U.S. Allies Line Up For Exemptions From Trump's Tariffs | HuffPost Latest News - Action News
Home WebMail Tuesday, November 5, 2024, 12:40 PM | Calgary | 0.2°C | Regions Advertise Login | Our platform is in maintenance mode. Some URLs may not be available. |
  • No news available at this time.
Posted: 2018-03-09T13:25:33Z | Updated: 2018-03-09T13:25:33Z

BRUSSELS/SHANGHAI/TOKYO (Reuters) - From Japan and South Korea to Australia and Europe, officials lined up on Friday to seek exemptions from President Donald Trump s tariffs on U.S. steel and aluminum imports, while Chinese producers called on Beijing to retaliate in kind.

Tokyo and Brussels rejected any suggestion that their exports to the United States threatened its national security - Trumps justification for imposing the tariffs despite warnings at home and abroad that they could provoke a global trade war.

Trump signed an order for the 25 percent tariffs on steel imports and 10 percent for aluminum at the White House on Thursday to counter cheap imports, especially from China, which he described as an assault on our country.

However, he said real friends of the United States could win waivers from the measures, which come into force after 15 days. In the event he exempted Canada and Mexico, fellow members of the North American Free Trade Agreement (NAFTA) which he is trying to renegotiate.

Brazil, which after Canada is the biggest steel supplier to the U.S. market, said it wanted to join the list. We will work to exclude Brazil from this measure, Acting Trade Minister Marcos Jorge told Reuters after meeting U.S. Commerce Secretary Wilbur Ross. Argentina made a similar case.

Japan, the United States top economic and military ally in Asia, was next in line. Chief Cabinet Secretary Yoshihide Suga told a news conference that Japans steel and aluminum shipments posed no threat to U.S. national security.

With Japan a major trade partner and international investor, Suga said that, on the contrary, they contributed greatly to employment and industry in the United States. Japans steel industry body also expressed concern.

The European Union, the worlds biggest trade bloc, chimed in. Europe is certainly not a threat to American internal security so we expect to be excluded, European trade Commissioner Cecilia Malmstrom said in Brussels.

Malmstrom told reporters the EU was ready to complain to the World Trade Organization, and retaliate within 90 days. She will meet U.S. Trade Representative Robert Lighthizer and Japanese Trade Minister Hiroshige Seko in Brussels on Saturday when she will ask whether the EU is to be included in the tariffs.

Other officials at the EU, by far the biggest trading partner of the United States by value, have warned it could take counter-measures including European tariffs on U.S. oranges, tobacco and bourbon.

Some products under consideration are largely produced in constituencies controlled by Trumps Republican Party . Brussels has reminded Trump that tit-for-tat trade measures deepened the Great Depression in the 1930s and in the 2000s cost thousands of U.S. jobs when Washington imposed tariffs on European steel.

European industry associations called on Malmstrom to react to the tariffs. The loss of exports to the U.S., combined with an expected massive import surge in the EU, could cost tens of thousands of jobs in the EU steel industry and related sectors, said Axel Eggert, head of steel association EUROFER.

In Sydney, Prime Minister Malcolm Turnbull cited Washingtons strong relationship with Australia, adding: There is no case for imposing tariffs on Australian steel.

LEGITIMATE RIGHTS

Trade tensions between Washington and Beijing have risen since Trump took office last year. China accounts for only a small fraction of U.S. steel imports, but its rapid rise to produce half the worlds steel has helped create a global glut that has driven down prices.

Beijing vowed to firmly defend its legitimate rights and interests. The tariffs would seriously impact the normal order of international trade, the Ministry of Commerce said.

Chinas steel and metals associations urged the government to retaliate, citing imports from the United States ranging from stainless steel to coal, agricultural products and electronics. It was the most explicit threat yet from the country in the escalating trade row.

The dispute has fueled concerns that soybeans, the United States most valuable export to China, might be caught up in the row after Beijing launched a probe into imports of U.S. sorghum, a grain used in animal feed and liquor.

Within minutes of Trumps announcement, U.S. Republican Senator Jeff Flake, a critic of the president, said he would introduce a bill to nullify the tariffs. But that would probably require Congress to muster an extremely difficult two-thirds majority to override a Trump veto.

Your Support Has Never Been More Critical

Other news outlets have retreated behind paywalls. At HuffPost, we believe journalism should be free for everyone.

Would you help us provide essential information to our readers during this critical time? We can't do it without you.

You've supported HuffPost before, and we'll be honest we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you.

Whether you give once or many more times, we appreciate your contribution to keeping our journalism free for all.

You've supported HuffPost before, and we'll be honest we could use your help again . We view our mission to provide free, fair news as critically important in this crucial moment, and we can't do it without you.

Whether you give just one more time or sign up again to contribute regularly, we appreciate you playing a part in keeping our journalism free for all.

Support HuffPost

Some Democrats praised the move. Senator Joe Manchin of West Virginia said it was past time to defend our interests, our security and our workers in the global economy.

South Korea, the third largest steel exporter to the United States and a strategic ally on the Korean peninsula, called for calm. We should prevent a trade war situation from excessive protectionism, in which the entire world harms each other, Trade Minister Paik Un-gyu told a meeting with steelmakers.

While carrying a message to Washington to push forward a diplomatic breakthrough over North Korea, South Koreas national security office chief Chung Eui-yong requested U.S. officials to support Seouls request for a waiver, a presidential spokesman said.

(Reporting by Adam Jourdan, Wang Jing, Yuka Obayashi, Kaori Kaneko, Ami Miyazaki, Ju-Min Park, Hyunjoo Jin, Cynthia Kim, Robert-Jan Bartunek; writing by David Stamp; Editing by Toby Chopra)