Donald Trump praises United States military sales in talks with Saudi crown prince
USA police officer charged with murder of Australian woman
Trump's China tariffs could hurt Walmart, Best Buy
Officials investigate another package explosion in Texas
GOP Lawmakers Voice Little Support For Trump's Tariffs
11 March 2018, 12:55 | Bernice Figueroa
Trump's party desperately tries to talk him off trade war ledge
Outgoing Sen. Jeff Flake is among more than a 100 Republican members of Congress who unsuccessfully urged President Trump to reconsider the broad levies on steel and aluminum imports.
House Speaker Paul Ryan released a statement following the tariff announcement that included no mention of any legislative effort or remedy. The president said USA political leaders preceding him had allowed the decline of manufacturing in the nation, and cited a protectionist predecessor, President William McKinley, in defense of the tariffs.
As the president dug in on his position, any potential compromise with foreign trading partners and Republican lawmakers was expected to still include some form of tariffs.
However, he did applaud the president for recognizing that foreign trade abusers need to be held accountable. "We're going to continue to have one, but that doesn't mean we have to agree on everything".
The president announced a 10 percent tax on imported aluminum and a 25 percent tax on imported steel, carving out exceptions for imports from Canada and Mexico.
The people briefed on the plans said all countries affected by the tariffs would be invited to negotiate with the Trump administration to be exempted from the tariffs if they can address the threat their exports pose to USA manufacturers.
The White House said Wednesday that Mexico, Canada and other countries may be spared from tariffs under national security "carve-outs".
"I'll have a right to go up or down depending on the country", he said.
The tariff proclamation excludes Canada and Mexico and leaves the door open to sparing other countries on the basis of national security.
Countries could challenge Trump's action in the World Trade Organization, putting this worldwide forum in the uncomfortable position of determining what is in the "essential security interests" of the US, in accordance with an existing agreement on tariffs and trade.
Even if there is an initial victory from a friendly court to stay Trump's tariffs, a case would face hard appeals, according to Mark Warner, a Toronto-based trade lawyer with MAAW Law who practices in the USA and Canada.
But the president says, "We're going to be very flexible". Indeed, he said, Canada is probably already drawing up lists of US products to tax in retaliation. The people spoke on condition of anonymity ahead of the president's signing of the orders. And like the president, Republicans are making political calculations in doing so. In public and in private, Trump still speaks frequently of his victories 16 months ago in Democratic-leaning states like Pennsylvania, Wisconsin and MI, where working-class white voters helped propel him to victory.
"I'm disappointed because we just passed a tax bill and this kind of flies in the face of that".
Trump threatened to tax European cars if the EU boosts tariffs on American products in response to his plan.
SFIO summons ICICI CEO, Axis Bank MD
The fraud was allegedly perpetrated by billionaire jeweller Nirav Modi and his uncle Mehul Choksi, the promoter of Gitanjali Gems. The initial probe by investigating agencies has revealed that about 30 banks had discounted the bills based on PNB LOUs.
New Toyota Auris unveiled in Geneva
The Japanese company is the world's third largest vehicle manufacturer but it has always struggled to match that impact in Europe. Last year, almost 15 percent of Toyota's sales in Europe were from diesel vehicles, down from 30 percent in 2012.
Bannon endorses goals of French far-right party
He has understood like Trump, Matteo Salvini and Marine Le Pen the wish of the people to control their own destiny", he tweeted. She bowed out of politics after her aunt's presidential defeat, but is expected to come back in a new role.
France to set legal age of sexual consent at 15
President Emmanuel Macron met his future wife, Brigitte, when he was around 14 and she was 38 and a teacher at his school. Sentences are the same for sexual assaults of minors and non-minors, but rape convictions carry much harsher punishments.