President Trump threatens to impose tariffs on cars imported from the EU

US says time running short for NAFTA talks, floats bilateral deals

Trump is expected to sign a formal order for the tariffs in the coming week or the following week at the latest, after all legalities are finalized, Navarro said.

May's office says she "raised our deep concern at the president's forthcoming announcement on steel and aluminum tariffs, noting that multilateral action was the only way to resolve the problem of global overcapacity".

Democratic senators in Pennsylvania and Ohio - America's Rust Belt where thousands of manufacturing jobs have been lost in recent decades - applauded the impending tariffs.

"When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win". For developers of solar-panel farms, steel is used for poles and racking. His words sent U.S. -based producers rallying but could hurt companies that ship steel and aluminum from Canada, including Rio Tinto Group and Stelco Holdings Inc., without an exemption.

Despite the Mr Trump's and Mr Navarro's comments, the president has shown in his tumultuous first year in the White House he can swiftly change his mind on major issues. CEO Mike Bless said that a mix of tariffs and quotas would allow the company to bring back 350 jobs and 150,000 metric tons of annual production.

The US president - in his usual form - has also been unafraid to take swipes at Theresa May on Twitter (albeit the wrong Theresa May).

Mr Navarro said the tariffs were necessary for America's steel and aluminium industries to survive.

To apply these tariffs, the U.S.is invoking a rarely used clause in a 1962 trade law that allows the president to declare tariffs if required by national security.

"We will put tariffs on Harley-Davidson, on bourbon and on blue jeans - Levi's", European Commission President Jean-Claude Juncker told German television.

And demand for metallurgical coal - used in steelmaking - may see a double-digit percentage increase if Trump's tariffs succeed in boosting U.S. steel output to at least 80 percent of capacity, said Clarksons Platou Securities analyst Jeremy Sussman.

The Conservative leader said firms would understand that the sums of money involved and the importance of financial stability meant a deal would be struck "on the basis of recognised regulatory standards". If Canada is not excluded, it will be important for the Trudeau government to act fast to show Trump there will be serious costs to U.S. consumers.

"We are watching this matter closely", Hershey spokesman Jeff Beckman said in an email.

That kind of dollar strength makes the economy weak. Never mind that the top four steel exporters to the U.S. are our neighbors (Canada at No. 1; and Mexico, No. 4) and allies Brazil and South Korea. "Aluminum wheels, for example, and beverage cans and all these kinds of things are going to be addressed by the tariff".

Safeguard measures, last deployed by Europe in 2002 after then US President George W Bush imposed steel import duties, would be designed to guard against steel and aluminium being diverted to Europe from elsewhere if US tariffs come in.

Trump is nearly alone now. "Trump totally dominates the discussion, leaving the prime minister with five or 10 seconds to speak before he interrupts and launches into another monologue", the insider told Bloomberg.

"We held frank conversations", a White House spokeswoman said.

The protectionist policy will be made official in the next two weeks, White House officials said Sunday, as the administration defended the decision from critics in Washington and overseas.

China, which Trump frequently accuses of unfair trade practices, earlier called for restraint.

Nouvelles connexes:

Nouvelles chaudes

isis-killer-beheading-video-story-top Trump threatens EU with tax on car imports
Mar 04, 2018 - 16:40
Canberra has sought to be exempt from the hefty tariffs, citing an understanding reached with the US at G20 meetings last year. Bush would probably not have been able to win that vote without saying that his promised steel protection was on the way.

isis-killer-beheading-video-story-top Galaxy S9 ou iPhone X
Mar 03, 2018 - 15:31
En outre, le Galaxy S9 intègre un capteur de 16MPixels tandis que le Galaxy S9 + est doté d'un double capteur photo de 16MPixels. Mais au contraire des AR Emoji , on sent que cette option va plaire aux Français, peu réputés pour leur qualités de polyglotte.

isis-killer-beheading-video-story-top Toyota: US tariffs will 'substantially' increase car prices
Mar 03, 2018 - 03:52
The list and the other possible measures will be discussed at the next commissioners meeting, on Wednesday (7 March). Sarah Huckabee Sanders said Friday that the "president is still focused on long term economic fundamentals".

isis-killer-beheading-video-story-top Ice Hockey: Russia v Germany for gold, who would have thought?
Fév 25, 2018 - 18:19
They have been on a tear since dropping their first game of the Olympics to Slovakia, outscoring their next four opponents 21-3. Sweden, skipped by Niklas Edin, proved it was one of the top teams in the Olympic field early in round robin play.

isis-killer-beheading-video-story-top Shooting survivors become advocates for stronger gun laws
Fév 25, 2018 - 13:18
Being pro-active matters, she added. "He seemed to be doing better", Mr Lewis said. "We will make this a top priority". Cruz also had been expelled from the high school for an undisclosed reason, Broward County Sheriff Scott Israel said.

isis-killer-beheading-video-story-top US defeats neighbors in women's hockey, curling — Woe Canada
Fév 23, 2018 - 01:48
Following Lamoureux-Davidson's epic goal, U.S.A's Maddie Rooney stoned Meghan Agosta on the ensuing shot to secure the gold. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text.

isis-killer-beheading-video-story-top Health care plan — Christensen letter
Fév 22, 2018 - 19:56
They want Obamacare gone. "In fact, an argument can be made that they will complement and extend the life of the ACA plans". Without it, its primary policy goals could be defined as expanding insurance coverage and reducing uncompensated care.

Who is Nikolas Cruz — Florida school shooting
Fév 22, 2018 - 01:03
Witnesses say Cruz took an Uber to his former school and walked inside carrying a black duffle bag and a black backpack. Some of the mourners wept as the names of the 13 students and three adult victims' names were read aloud.

isis-killer-beheading-video-story-top Dominique Bussereau quitte Les Républicains — Affaire Wauquiez
Fév 22, 2018 - 00:56
C'est une très bonne chose car on préfère nettement être jugé par la justice que par Laurent Wauquiez . Ensuite, je ne l'ai pas laissé en placer une ", se serait vanté l'ancien président à ses proches.

isis-killer-beheading-video-story-top Arsene Wenger cautious over comparing Pierre-Emerick Aubameyang with Thierry Henry
Fév 16, 2018 - 05:39
Wenger seems delighted with the way his new signing has begun, Mirror reported. "The gap is not massive but it will be tough". It comes as no surprise that Henrikh Mkhitaryan and Jose Mourinho didn't have the greatest relationship.

isis-killer-beheading-video-story-top Baccalauréat 2021 : en terminale, 3 écrits et un grand oral
Fév 15, 2018 - 21:47
C'est le sens des deux épreuves écrites qui seront organisées nationalement au printemps, avant ou après les vacances de Pâques. Ils devront passer un test de positionnement en français et en mathématiques afin d'évaluer leurs compétences.

isis-killer-beheading-video-story-top Winter Olympics 2018 opening ceremony - STUNNING pictures from Pyeongchang historic event
Fév 11, 2018 - 14:27
However, Pence could not avoid being seated close to both Kim Yong-nam and Kim Yo-jong in the VIP box at the Opening Ceremony. Russia's athletes entered Friday's ceremony behind a neutral flag after their team was suspended over a doping scandal.

isis-killer-beheading-video-story-top EPL: Mkhitaryan gives reasons Wenger is a better coach than Mourinho
Fév 11, 2018 - 04:11
Liverpool were expected to move for the 22-year-old in January following the sale of Philippe Coutinho to Barcelona for £142m. His finish against Everton was brilliant. "(By the end of the week) he had a good session", the Arsenal manager explained.

isis-killer-beheading-video-story-top Profite d'un rebond après l'envolée des indices US — Marché
Fév 10, 2018 - 01:27
À Paris, le CAC 40 gagne 0,4% à 5.182,47 points vers 09h00 GMT, après quatre séances de baisse qui l'ont fait reculer de 5,75%. Il n'y a pas de véritables catalyseurs particuliers à l'origine de la baisse de 4 % du S & P 500 hier.

isis-killer-beheading-video-story-top Wall Street bounces after another volatile day, global markets stabilize
Fév 08, 2018 - 20:57
The Dow dropped as much as 680 points on Thursday as investors focused on concerns about inflation and higher interest rates. Today's market doesn't even remotely compare to the most memorable stock market bubble in recent times: 1999's dot-com craze.