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Trump threatens China, South Korea

Trump threatens China, South Korea”

Trump told the group that his measures to keep the trade in check would be in form of quotas and tariffs.

Trump now has until around April 11 to decide whether to impose steel import curbs and April 20 to decide on aluminum restrictions.

The administration has another two months to decide on possible retaliatory action.

The US Commerce Department has been conducting special probes into whether restrictions on steel and aluminium imports are necessary to protect national security.

The U.S. report also listed Russia, Iran and North Korea as posing major cyber threats.

The other countries involved in the US probe are Canada, Greece, India, South Korea and Turkey, who are suspected of dumping large-diameter welded pipe into the USA market.

What Trump really meant by the reciprocal tax is ambiguous. "It's not used very often because it can do as much damage as it can good".

Republican Senator Pat Toomey, who represents Pennsylvania - a state with storied connection to the USA steel industry - told Trump the tariffs could "invite retaliation" and would be hard to justify on national security grounds.

Trump responded that the number would go up as the USA increases defense spending in coming years.

More news: Mazor Robotics Ltd - (MZOR) Receives Average Recommendation of "Hold" from Brokerages

Chinese state media has consistently reported that US-China relations have improved under the Trump presidency, to the bewilderment of many in Washington who note that Trump's stated policy positions are significantly more hawkish than previous administrations on a range of issues. He said that "already General Motors is coming back into Detroit". "But nothing worked for Bush".

Trump reiterated his approach toward trade on Monday. By putting tariffs on imports, it effectively raises the price of imports so that domestic steel and aluminum producers aren't being undercut.

Gary Peters was at the White House meeting today; he told the president he wants to make sure any actions he takes protects automaker jobs in MI.

Last summer, Molson Coors Brewing Co. warned that consumers may have to pay higher beer prices if Trump imposes duties making it more expensive to procure aluminum. The meeting comes a month after the Commerce Department handed him the results of its probe into steel and aluminum imports, giving him 90 days to respond.

The US is the world's biggest steel importer, buying almost 40 percent of shipments from Canada, Brazil and South Korea. "In a statement, the Senator said he was pleased with how the meeting went today, and he will continue to push the president to do more to enforce our trade laws".

Trump said on Monday that he would soon announce a "reciprocal tax"-a tax on imports from other countries at the same rates those countries impose on US products".

"We made a much better solar panel, but we couldn't compete", Trump said.

"I think we should have a reciprocal tax". We have rebuilt countries massively. And when they sell to us, zero, we charge them zero.



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