Trump threatens EU with tax on car imports

An employee performs a quality check on a steel slab at the Stelco Holdings plant in Nanticoke

Bush would probably not have been able to win that vote without saying that his promised steel protection was on the way. A trade war is in no one's interests. Example, when we are down $100 billion with a certain country and they get cute, don't trade anymore-we win big. There are even members of the Republican Party who are opposed to the plan.

Their tone hardened after Trump launched a probe in August of whether Beijing improperly pressures companies to hand over technology and in January raised duties on Chinese solar modules and washing machines.

This time, he confirmed that his office will approve an increased tariff of 25 percent on all types of imported steel and a 10 percent tariff on imported aluminum products.

Canada's Prime Minister Justin Trudeau speaks during Question Period in the House of Commons on Parliament Hill in Ottawa, Ontario, Canada, February 28, 2018.

Canada and Germany both termed the tariffs "unacceptable". Trump had won in some of the key swing states like Pennsylvania, Ohio and others in the mid-West in 2016, attracting blue collar segments on promises of reviving the coal and steel industries. Plus, China is only the 10th-largest exporter of steel to the U.S. Canada is the largest - so some may indicate this proposed tariff is a threat against our northern neighbor to cave to U.S. demands in ongoing North American Free Trade Agreement negotiations.

Canberra has sought to be exempt from the hefty tariffs, citing an understanding reached with the US at G20 meetings last year. Here's hoping the latter group recaptures it. If not, perhaps the tanking stock markets will.

European Commission spokesman Alexander Winterstein said the bloc's executive arm will discuss potential countermeasures on Wednesday.

As president-elect, Trump threatened German car makers with a 35 percent tax for "every car that comes to the USA".

European equities followed Asian markets lower on Friday after losses in the U.S. the day before. Jon Corzine compared sharing a media market with Schumer to "sharing a banana with a monkey. take a little bite of it and he will throw his own feces at you".

22 SEC filing shows Icahn sold off his $31.3 million stake in the Manitowoc Company, which is a leading global manufacturer of cranes for heavy construction based in Manitowoc, Wis., according to the company's website. He scowled through most of the event, said Ray James, a writer and producer who served as lead writer.

"I love the president, but people disagree sometimes", Sen.

Trade makes up a smaller share of China's economy than it did a decade ago.

A study funded by steel producers that supported the tariffs found that the tariffs brought back 16,000 steel jobs.

"I don't believe any country in the world is going to retaliate", economist Peter Navarro told Fox Business.

Mark Reuss, global product chief at General Motors, said 90 percent of GM's steel is sourced from the United States. "I would like to convey that to the U.S. when I have an opportunity".

"Despite the fact that Ford buys the vast majority of its steel and aluminium for US production, this action could result in an increase in domestic commodity prices - harming the competitiveness of American manufacturers", Christin Baker, a spokeswoman for Ford Motor Co, said in an email. It pledges to prevent Beijing from disrupting global trade.

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