EU to Trump: 'make trade, not war'

EU to Trump: 'make trade, not war'

The Trump administration is pressing China to cut its trade surplus with the United States by Dollars 100 billion, the White House said Wednesday. The report, citing two sources which had spoken with the Trump administration, dovetails with an article in Politico which described the president's insistence on big tariffs.

The U.S. Trade Representative's office is due to rule on an investigation into China's policies. However, such applications are typically onerous, so many middle-market companies may need assistance from their trade advisors or lawyers. "At the end of the day, the tariff will hit consumers where it matters most, their wallets", says Freedonia analyst Kyle Peters.

Ethan Harris, head of global economics at the Bank of America Merrill Lynch said: "This is not new". For some, the simplest move may be to source USA -manufactured materials instead of imported metals.

The Chinese government said it "firmly opposes" the move but gave no indication whether it might make good on threats to retaliate.

"That is what makes the sound bites of the current US administration so disturbing", said Marietje Schaake of the parliament's ALDE liberal group.

The head of Eurofer, Europe's main steel federation, said Trump's reasons for slapping tariffs on steel and aluminum were an absurdity and that the move could cost tens of thousands of jobs across the continent. Xi then agreed that the Chinese government would no longer use the PLA or other government agencies to steal United States technology.

12 times United was America's most hated airline
It was only a day earlier that dog lovers expressed outrage when a 10-month-old French bulldog died on a Houston to NY flight. Prosecutors said in a statement they won't decide whether or not to press charges until the investigation is completed.

Malmstrom also objected to Trump's claim that the tariffs are needed to protect national security since most European Union nations are allied with the United States in the defense and security North Atlantic Treaty Organisation alliance.

"As the U.S.is hardly a price-maker in the steel market, countries like Singapore are unlikely to see the supply or price of imported steel being affected", Irvin Seah, senior economist at DBS Bank, told the Nikkei Asian Review.

Stefan Koopman, market economist at Rabobank said: "The tariffs are likely to be met with retaliation from USA business partners and completely "miss the point" as China is mostly kept out of range". That would hurt producers but boost profits of construction and other industries in Southeast Asia. The latter is set to take the decision to the World Trade Organization (WTO) and has prepared countermeasures that include imposing tariffs on certain USA products.

Having set new solar-panel tariffs in January, mainly aimed at China, Mr. Trump now plans to impose stiff tariffs on steel and aluminum imports to the U.S.

The Commission's spokesperson for Trade Enrico Brivio told reporters that despite ongoing talks with United States officials, the EU's status as to whether it will be included on the list remains still remains unresolved.

"The president told him it wasn't enough", said a second executive.

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