Brent oil briefly hits $65 as production cuts fuel 2019 high
Discount Shoe Company Will Be Closing All Rockford Stores Soon
JPMorgan Unveils First Bank-Backed 'JPM Coin' Cryptocurrency
China trade talks move to higher level as deadline looms
Amazon cancels New York City HQ2 plans
Trump touts economy in spite of ‘unfair’ trade deals
03 July 2018, 06:58 | Joann Bryant
Trump's'America First administration is going to trade war with ChinaMore
TRADE TENSIONS: The European Union on Monday slammed the Trump administration for considering higher tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in us goods.
The Trump tariffs would violate worldwide trade rules, the commission said, adding that European vehicle imports into the United States do not pose a threat to the American automobile industry.
"We should seek free and fair trade, but this is just not the way to do it". "Second, a potential deal to let Chinese telecom company ZTE buy USA tech equipment may ease tensions somewhat over a potential ban on such sales".
Those measures have drawn retaliatory tariffs on billions of dollars of U.S. exports from major trading partners including China, the European Union, Canada and Mexico. Farmers will pay dearly for 25 percent retaliatory tariffs on soybeans, which China plans to impose on Friday.
In a letter to United States authorities, the European Commission, which handles trade policy for the bloc's 28 members, painted a stark picture of what the United States economy would face if Trump followed through on his threat.
President Trump has long threatened to place tariffs on China, arguing that the country steals the intellectual property of tech companies in the USA and as a result should be punished. Trump said, adding that he wants to wait until "after the election". "They send their Mercedes in, we can't send our cars in". But Italy blocked their formal adoption until the migration issue was fully addressed.
The EU responded to the steel and aluminum tariffs with "rebalancing measures" that hit around $3.25 billion worth of American-made products.
Meanwhile, the European Union argued that the US's comparably low auto import tariff was countered by higher rates on other vehicles, such as lorries.
Owing in part to President Donald Trump's tax reform, which cut the corporate tax rate to 21% from 35%, companies listed in the S&P 500 Index boosted stock buybacks, setting a new record for the group during the first quarter.
The Chamber based its state-by-state analysis on data from the US Department of Commerce and government agencies in China, the EU, Mexico, and Canada.
Mr Trump has implemented billions of dollars in tariffs targeted at China, Canada, Mexico and the European Union, saying such moves are needed to offset trade imbalances.
Canada's retaliatory tariffs against American imports, including Florida orange juice, ketchup and bourbon, were due to take effect on July 1.
The EU regards national security arguments as nonsense: In its report, the European Commission warned the U.S. government that the move would be unacceptable.
Kevin Durant re-signs with the Warriors for two years, $61.5M
He erupted for 43 points in Game 3 of the series, which virtually took the fight out of Cleveland. "That was just for the media". A person familiar with the terms says Gay has agreed to a one-year, $10 million deal to be back in silver and black next season.
Your England v Colombia match predictions
England scored eight goals in their opening two matches, beating Tunisia 2-1 with a late Kane goal before thrashing Panama 6-1. In their last major tournament, England suffered an embarrassing elimination at the hands of Iceland in the last 16.
Melania Trump visits Phoenix for migrant children
Chief patrol agent Rodolfo Karisch showed Trump a photo of a six-year-old boy crossing the desert with a coke bottle and a note. Her spokeswoman declined to immediately release details, citing security concerns.
Roger Federer Leaves Nike for Uniqlo
The brand has previously outfitted Novak Djokovic with little success and the two parties parted in 2017. But the good news is that it will come with me at one point. "They are my initials".
12 boys and coach found alive in Thai cave
Many good signs", the football team's head coach Nopparat Khanthavong, 37, told Agence France-Presse ( AFP ) on Sunday, July 1. Relatives pray for missing young soccer team members and their coach in a cave during a rescue operation.