Follow Naijacrux on twitter .follow us on Twitter www.twitter.com/naijacruxonline, or @naijacruxonline or search for naijacruxonline on twitter!!Like us on facebook .Like us at www.facebook.com/Naijacruxforum.Click Here To Last longer In Bed[Stay amused>>>Donít be a one minute Foul]>>> Love need Tips-See how Here


Author Topic: US President Trump Threatens Trade Action on Steel, Aluminum Imports  (Read 754 times)

0 Members and 1 Guest are viewing this topic.

Offline lindaikeji

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 704
  • Karma: +0/-0
Loading...

U.S. President Donald Trump says he is considering tariffs, quotas, and retaliatory taxes on imports of steel and aluminum from countries such as China, Japan, and South Korea.

The comments came during a wide-ranging trade discussion Tuesday between Trump and a bipartisan group of lawmakers at the White House.

The president said U.S. steel and aluminum industries are being "decimated" by the "dumping" of cheap imports of those materials into U.S. markets.
Trump has long threatened what he calls "reciprocal" trade action to deal with steel, aluminum, and other imports.

But he has so far avoided taking any major steps, ostensibly out of fear of hurting the country's strong economic performance since he took office.

Several lawmakers on Tuesday urged Trump to be cautious when considering retaliatory trade steps, saying such measures could spark a trade war that leads to higher prices for U.S. producers and consumers.

"It's very, very much a double-edged sword," Trump conceded.

"I want to keep prices down, but I also want to make sure that we have a steel industry and an aluminum industry," he added.

The Trump administration is currently renegotiating the North American Free Trade Agreement (NAFTA), as well as the U.S.-Korea Free Trade Agreement with South Korea.

Trump called the U.S.-South Korea deal "very, very bad" and "horrible." He also said Canada has "treated us very, very unfairly."



 

President Jonathan promise to connect 36 states to rail line in Nigeria

Started by mastercode

Replies: 0
Views: 1698
Last post March 22, 2015, 03:47:09 PM
by mastercode
President Buhari orders takeover of management of Nigeria?s airspace from Ghana

Started by admin

Replies: 0
Views: 909
Last post August 09, 2015, 12:28:31 PM
by admin
Auctioneers tell President Buhari to Probe sale of NITEL/MTEL equipments

Started by internet police

Replies: 0
Views: 822
Last post January 09, 2016, 01:28:19 PM
by internet police
Jonathan, Yar?Adua did not build a single road ? Says Vice President Osibajo

Started by admin

Replies: 0
Views: 736
Last post February 27, 2016, 11:03:56 AM
by admin
President Buhari decries influx of foreign construction workers

Started by yungcrux

Replies: 0
Views: 705
Last post November 06, 2015, 08:38:51 PM
by yungcrux
Nigerian Oil cartels resisting change are blackmailing President Buhari - APC

Started by internet police

Replies: 0
Views: 660
Last post January 01, 2016, 11:56:50 PM
by internet police
President Obama takes credit for resurgent US automobile industry

Started by yungcrux

Replies: 0
Views: 579
Last post January 20, 2016, 10:51:39 PM
by yungcrux
President Buhari to launch Abuja-Kaduna rail line in May

Started by admin

Replies: 0
Views: 758
Last post February 19, 2016, 09:52:21 AM
by admin
President Buhari promises improved power supply

Started by mastercode

Replies: 0
Views: 778
Last post June 30, 2015, 01:00:20 PM
by mastercode
OPEC removed Kachikwu as president after two days in office

Started by mastercode

Replies: 0
Views: 738
Last post December 05, 2015, 10:40:01 PM
by mastercode