Australia supermarket bans sewing needles amid strawberry panic
Dow Jones hits record high of 26,654.19
India Will Import Iranian Oil; In Talks With EU Over Payment Option
US oil prices surge as inventory draw adds to supply concerns
Oil cartel backs Iran in face of looming USA sanctions
Turnbull government opens door to supporting WTO action against Trump
12 March 2018, 10:01 | Joann Bryant
European Union nations will be taxed under the new tariffs, according to the latest negotiation between EU Trade Commissioner Cecilia Malmstroem and US representatives. But the bigger problem is the USA protectionist move is not confined to steel and aluminum.
Trump first drew the link between the metals tariffs and NAFTA on Monday in a Twitter message. If the European Union is unable to secure an exemption, there are fears that it could lead for a "tit for tat" trade war between the two close allies.
"Working very quickly on a security agreement so we don't have to impose steel or aluminium tariffs on our ally, the great nation of Australia!" And so, a reckless combination of state ownership and massive government funding has led to a glut of steel being continually shipped to the USA - and often at below the cost of production.
Fredrik Erixon and Hanna Deringer are director and policy analyst, respectively, at the European Centre for International Political Economy (ECIPE), a policy research think tank dedicated to trade policy and other international economic policy issues of importance to Europe.
Even before entering politics, Trump the businessman and real estate developer railed against what he viewed as unfair trade practices that left the United States economy and American workers vulnerable.
The Moon Jae-in government vows to persuade the Trump administration to give an exemption to Korea as it did to Canada, Mexico and Australia.
If ever we needed a further example of why the United Kingdom should get out of the EU and its pernicious Customs Union, this looming trade war is it. After a meeting with Lighthizer over the weekend Cecilia Malmström, the European Union's top trade official, said there was still "no immediate clarity on the exact USA procedure for exemption", so the discussions will continue this week. NAFTA's legal structure, which offers its members tariff-free access to each other's markets, was a major complication in applying the tariffs to Canada and Mexico, according to a prominent Washington trade lobbyist, who spoke on condition of anonymity due to the sensitivity of the matter.
The two also met with Japan's Minister of Economy, Trade and Industry of Japan Hiroshige Seko, and all three pledged in a statement afterward to work together to fight dumping that hurts jobs and industries around the world. "So nobody owes him anything, and that makes it a lot easier for them to retaliate". Agricultural groups express alarm that their products are likely to be hard hit by retaliatory actions, while automobile manufacturers and companies that rely on aluminum cans - for beer and soup, for example - have warned the tariffs will raise costs for consumers. President Trump doesn't believe they should pay no price if they refuse. And yet they send their cars and everything else back into the USA, he said. It agrees with ACC that the tariffs will be harmful to competitiveness.
Current and former White House officials often describe the president as being preoccupied with keeping campaign promises to his loyal supporters, even if those decisions are unpopular with a broader swath of Americans.
Dolphins plan to move on from Ndamukong Suh
Suh will now become a free agent and teams can decide if his talent is worth adding, despite some sketchy on-field incidents. By designating Suh as a post-June 1 release, the Dolphins can save about $17 million against the cap.
Xbox One to get FreeSync support
Some of the highlights from the Inside Xbox episode featured the latest updates coming to Xbox One now and later this Spring. By introducing this feature, Microsoft is removing a pain point for anyone who uses their TV for gaming and watching movies.
NC man arrested in connection 32-year-old cold case murder
Authorities have started proceedings to have Hand brought to MA for prosecution in relation to Gilpin's death, the release states. The much-welcomed news of an arrest in the case leaves us cautiously optimistic that justice for Tracy is within reach.
MIT Researchers: 'Lies Spread Faster Than Truth'
Fake political news was especially viral; it reached over 20,000 people faster than what other false news categories could do. Aral and his team were stunned by how much faster fake news stories proliferated through the vast social media network.
Tomb Raider 1, 2 and 3 Getting FREE Remasters on Steam
For now, RealtechVR has finished the remasters for " Tomb Raider 1" and " Tomb Raider 2", and is now working on the third game. The DOS version will also be essential to run the game, as the remaster is essentially a mod added on to it.
Teen killed, woman injured in Austin package bomb explosion
Manley said both packages were sent to homes of black residents, "so we can not rule out that hate crime is at the core of this". Authorities said that the incident was similar to a package explosion on March 2 that killed a 39-year-old man in Austin.
Man Utd Midfielder Michael Carrick Confirms Retirement
Manchester United captain Michael Carrick has officially confirmed that he will not play for Manchester United beyond this season. He added: "It's kind of been sorted out, but we're still talking about it so there is nothing to totally confirm yet".