Trump's economic adviser quits over tariffs

11 Marcha, 2018, 00:26 | Author: Arnold Perez
  • After tariff fight loss, Trump economic adviser Cohn quits

Donald Trump is hosting a meeting today, which, according to a White House spokesperson, has been set "to discuss violent video-game exposure and the correlation to aggression and desensitization in children".

Trump also said the White House is working to ban "bump stocks" and said efforts to enhance background checks are "moving along well" in Congress. "Now that he's out, the question is who takes over that mantle", said financial firm Capital Alpha Partners analyst Ian Katz in a late research note. It's hard to see how the conclusion of a new NAFTA deal would alter the security situation, suggesting the president's linkage between an exception for Canada and Mexico and the conclusion of a renegotiated NAFTA agreement has little to do with national security and more to do with leverage and protectionism. Arconic, a spinoff of Alcoa, has production operations in Cleveland. The company did not return the BBC's request for comment on the meeting.

Within minutes of Trump's announcement, U.S. Republican Senator Jeff Flake, a critic of the president, said he would introduce a bill to nullify the tariffs.

Brazil, which after Canada is the biggest steel supplier to the USA market, said it wanted to join the list. He is hopeful that tariffs will lead to USW members at those facilities, and at other plants throughout the country, returning to work.

Peter Navarro, Trump's trade and manufacturing adviser, said in an interview on Fox Business on Wednesday that the tariffs would go into effect within about 15 to 30 days and that the proclamation signed by the president would include a clause that would not immediately impose tariffs on Canada and Mexico. He says they risk undermining the US economy, including manufacturers in his state. China, Germany, Brazil, etc. specifically make steel to export - not for their own use.

Europe's main steel federation said Trump's reasons for slapping tariffs on steel and aluminum are absurd and warned that the move could cost tens of thousands of jobs across the continent. A White House official said Trump was referencing an ongoing investigation of China in which the USA trade representative is studying whether Chinese intellectual property rules are "unreasonable or discriminatory" to American business.

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They can do whatever they'd like, but if they do that, we put 25% tax on their cars, and believe me, they won't be doing it long, Trump said.

"The U.S. steel industry has been deluged for 40 years with these illegal imports of steel", Gallagher said. "Steel is steel. If you don't have steel, you don't have a country".

The administration clarified this week that Canada, where the US gets most of its steel, would be exempt, as would Mexico. Chief Cabinet Secretary Yoshihide Suga told a news conference that Japan's steel and aluminum shipments posed no threat to USA national security.

"The President wants to continue the conversation on every different area that we can to help promote school safety".

The Foreign Trade Zone community is clearly integrated into - and depends - on global supply and value chains. Also, our national security interests are inextricably intertwined with a unique defense and intelligence relationship.

Today, more than two-thirds of US homes (67%) have a video game device, according to the ESA. He'll likely need to carry those states again if he hopes to win re-election in 2020.

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