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Automakers respond to Trump's proposed steel, aluminum import tariff increases

12 March 2018

Congressional Republicans are maneuvering to stop President Trump from levying harsh tariffs on steel and aluminum imports, arguing the move runs counter to the core of their economic agenda and could even cause political problems heading into the 2018 midterms.

That's because we grow roughly 190,000 tons of almonds in Stanislaus County, and if we can't sell those almonds in places like China, the European Union or Mexico, then we're going to have to eat a lot more of them.

Earlier on Monday, Mr Trump hinted that if the United States achieved a better deal for itself in the North American Free Trade Agreement (Nafta) he would abandon plans for tariffs on U.S. neighbours. If that were to happen, cheese and motorcycles from Ryan's home state of Wisconsin could be the targets.

There has been coordination with the commission, a source said.

The senior White House adviser and presidential son-in-law will be traveling to Mexico City with a delegation that includes staff from the State Department and National Security Council.

Trump raised the stakes by holding the NAFTA talks hostage to the new tariffs - 25 percent on steel and 10 percent on aluminum - as he repeated his claim that NAFTA was a "bad deal" that has taken jobs and companies out of the US.

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Even though many analysts are concerned the tariffs could hurt the economy, others are less anxious, and some believe the plan may simply be a negotiating tool by Trump to get a better trade agreement for the US. "I think what the administration is talking about is to balance out this difference in tariffs to make it more of an equal playing ground for American and European carmakers", he said.

"Outside of the USA the sense that I have at the moment is that people are re-embracing free trade after a bit of a wobble - partly driven by the result of several elections", he told a business conference in Sydney. But real worries of a tit-for-tat trade war remain as this one plays itself out. It did not threaten to ramp up the issue. "China does this with Canada, with Europe, with Australia, with Asian nations".

"The new Fake News narrative is that there is CHAOS in the White House".

British Prime Minister Theresa May raised her "deep concern" about the tariffs in a phone call with Trump on Sunday, her office said.

The White House says Tuesday that the leaders spoke on Monday, and that Trump emphasized his commitment to a North American Free Trade Agreement that is fair to all three countries.

"China is the exact problem", says Zekelman, who employees more than 2,000 people at plants in both the US and Canada. The two countries again stood firm.

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Trump's pronouncement last week that he would impose the tariffs roiled markets and rankled allies. The exact timing was unclear as the tariff documentation had to be drafted and go through a variety of reviews, a process that takes days, an administration official said.

Just last week, US President Donald Trump imposed strict tariffs on steel and aluminium imports into the country. Trump's tweet was evidence of the president's willingness to double down when confronted by trade allies on his protectionist move.

He noted the example of BMW, which sells about 350,000 cars in the US annually, roughly 70 percent of which come from Europe.

26% said they would be a good thing for jobs.

As far as the affect the tariffs will have locally, industries may see a higher demand for aluminum and steel produced in the U.S. This which would in turn drive up the prices for companies making soda cans, cars, or anything with steel or aluminum in it.

Exports - which totaled $172 billion in 2017, 11 percent of the USA total - are a big part of our economy.

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It also put the World Trade Organisation, the body which oversees world trade, in something of a bind. Do we really want to risk seeing NAFTA fall apart?

Automakers respond to Trump's proposed steel, aluminum import tariff increases