early to even guess whether U.S.–Korean talks will resolve anything. However, they will bring the United States’ and North Koreas top leaders into direct talks for the first time since the end of Korean War hostilities in 1953. Before Trump even met with China’s President Xi last November, he had...
  • Trump’s Tariffs, Congress’ Cowardice

    03/11/2018 7:30:51 AM PDT · by Kaslin · 7 replies ^ | March 11, 2018 | Paul Jacob
    When President Trump announced he was slapping a 25 percent tariff on imported steel and a 10 percent toll on foreign aluminum, a friend asked me how the president could possibly possess such unilateral authority under our governmental system of checks and balances. That was my first thought, too, before surmising that our über-experienced Congress had again simply handed away its constitutional power, as is its habit, thoughtlessly — like motel matches. Writing in National Review, Jay Cost confirmed my suspicion: “Over the past 80 years, authority over tariffs, as well as over all manner of properly legislative functions,...
  • Macron warns Trump all sides would lose in 'trade war'

    03/10/2018 8:16:56 AM PST · by Olog-hai · 33 replies ^ | 10 March 2018 08:07 CET+01:00 | AFP
    French President Emmanuel Macron on Friday warned his US counterpart Donald Trump against forging ahead with planned tariffs on European steel and aluminium, saying it risked starting a mutually destructive “trade war”. In a telephone call with Trump, the French leader expressed his “deep concerns”, saying the tariffs due to come into effect in two weeks “risk triggering a trade war, in which all affected countries would be losers”, Macron’s office said. He also argued that “such measures against allied countries, who respect international trade rules, would not be effective in fighting unfair practices”, and said the European Union would...
  • Trump’s steel tariffs are hated by almost every US Industry

    03/08/2018 4:00:58 PM PST · by tcrlaf · 98 replies
    MSN/Vox ^ | 3-8-2018 | Alexia Fernández Campbell
    Business leaders from nearly every American industry are furious with President Trump right now. They’ve been pressuring his administration to back off from its plan to add steep tariffs on importedsteel and aluminum, which are used to make everything from cars to boats and even soup cans. But the president has waved off their concerns. On Thursday afternoon, Trump is expected to sign an order directing the Commerce Department to add the 25 percent levy on steel and the 10 percent levy on aluminum. He did say, however, that his administration will exempt Canada and Mexico from the tariffs for...
  • Flake to introduce bill to nullify Trump's tariffs

    03/08/2018 3:40:20 PM PST · by bkopto · 71 replies
    The Hill ^ | 3/8/2018 | jordain carney
    Sen. Jeff Flake (R-Ariz.) said on Thursday that he will introduce legislation to nix President Trump's tariffs on steel and aluminum imports just minutes after they were announced. "I will immediately draft and introduce legislation to nullify these tariffs, and I urge my colleagues to pass it before this exercise in protectionism inflicts any more damage on the economy," Flake said in a statement. Trump announced that he would levy the penalties — a 25 percent tariff for steel and 10 percent on aluminum — during a White House event. Canada and Mexico are exempted amid larger trade negotiations, Trump...
  • Obama’s CIA boss Brennan rips Trump’s ‘ignorance’ and ‘simple minded’ economic policies

    03/07/2018 10:11:12 AM PST · by detective · 87 replies
    The Washington Times ^ | March 7, 2018 | Douglas Ernst
    Former CIA chief John Brennan made a rare appearance on Twitter Wednesday to lash out at President Donald Trump over “ignorance” that threatens U.S. prosperity. The commander in chief’s recent talk of possible steel and aluminum tariffs prompted a social-media jab by Mr. Brennan this week. The post — 1 of 18 total tweets, with the vast majority related to Mr. Trump or the U.S. Russia probe — questioned the president’s economic acumen. “You show an amazing albeit unsurprising ignorance of how technology, automation, and the attendant evolution of economics and societies have transformed the world,” Mr. Brennan, who served...
  • Trump signs tariffs proclamation

    03/08/2018 1:19:21 PM PST · by Lonely Bull · 36 replies
    UPI ^ | March 8, 2018 | Susan McFarland
    March 8 (UPI) -- President Donald Trump on Thursday, joined by steel and aluminum workers at the White House, imposed his promised industrial tariffs -- 25 percent on imported steel and 10 percent on foreign-made aluminum. Trump signed the tariff proclamations Thursday afternoon in a meeting with industry workers and officials -- ushering in fiscal penalties that have drawn ire from world leaders and sparked fears of a possible trade war. "A nation that does not protect property at home cannot protect its property abroad," Trump said. The White House said Canada and Mexico will initially be excluded from the...
  • White House gears up campaigning for PA special election

    03/08/2018 9:08:56 AM PST · by E. Pluribus Unum · 6 replies
    AP via Yahoo! News ^ | March 8, 2018 | Steve Peoples
    GREENSBURG, Pa. (AP) — Fighting to stave off another special election embarrassment, the White House is strengthening its final-days offensive in western Pennsylvania. President Donald Trump has long been scheduled to rally voters on Saturday behind Republican congressional candidate Rick Saccone, a state representative whose underwhelming campaign has some Washington-based Republicans fearing the worst. It will be the president's second visit to the district on Saccone's behalf. Daughter Ivanka Trump appeared with Saccone in a separate visit last month as well and praised him as "a champion" for Republican priorities. The national GOP confirmed late Wednesday that Trump counselor Kellyanne...