Trump to Unveil Massive 'Package of Tariffs' Against China

Donald Trump’s trade policy pales in comparison to the scale and scope of the protectionist policies of president Ronald Reagan’s administration in the 1980s

US President Donald Trump will soon "crack down" on China after receiving recommendations about the country's trade and intellectual property rules, White House trade adviser Peter Navarro said.

The head of the National Retail Federation, whose members include department store chains, grocery stores and other merchants around the world, also raised objections to the tariffs Thursday, calling them a tax on all Americans. However, such applications are typically onerous, so many middle-market companies may need assistance from their trade advisors or lawyers.

Tusk said there was still time to improve relations and urged Trump to deliver on his promise to exempt "real friends" from the tariffs.

But his boss is impatient for action, and some trade analysts say they expect an announcement of new US trade measures next week.

The move drew consternation outside the U.S.

.

A source said the tariffs are associated with an investigation into intellectual property theft, which is a big issue with China. The European Union has announced plans to retaliate against USA exports, but in the end the EU may negotiate - and agree to reduce current tariffs on United States products that exceed U.S. tariffs on European products.

The European Commission on Monday again requested from Washington that the EU be exempted from additional duties on aluminium and steel that President Donald J. Trump signed into law last week.

Wilshere recalled by England after two years in global wilderness
The Three Lions will take on the Netherlands on 23 March, before playing hosts to Italy on 27 March. But based on the briefings he has received, he said: "We are preparing to go to the World Cup".

Samsung Officially Launches Galaxy S9 and Galaxy S9+ In Malaysia
Samsung is a pioneering leader in smartphones and HDTVs in the US and one of America's fastest growing home appliance brands. About Samsung Electronics America, Inc.

Titans to Sign Former Patriots CB Malcolm Butler
Teammates nicknamed him "Strap" because of his ability to closely cover receivers and also "Scrap" for his scrappy style of play. Butler later denied any off-field misconduct, saying he never missed a curfew or do anything to hurt the Patriots' chances.

Since China entered the World Trade Organization (WTO) in 2001, there have been 3.2 million American jobs lost with 2.4 million of those jobs coming from the USA manufacturing sector.

While that is not a lot for the economy as a whole, it would be painful for the individual industry.

The Trump administration wants to reduce the USA trade deficit and to boost aluminum production, now below 50% of capacity, to above 80% and to boost steel production to a similar level from about 70% of capacity utilization today. -China partnership is symbiotic: The United States needs China to buy soybeans, and Beijing needs that supply to make pig feed to sustain its vital pork industry.

This brings us back to the proposed tariffs on steel and aluminum. That would hurt producers but boost profits of construction and other industries in Southeast Asia.

The Chinese have been stealing our technology and cheating on trade for years, and we do nothing about it because businesses think it's still worth it and past administrations don't want to pick a fight.

The EU says in place of tariffs, the US should try to reduce a surplus of steel and aluminum on global markets, which experts says is primarily due to China's overproduction in recent years. The latter is set to take the decision to the World Trade Organization (WTO) and has prepared countermeasures that include imposing tariffs on certain US products.

"The president told him it wasn't enough", said a second executive.

Related news:

Hot News

isis-killer-beheading-video-story-top Shane McMahon to Makes WrestleMania Announcement
Mar 16, 2018 - 02:03
A desperate Cena may hear the bell toll or a motorcycle rev very soon if his fight against The Undertaker is going to happen. It was the payoff of Luke Harper and Erick Rowan crossing paths with the other two teams, without interaction, for weeks.

isis-killer-beheading-video-story-top Smoking tied to higher risk of hearing loss
Mar 16, 2018 - 02:03
Matthew Myers , president of Campaign for Tobacco-Free Kids, warned of the dangers of taking it too slow. FDA Commissioner Scott Gottlieb announced the change in a statement .

isis-killer-beheading-video-story-top Meghan Markle Was Reportedly Kidnapped As Part Of Her Royal Training
Mar 16, 2018 - 02:01
As the document is a formal permission from the Queen , it must adopt the correct birth names of both Meghan and Harry. While preparations are already being made, Queen Elizabeth finally gave her formal seal of approval.

isis-killer-beheading-video-story-top Gonzaga dodges upset-minded UNC Greensboro, advances to second round
Mar 16, 2018 - 02:01
UNC Greensboro almost pulled off the massive upset over last year's national runner-up Gonzaga , but fell short in a 68-64 defeat. That's a formula for an upset, especially when UNC-Greensboro sophomore forward James Dickey (10 points) got going late.

isis-killer-beheading-video-story-top Pochettino: Positive Kane focused on recovery
Mar 16, 2018 - 01:58
The Spurs boss added: "The reality is with his crutch and boot, we need to assess him day by day and look at the reaction". "With different players, it's the same", Pochettino said.

isis-killer-beheading-video-story-top Canada promises millions for Palestinian relief
Mar 16, 2018 - 01:57
It offers support in food supply, access to education, healthcare, social services and employment. The U.S. had been UNWRA's largest donor, supplying almost 30 percent of its budget.

isis-killer-beheading-video-story-top Kentucky State Police search for suspect in Pikeville Police officer's killing
Mar 16, 2018 - 01:56
Kentucky State Police have a fifth man in custody in connection with the killing of a police officer this week. That's when Martin heard a gunshot and returned to find Hamilton with a fatal gunshot wound, police said.

isis-killer-beheading-video-story-top Fantastic Beasts: The Crimes of Grindelwald Gets A New Teaser Trailer
Mar 15, 2018 - 06:07
USA Today has revealed that Fantastic Beasts: The Crimes of Grindelwald is expected to be released into theatres on November 16. In it, we see a motivated young Newt trudging forward while Dumbledore seemingly stands guard behind him.

isis-killer-beheading-video-story-top Kawhi Leonard will not play against Pelicans, return still up in air
Mar 15, 2018 - 06:01
There are now eight teams vying for six spots with the No. 3 seed and the No. 10 seed only separated by four games. After losing last night, the Spurs are now 10th in the Western Conference.

isis-killer-beheading-video-story-top Federer downs Delbonis to kick off Indian Wells Masters title defence
Mar 15, 2018 - 06:00
Djokovic pulled out in Melbourne through injury while Edmund reached the semi-finals. "I mean, I just completely lost rhythm, everything.

isis-killer-beheading-video-story-top Case Keenum Intends To Sign With Broncos In Free Agency
Mar 15, 2018 - 05:48
Denver also has the No. 5 overall pick in this year's NFL Draft but should be off the board for taking an early QB. Former Broncos coach and current front office consultant Gary Kubiak coached Keenum when he was with the Texans .

isis-killer-beheading-video-story-top Cryptocurrency Ban: Why is Google Blocking Cryptocurrency, Initial Coin Offering Ads?
Mar 15, 2018 - 05:46
Cryptocurrencies are known to be notoriously volatile, so some governments are working to clamp down on the digital money. During 2017, Google removed over 3.2 billion ads from its site, which is up from 2016 when the amount was 1.7 billion.

isis-killer-beheading-video-story-top Counter-terrorism police called in as Russian exile found dead in London
Mar 14, 2018 - 06:30
Mr Glushkov gave evidence in the high profile court battle between Berezovsky and Chelsea owner Roman Abramovich in 2011. Glushkov was an associate of Boris Berezovsky , a Russian oligarch and Kremlin critic who died in London in 2013.

isis-killer-beheading-video-story-top Bin Talal not allowed leave Saudi Arabia after release
Mar 14, 2018 - 06:27
The kingdom has never publicly provided an explanation of the general's death. Most of those detained were released after several months.

isis-killer-beheading-video-story-top Craig Mack Cause of Death: How Did the Rapper Die?
Mar 14, 2018 - 06:27
Craig Mack , who found fame as a rapper with Diddy's Bad Boy Records in the 1990s, has passed away at the age of 46 . Mack's " Flava In Ya Ear " received a Grammy Award nomination for best rap song but lost to Queen Latifah.