China started the trade war

DOMINO EFFECT Some economists say President Trump’s tariffs on steel and aluminum could prompt retaliation from other countries on U.S. products thus roiling global markets

We applaud the administration's efforts to rebalance trade and protect the USA steel industry and workers, but we are concerned that global import tariffs on steel and aluminum would have a devastating effect on steel-consuming manufacturers downstream, including the auto care industry.

"Secretary of Commerce Wilbur Ross will be speaking with representatives of the European Union about eliminating the large Tariffs and Barriers they use against the United States of America".

Zhong added that the U.S. trade deficit with China is overestimated by about 20 percent, citing research by a panel tasked with investigating the discrepancy between the two nations' accounts of their trade balance.

While the tariffs on steel and aluminum, announced last week by Trump, are viewed as relatively insignificant in terms of imports and exports, moves to target China directly risk a direct and harsh response from Beijing.

The White House is reportedly still drawing up the legal paperwork for an executive order that would bring the tariffs into effect.

"I'm delivering on a promise I made during the campaign", Trump said. Trumpalso appointed U.S. Trade Representative Robert Lighthizer, anotherfree trade critic, to be the point of contact for nations seeking tariff exemptions.

Talk of a global trade war is in the air following the recent USA announcement of tariffs on imported steel and aluminium.

"We can't even sell our farming goods in there, they totally restrict us".

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Trump spoke to Canadian Prime Minister Justin Trudeau on Monday about the metals tariffs, the White House said in a statement. "We know that the collaboration on NORAD, the collaboration on national security issues narrow and broadly is something that is really important to both of our countries".

"In itself, it will not make much difference to the direction of the world economy", he said.

European Union Trade Commissioner Cecilia Malmstrom will host her USA and Japanese counterparts in Brussels on Saturday to discuss steel overcapacity as part of talks that begin in December at a World Trade Organization meeting in Buenos Aires.

But European Trade Commissioner Cecilia Malmstroem later tweeted: "No immediate clarity on the exact U.S. procedure for exemption however, so discussions will continue next week".

Brussels has pushed back the hardest against Washington's shock measures, loudly announcing a list of United States products - including peanuts and motorcycles - it could hit with countermeasures.

All indications are that this plan will go into effect, thus hurting a growing USA economy and numerous voters, in Oklahoma and elsewhere, who helped to put Trump in the White House in the first place.

"I think this is counterproductive", Senator Ron Johnson, Republican of Wisconsin, said Sunday on CNN.

Whiting, a trade economist at Heritage, has written about Trump's tariff plan here and here.

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