Bhinneka News Online: Trump's "muscle-flexing" with allies will cost US consumer, France says

Thursday, 31 May 2018

Trump's "muscle-flexing" with allies will cost US consumer, France says

PARIS (Reuters) - U.S. trade tariffs on European metals exports are unjustified and will be met with a proportionate and calibrated EU response, the French government said on Thursday.

UK trade minister does not rule out counter-measures after U.S. tariff blow

LONDON (Reuters) - British trade minister Liam Fox said on Thursday he hoped the United States will think again about its decision to move ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union, but did not rule out retaliation.

U.S. tariffs decision harmful to U.S. and EU: German economy minister

BERLIN (Reuters) - German Economy Minister Peter Altmaier said a U.S. decision to move ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union was damaging but that Berlin would work hard to preserve transatlantic ties.

U.S. steel tariffs a concern as G7 finance ministers meet in Canada

WHISTLER, British Columbia (Reuters) - A U.S. move to impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union overshadowed a gathering of G7 finance ministers and central bankers on Thursday, amid fears a trade war will imperil global economic growth.

Dutch Tata Steel urges EU to shield European market from cheap imports

AMSTERDAM (Reuters) - The European Union should take measures to shield the European steel market from a flood of cheap imports seeking a new destination as the United States impose tariffs on steel, the Dutch arm of Tata Steel said on Thursday.

Canada to impose tariffs on U.S., challenge at WTO

(Reuters) - Canada will impose retaliatory tariffs on C$16.6 billion ($12.8 billion) worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization (WTO), Canadian Foreign Minister Chrystia Freeland said on Thursday.

NAFTA deal very difficult before Mexico election: Guajardo

MEXICO CITY (Reuters) - Mexico's economy minister said on Thursday that it would be "very difficult" to reach a deal to revamp NAFTA before Mexico's July 1 presidential election.

U.S. hits allies with tariffs as risk of trade war rises

WASHINGTON/PARIS (Reuters) - The United States on Thursday said it will impose tariffs on aluminum and steel imports from Canada, Mexico and the European Union, reigniting investor fears of a global trade war as Washington's allies took steps to retaliate against U.S. goods.

Icahn sells 10.5 million Herbalife shares back to company

BOSTON (Reuters) - Billionaire investor Carl Icahn, who sparred for years with short-seller William Ackman over the future of Herbalife Nutrition Ltd , on Thursday said he sold roughly $552 million worth of Herbalife stock back to the company, trimming his stake to 21 percent.

Wall St. slips as U.S. tariffs spark trade war worries

NEW YORK (Reuters) - U.S. stocks fell on Thursday after the United States moved to impose tariffs on metal imports from Canada, Mexico and the European Union, prompting retaliatory measures from some of its trading partners.