Largest U.S. business group attacks Trump on tariffs

05 July, 2018, 11:57 | Author: Billie Castillo
  • Flake hits Trump over criticism of EU 'We need our allies with us'

Now, the European Union's threat to tax $300 billion on U.S. exports, which is around a fifth of what the U.S. exports to the world if the United States were to impose taxes on US consumption of European autos and auto parts.

The European Union submitted its formal comments to the United States Department of Commerce in the framework of an on-going investigation on the impact of automotive imports on the USA national security.

U.S. trading partners retaliating against President Donald Trump's trade offensive as have hit back with tariffs on $75 billion in American exports, leaving local companies vulnerable to job losses, a leading business group said Monday. It was not immediately clear what those concerns are. If the US starts taxing Chinese imports Friday, Beijing plans to impose 25 percent tariffs on 545 USA products worth $34 billion a year - from soybeans and lobsters to sport-utility vehicles and whiskey.

The analysis shows how much of each state's exports are threatened by retaliatory tariffs, highlights each state's hardest-hit products, and shows the total number of jobs supported by global trade in each state, illustrating exactly what American families and consumers stand to lose in a potential trade war.

In a push against President Trump's move to increase taxes on imported goods, the nonprofit released a study outlining economies it deems to be the most vulnerable in the event of a trade war. China is expected to strike back with tariffs on a like amount of U.S. exports. The $380 million plant opened in January, days before President Donald Trump levied tariffs on imported washers and some parts.

In 2017, $32.2 billion in goods were exported from SC, according to the International Trade Administration (.pdf).

Sven-Goran Eriksson: Brazil would be easier to beat than Sweden
There were also a number of injuries being assessed at the forRestMix Club. "Sweden don't have a Kane, Sterling or a Neymar". John Stones , Kyle Walker and Raheem Sterling all started for England who were the better side in a fine first-half display.

The EU said the United States motor industry is in good health, but any restrictive duties could undermine that. The EU had calculated that a 25% tariff would have an initial US$13-14 billion negative impact on U.S. gross domestic product with no improvement to its current account balance. Farmers will pay dearly for 25 percent retaliatory tariffs on soybeans, which China plans to impose on Friday.

The EU said the US auto industry is in good health, but any restrictive duties could undermine that trend. He said his administration is eyeing a 20 percent duty, and he suggested that the auto industry is a key target of his trade strategy.

"Economic analysis confirms that an increased tariff on these products will be harmful first and foremost for the USA economy", the letter said.

And it anxious that the stakes are higher with auto tariffs.

GM also warned that the additional auto tariffs - on top of the steel and aluminum tariffs already in place - would at some point trickle down and be felt by customers, affecting demand for new vehicles.



Trump Tells FCC to Deny China Mobile US License
On Monday, the Commerce Department warned the FCC against granting China Mobile's request to offer its services within the U.S. The Chinese spokesperson said that Beijing was well prepared to take the necessary measures if the tariffs came into force.

Salahs belief can spur Liverpool: Klopp
While, his run with the national team also couldn't bear any fruit as Egypt were dumped out in the Group Stages itself. Divock Origi is among twenty-six players to report to Liverpool Melwood training ground on 2nd July 2018.

HNA chairman Wang Jian dies in accident
HNA is best known as the owner of Hainan Airlines Co and for holding stakes in Deutsche Bank AG and Hilton Worldwide Holdings Inc. In 1990, he helped establish Hainan Provincial Airlines Co. and was one of the founders of the group.

Barcelona's Andre Gomes attracting Premier League interest
The remainder of Arsenal's transfer business this summer is likely to rest on the eventual outcome of Aaron Ramsey's contract negotiations.

92-year-old U.S. woman shot her son over care home plans
The Maricopa County Sheriff's office said the woman lived with her son and his girlfriend at the girlfriend's condo. Court documents state that deputies discovered the son's body on the floor with gunshot wounds to the neck and jaw.

Woman's toenails fall off after fish pedicure, researchers say
All seemed fine at first, but a few months later, she noticed her toenails were shedding and separating from her toes. Doctors were able to discover the reason for why this happened, a fish pedicure she received six months prior.

NASA working on quiet supersonic flight
Formerly known as "Low-Flight Flight Demonstrator", the project has been renamed X-59 QueSST. You'd only hear the sonic boom when the shockwaves reach your tiny little ears.

Park wins Women's PGA; Henderson finishes tied for sixth
Kim In-kyung finished tied for eighth at five under par, while Amy Yang and Ko Jin-young finished tied for 11th at four under par. Ryu was able to increase her lead to two shots with a birdie on the same hole, but her tee shot on the 17th went into the water.

Fourth of July festivities and firework shows in the area
San Diego County officials Monday reminded residents to keep a close eye on their dogs during Fourth of July fireworks shows. Fireworks are 4 of July tradition but you need to know your area's laws before you light up the sky for Independence Day.

England sends Colombia home following shoot-out drama
England has ended a drought in World Cup shootouts to beat Colombia 4-3 on penalties and advance to a quarterfinal match against Sweden.