Global

US economy adds 223000 jobs, after Trump tweets controversial preview

US economy adds 223000 jobs, after Trump tweets controversial preview

Germany's steel industry association said justifying USA steel tariffs based on national security concerns is "grotesque", after the us announced it was moving ahead with 25 percent tariffs on steel imports from the European Union.

He also told French President Emmanuel Macron of the need to "rebalance trade with Europe", the White House said. The EU also started the process of filing a complaint with the World Trade Organization.

The EU's trade chief, Cecilia Malmstrom, said that the US decision to impose tariffs "is further weakening the Trans-Atlantic relations".

"Any government that embarks on a protectionist path inflicts the most damage on itself", he added. "This is exactly what happened in the 1930s".

Trump's move makes good on his campaign vows to crack down on trading partners that he claims exploit poorly negotiated trade agreements to run up big trade surpluses with the United States.

In March, Trump imposed a 25 per cent tariff on steel imports and a 10 per cent tariff on aluminuum, but granted temporary exemptions to the EU, Canada, Mexico, Brazil, Australia and Argentina.

However, the Canadian lumber industry has been less damaged than had been anticipated as duties imposed by the US government have been passed on to USA consumers in the form of higher prices. Trade war fears drove Chinese shares lower on Friday.

Speaking after the meeting, Le Maire said the European Union was poised to take counter-measures against the new US tariffs.

Canada has crafted a retaliation plan that would involve USA steel and aluminum and other politically sensitive products, sources briefed on Ottawa's strategy said. And last week, he ordered an investigation into auto imports to the United States that could lead to 25-per-cent tariffs on cars and trucks, which would disproportionately hit Canada; about 80 per cent of Canadian-made vehicles are for the USA market.

During a conference call early Thursday, Ross shrugged off questions about the US facing possible retaliation, or whether the move would negatively affect the G7 meeting.

But the NAFTA talks sputtered anyway, and the Trump administration imposed the tariffs at midnight Thursday.

Other countries, including Japan, America's closest ally in Asia, are already paying the tariffs.

Company pulls video game that lets players shoot up school
In a statement , Valve accused the video game maker of being a troll who has been kicked off the Steam site before. Elsewhere, an online petition urging Valve not to release the "horrific" game attracted almost 200,000 signatures.

She said that the tariffs have got nothing to do with national security.

This includes "motorcycles. of a cylinder capacity above 800 cc", - targeting Harley-Davidson, which assembles in Wisconsin, the home state of House Speaker Paul Ryan, as well as bourbon whiskey, aimed at Senate Majority Leader Mitch McConnell from Kentucky.

The tariffs, set to take effect at midnight, happened to coincide with the Cansec trade show, in which numerous world's largest defence companies descend on Ottawa each year to pitch their wares to government.

He added that it was too early to speculate on the likely impact on jobs, but said: "At worst, we could fall straight back into the crisis we suffered in 2015/16, which was the worst steel crisis in a generation".

"We are heading for a trade war, which is going to be all losers - there will be no winners".

Washington and Beijing have threatened tit-for-tat tariffs on goods worth up to $150 billion each.

Canadian Prime Minister Justin Trudeau said the Trump administration's argument that the tariffs were necessary for national security reasons was an "affront" to Canada, which has fought alongside the U.S.in numerous armed conflicts.

Tariff exemptions continue to apply to Argentina, Brazil, and Australia, which have all agreed to restrict exports of steel and aluminum to the United States. But the NAFTA talks stalled.

As reported by NPR, the trade commissioner said while the European Union does not intend to escalate any situation, not responding would indicate that the European Union is willing to accept the tariffs, which they consider is "illegal".

"This is the strongest trade action Canada has taken in the post-war era", Foreign Affairs Minister Chrystia Freeland told a news conference Thursday. But the two sides could not reach an agreement.

"Even if the United States were to levy a 25 per cent tariff on vehicle imports from the EU, the direct damage to be shared largely between U.S. consumers and EU exporters would be equivalent to 0.08 per cent of EU GDP", he calculated. But companies in the US that use imported steel will face higher costs.

And the tariffs will allow domestic steel and aluminum producers to raise prices, squeezing companies - from automakers to can producers - that buy those metals.


  • Netanyahu Kicks Against Iran's Planned Military Presence In Syria

    Netanyahu Kicks Against Iran's Planned Military Presence In Syria

    Syrian state media did not report an attack on Wednesday. "We have one option, to live with each other as Syrians ". Assad, echoing Russian Federation from earlier in the week, said the United States must exit the war-torn country.

    Commerce Secretary Ross Brings EU to the Negotiating Table with Tariff Threats

    Last week, Trump ordered the Commerce Department to conduct a national security investigation into foreign auto imports. Last year, almost 50 percent of U.S steel and aluminum imports in 2017 came from the EU Canada and Mexico.
    Barcelona's Lionel Messi would swap club title for Argentina World Cup success

    Barcelona's Lionel Messi would swap club title for Argentina World Cup success

    The Argentina superstar will be 35 by the time the 2022 World Cup finals in Qatar gets underway and may not be as effective then as he is now.
  • Forget China: US jumps headlong into trade war with allies

    Forget China: US jumps headlong into trade war with allies

    The Dow Jones Industrial Average lost 1 percent and the S&P 500 shed 0.69 percent. It has demanded permanent exemption from any new tariffs .

    Facebook to pull plug on 'Trending' topics feature

    In its announcement on Friday (June 1), Facebook said the section was driving only marginal traffic to news publishers. First came a report that its human editors were biased against conservatives.
    North Korea official in U.S.  for talks on summit, differences remain

    North Korea official in U.S. for talks on summit, differences remain

    The last step alone would take a decade, meaning a total of more than 15 years. Kim Yong Chol and Mike Pompeo meet in NY .
  • Mandatory evacuations as Hawaii eruption continues

    Mandatory evacuations as Hawaii eruption continues

    The Kilauea volcano's massive eruptions of lava have also left many cut off and trapped as it threatens to block escape routes. The lava that is now coming to the surface is the hottest and most fluid to date.

    Manchester United trigger Diogo Dalot's €20 million release clause

    A naturally right-footed player, Dalot has shown his versatility by also playing on the left side throughout his Porto career. The teenager has been described as a modern full-back who is comfortable in attack, with good delivery and an eye for goal .
    Japanese TV show to reveal Pokemon news that will shock the world

    Japanese TV show to reveal Pokemon news that will shock the world

    The new games (there's a Pikachu version and an Eevee version) are remakes of Pokemon Yellow geared specifically for casual fans. It looks like you don't battle wild Pokemon any more, since the battle prompt in the menu has been replaced with "Get Ready".
  • Taliban Leaders Killed in US Operation

    Taliban Leaders Killed in US Operation

    The Islamic State of Iraq and the Levant ( ISIL , also known as ISIS ) group claimed responsibility for the attack. The South Asia strategy in Afghanistan has spawned intensified dialogue and a drop in Taliban violence, Army Gen.
    Capitals draw 14,485 for Game 2 watch party of Stanley Cup Final

    Capitals draw 14,485 for Game 2 watch party of Stanley Cup Final

    It very almost , did as the Knights tried to go tic-tac-toe between the boards, Cody Eakin and Alex Tuch . Prior to game one, Fleury had only allowed 27 goals in 15 games, including four shutouts.
    Priyanka Chopra and Nick Jonas are the new hot couple in town

    Priyanka Chopra and Nick Jonas are the new hot couple in town

    In the photos that are going viral, Priyanka is seen in the arms of Nick nearly cuddling as the sun kisses them. And as unusual as it sounds but we couldn't have planned it.