World

European Union is United States ally and should be exempt from tariffs

European Union is United States ally and should be exempt from tariffs

The EU executive said it remained unclear how an exclusion would work.

"We are an ally, not a threat", European Commission Vice President Jyrki Katainen said.

A Eurofer spokesman also warned that the US's punitive tariffs not only make market access more hard for European steel but could flood Europe with imports from other nations unable to get into the U.S. market, pushing prices down and endangering EU jobs.

U.S. President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminum on Thursday but exempted Canada and Mexico, and the U.S. administration left open the possibility of "alternative remedies" for other countries.

"This is not a trade negotiation", Katainen said.

Meanwhile, German Deputy Economy Minister Matthias Machnig also warned against premature reactions to Mr Trump's threat to impose a 25% tariff on vehicle imports.

China's metals industry issued the country's most explicit threat yet in the row, urging the government to retaliate by targeting US coal - a sector that is central to Trump's political base and his election pledge to restore American industries and blue-collar jobs.

However, he said "real friends" of the United States could win waivers from the measures, which come into force after 15 days.

Japan, the United States' top economic and military ally in Asia, is among the other nations seeking to join the exemption list.




Chief Cabinet Secretary Yoshihide Suga told a news conference that Japan´s steel and aluminum shipments posed no threat to USA national security.

EU Trade Commissioner Cecilia Malmstroem said the bloc was "not preparing for battle" but had to be ready to protect its industry.

Asked at the conference whether she was ready to react if the 28-country European Union was included in the USA tariffs, Ms Malmstrom said she stood ready to go to the WTO, the worldwide trade arbiter, to impose the bloc's own safeguards within 90 days. European steel producers are concerned about a loss of market access, but also that steel from elsewhere will flood in.

Malmstrom won support from German Chancellor Angela Merkel.

European steel and aluminium associations have warned that the United States tariffs could cost their sectors thousands of jobs.

The EU shares American concerns about overcapacity in the global steel sector, Malmstroem said, but warned "this is not the right way to deal with it". Tariffs would "seriously impact the normal order of worldwide trade", the Commerce Ministry said.

The EU exported about 5.5 million tons of steel to the USA a year ago. Trump has championed coal exports as demand from power firms at home weakens.

South Korea, the third-largest steel exporter to the United States and a strategic ally on the Korean Peninsula, called for calm. "We will have to protect our industry with rebalancing measures, safeguards".

EUROFER chief Axel Eggert said "the national security justification the president has used - and the linking of these tariffs to North Atlantic Treaty Organisation funding - is an absurdity".


  • Middle school teacher accused of using racial slur and calling students dumb

    Middle school teacher accused of using racial slur and calling students dumb

    After being confronted by a student, Swinyar said, "I would never say that, but if I did, I am sorry", according to CNN . His 24 students were all witnesses to the incident, and black students called out his behavior.

    "Call of Duty: Black Ops 4" Teases Gamers With New Trailer

    We know Nintendo is running a Nintendo Direct later today, so it's possible the announcement will come during that event. Check out the official Call of Duty website for more information on Call of Duty: Black Ops 4 .
    Talks turn to defense on final day Saudi crown prince's UK visit

    Talks turn to defense on final day Saudi crown prince's UK visit

    Britain credits Saudi intelligence sharing with saving British lives and has licensed billions of pounds of weapons and ammunition sales to Saudi Arabia .
  • Duke vs. North Carolina Live Stream

    Duke vs. North Carolina Live Stream

    At least one more time they'll get to see his amiable behavior and lovable antics out on the court against the Tar Heels. The Heels are 3-6 from three-point range, with Kenny Williams , Joel Berry and Cam Johnson each hitting from deep.
    Video of woman's immigration arrest draws criticism

    Video of woman's immigration arrest draws criticism

    The clip was posted to Facebook by a teacher of one of Morales' daughters, the Los Angeles Times reported. Scappechio told NBC 7 Morales-Luna has been arrested previously but would not confirm the charge.
    Trump Signals Metals-Tariff Exemption for `Our Ally' Australia

    Trump Signals Metals-Tariff Exemption for `Our Ally' Australia

    Australia's aluminium exports, worth approximately $70 million, are dominated by Rio Tinto, which is also hoping for concessions. In a post on his Twitter account, the U.S. president said he had spoken with the Australian prime minister.
  • Bikini-clad drunk driver sentenced in fatal crash

    Bikini-clad drunk driver sentenced in fatal crash

    Guerrero, who is now 25, took the stand March 6 to talk about the crash. "I got to hold him, I got to look at him", said Geurrero. Elliott entered a guilty plea to all three charges on Monday, and could face anywhere from probation to 20 years behind bars.
    Take a Drone Tour of Disneyland's Huge Star Wars: Galaxy's Edge Park

    Take a Drone Tour of Disneyland's Huge Star Wars: Galaxy's Edge Park

    The toys are inspired by designs from films like The Force Awakens , Rogue One and The Last Jedi . One attraction will make you feel like you're on a Star Destroyer inside a hangar bay.

    Clues to Identify Stock Value - Brandywine Realty Trust (NYSE: BDN)

    Looking at some alternate time periods, the 12 month price index is 0.80083, the 24 month is 1.08221, and the 36 month is 0.81561. The shares of the company (QTS) staged the smart recovery as has roared back some 7.76% after stumbling to its new 52-weeks low.
  • Ryan Zinke's new office doors are getting a $139000 upgrade

    Ryan Zinke's new office doors are getting a $139000 upgrade

    But this would hardly be the first time that Secretary Ryan Zinke spent taxpayer money on an unusual expenditure. Design work on the project was approved last month and installation is expected in the summer.
    Raheem Sterling in line to return for Manchester City's clash against Stoke

    Raheem Sterling in line to return for Manchester City's clash against Stoke

    Manchester City were never in danger of failing to qualify for the Champions League quarter-finals after their 4-0 win in Basel. However, the left-back missed the midweek game with a slight muscle injury and could be given extra time to recover.
    Supervillain Martin Shkreli Sentenced to 7 Years in Prison, Weeps in Court

    Supervillain Martin Shkreli Sentenced to 7 Years in Prison, Weeps in Court

    Martin Shkreli was sentenced to seven years in prison on Friday for defrauding investors out of more than $10 million. But the case had nothing to do with Daraprim, a drug used to treat infections in people with HIV/AIDS.