Commerce Department Offers Trump Ammunition for His Trade War

White House Holds Meeting to Discuss Aluminum and Steel Trade Actions

White House Holds Meeting to Discuss Aluminum and Steel Trade Actions

Meanwhile, growth of US exports to the region has been the slowest among all of the bloc's major trading partners.

Ross presented three options on aluminum, as well. And the kind of sanctions Ross is recommending will cause major conniption fits in Republican and business circles, in part due to their potential effect on companies and products utilizing imported steel and aluminum, but mostly because of the potential for retaliation by affected countries, especially China.

Trump has until April 11 to accept or reject Ross's recommendations, and you can expect the mother of all internal lobbying fights over the issue between now and then.

Other options would impose either high tariffs or quotas on steel and aluminum imports.

Each of these remedies is meant to increase domestic steel production from its present 73% of capacity to approximately an 80% operating rate, the minimum rate needed for the long-term viability of the industry.

Each of the three proposals is meant to raise production of aluminum from the present 48% average capacity to 80%, a level that would provide the industry with long-term viability.

In each case "the imports threaten to impair our national security", Ross told reporters in a conference call about the so-called Section 232 investigation.

What direct rule in Northern Ireland means for the UK
The DUP has revealed that there was "no current prospect" of an agreement, bringing Wednesday's discussion to an end. Mr Campbell said the DUP called a halt to talks due to the need to pass a budget for the next financial year.

Another is a tariff of at least 53 percent on all imports from 12 countries including China, South Korea, Thailand and Vietnam.

A quota on all steel products from all countries equal to 63% of each country's 2017 exports to the United States.

The third involves a tariff of 23.6 percent on all products from China, Hong Kong, Russia, Venezuela and Vietnam, while all the other countries would be subject to quotas equal to 100 percent of their 2017 exports to the United States.

On Wall Street, investors reacted by buying the stock of companies that make steel and aluminum.

Among its key findings, the report found that the United States is the world's largest importer of steel - with imports almost four times greater than its exports. These investigations were carried out under Section 232 of the Trade Expansion Act of 1962, as amended.

They also say that imposing sanctions on imports will drive up prices and hurt automakers and other companies that use steel or aluminum. It said its members employ 1 million workers in America, compared to 80,000 employed in the steel industry.

Recommended News

  • Tiger Woods tames wayward driver ahead of PGA return to Riviera

    Tiger Woods tames wayward driver ahead of PGA return to Riviera

    Fleetwood, who enters the week ranked No. 13 in the world, has taken up Tour membership this year. He last played Riviera in 2006 when he withdrew after making the cut because of the flu.
    Map: Here's how much snow MA  could get on Saturday

    Map: Here's how much snow MA could get on Saturday

    More rain could come on Monday , though, with forecasters giving a 40 percent chance of precipitation for the afternoon. A general 5-8 inches can be expected, as of now, with as high as a foot or a foot and a half in some areas.
    Germany centre-left party set to confirm first female leader

    Germany centre-left party set to confirm first female leader

    The party's 464,000 party members will vote in a postal ballot on the deal, with the results expected to be announced on March 2. In a cartoon published on Tuesday, the Sueddeutsche Zeitung daily showed Nahles with a whip riding an SPD snail.
  • Delays done, Shiffrin wins Olympic GS gold; best event next

    Delays done, Shiffrin wins Olympic GS gold; best event next

    Only a handful of skiers were faster than Shiffrin in their second runs; none of them had top-five times in their first attempts. American ski racing star Mikaela Shiffrin jumped aboard that insane train when she won the women's giant slalom on Thursday.
    What the average Aussie will spend on Valentine's Day

    What the average Aussie will spend on Valentine's Day

    The jewelry store offers a package gift that includes a box of chocolates, a pair of earrings, and a live rose covered in gold. CFM's floral event designers create some of the most creative and one of a kind flower arrangements in Southern California.
    Pakistan developing new kinds of nuke weapons: US Intel chief

    Pakistan developing new kinds of nuke weapons: US Intel chief

    He said that he expects Russian Federation to continue using propaganda, social media and other means to meddle in USA politics. Officials also basically guaranteed the Russians are going to continue meddling in US elections this year.
  • Turnbill is inept, says deputy in staff pregnancy scandal

    Turnbill is inept, says deputy in staff pregnancy scandal

    Mr Turnbull can not sack his deputy because it is up to the Nationals MPs to choose their leader under the coalition agreement. Many unanswered questions remain about the origins and exact motives behind the unleashing of the allegations against Joyce.
    Reconstruction in Iraq requires 88.2 billion United States dollars

    Reconstruction in Iraq requires 88.2 billion United States dollars

    The conference brings together hundreds of representatives of countries, aid groups, United Nations agencies and corporations. Reconstruction in Iraq requires 88.2 billion USA dollars, said Iraqi Planning Minister Salman Al Jumaili on Monday.
    Warriors vs. Suns on Monday night

    Warriors vs. Suns on Monday night

    During a timeout midway through the first quarter, Kerr gave his clipboard and pen to veteran Andre Iguodala . Their weakest areas are steals per game (#29), three point percentage (#29) and field goal percentage (#27).
  • Instagram Is Testing Screenshot Alerts

    Instagram Is Testing Screenshot Alerts

    It's a little less obvious than Snapchat's notification, but it still has users divided over the usefulness of the feature. Instagram in 2016 rolled out a feature that sends a notification when a screenshot is taken of a private message.

    Real Madrid president plotted to sell Ronaldo and buy Messi

    Neymar has starred for PSG this season, scoring 28 goals in 27 games in all competitions following his arrival from Barcelona . They are 17 points behind the leaders, Barcelona, at the League and they were eliminated from the cup at the quarter-finals.
    Google takes on Instagram and Snapchat with AMP Stories

    Google takes on Instagram and Snapchat with AMP Stories

    The AMP tech is traditionally used for fast-loading mobile pages; the Gmail integration is its first broader use case. You can browse, interact with content, do RSVP, fill out forms, and much more-all without leaving your Gmail.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.