Can not Bully Big PRC then Pick on Smaller Ang Mohs to Eat!
No choice already. Too Weak too Small to Wrestle with Xijinping so eat some smaller Ang Mohs instead! Can not eat Putin also, because he is Super-Rocket-Man he got many new deadly unstoppable nukes!
Dotard is EXTREMELY DESPERATE AND HUNGRY. Bankrupted & Had his fucked up govt kept running out of budget and SHUTTING DOWN. He have to pick on to EAT UP something or someone. Whichever that can be EATEN!
Next will be Japs. or Ah Nehs!
In the end all will join hands with Putin & Xijinping to FINISH OFF the MAGA USA!
http://www.business-standard.com/ar...m-as-us-refuses-to-relent-118042800751_1.html
Trade war is a losing game: EU sounds alarm as US refuses to relent
Donald Trump's administration is asking Europe, Canada and other allies to accept quotas in exchange for an exemption from steel and aluminum tariffs that kick in May 1
Nikos Chrysoloras & Jonathan Stearns | Bloomberg Last Updated at April 28, 2018 21:01 IST
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French President Emmanuel Macron. Photo: Reuters
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The European Union warned about the costs of a trans-Atlantic trade war while bracing for one to erupt after the U.S. signaled it will reject the bloc’s demand for an unconditional waiver from metals-import tariffs.
“A trade war is a losing game for everybody,” Belgian Finance Minister Johan Van Overtveldt told reporters in Sofia. “We should stay cool when we’re thinking about reactions but the basic point is that nobody wins in a trade war so we try to avoid it at all costs.”
Donald Trump’s administration is asking Europe, Canada and other allies to accept quotas in exchange for an exemption from steel and aluminum tariffs that kick in May 1, when a temporary waiver expires. “We are asking of everyone: quotas if not tariffs,” Commerce Secretary Wilbur Ross said on Friday.
This puts the EU in the difficult position of either succumbing to U.S. demands that could breach international commerce rules or face punitive tariffs. Forcing governments to limit shipments of goods violates World Trade Organization rules, which prohibit so-called voluntary export restraints. The demand is also contrary to the entire trade philosophy of the 28-nation bloc, which is founded on the principle of the free movement of goods.
EU waiver
The White House last month temporarily shielded some trading partners including the EU from the duties, at 25 percent for imported steel and 10 percent for aluminum on the grounds of protecting national security. U.S. Trade Representative Robert Lighthizer is negotiating with countries seeking permanent exemptions. So far, South Korea is the only nation to be spared from the duties, after reaching a deal to revise its bilateral free-trade agreement with the U.S.
While WTO rules foresee the possibility of countries taking emergency “safeguard” measures involving import quotas for specific goods, such steps are rare, must be temporary and can be legally challenged. The EU is demanding a permanent, unconditional waiver from the U.S. tariffs.
Trump’s demands to curb steel and aluminum exports to 90 percent of the level of the previous two years are unacceptable, an EU government official said. The official, who asked not to be named as talks are ongoing, signaled the EU’s response would depend on the level of the quotas after which the punitive tariffs would kick in.
The European Commission, the EU’s trade authority in Brussels, declined to comment on the prospect of an agreement with the U.S. involving any import quotas while stressing the bloc’s consistent call for an unconditional, permanent exclusion from the American metal levies.
“In the short run it might help them solve their trade balance but in the long run it will worsen trade conditions,” Bulgarian Finance Minister Vladislav Goranov said in Sofia. “The tools they’re using to make America great again might result in certain mistakes because free world trade has proven to be the best solution for the development of the world so far.”
Meanwhile, the EU has made clear it won’t be intimidated. French President Emmanuel Macron said this month that “we won’t talk about anything while there’s a gun pointed at our head.”
German Chancellor Angela Merkel said she discussed trade disputes with Trump during talks at the White House on Friday and that she failed to win a public commitment to halt the tariffs.
Adding to signs of trans-Atlantic tensions, Le Maire told his peers in Sofia during a discussion on taxation: “One thing I learned from my week in the U.S. with President Macron: The Americans will only respect a show of strength.”
https://www.fin24.com/Economy/eu-sounds-trade-war-alarm-as-trump-points-gun-at-our-head-20180428
EU sounds trade-war alarm as Trump points gun 'at our head'
Apr 28 2018 12:23
Nikos Chrysoloras and Jonathan Stearns, Bloomberg
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The European Union has warned about the costs of a trans-Atlantic trade war while bracing for one to erupt after the US signaled it will reject the bloc’s demand for an unconditional waiver from metals-import tariffs.
“A trade war is a losing game for everybody,” Belgian Finance Minister Johan Van Overtveldt told reporters in Sofia, Bulgaria, on Saturday. “We should be very careful about this, we should stay cool when we’re thinking about reactions but the basic point is that nobody wins in a trade war so we try to avoid it at all costs,” he said ahead of a meeting with his peers from the world’s largest trading bloc.
Donald Trump’s administration is asking Europe, Canada and other allies to accept quotas in exchange for an exemption from steel and aluminum tariffs that kick in May 1, when a temporary waiver expires. “We are asking of everyone: quotas if not tariffs,” Commerce Secretary Wilbur Ross said on Friday.
This puts the EU in the difficult position of either succumbing to US demands that could breach international commerce rules or face punitive tariffs. Forcing governments to limit shipments of goods violates World Trade Organization rules, which prohibit so-called voluntary export restraints.
The demand is also contrary to the entire trade philosophy of the 28-nation bloc, which is founded on the principle of the free movement of goods.
EU waiver
The White House last month temporarily shielded some trading partners including the EU from the duties, at 25% for imported steel and 10% for aluminum on the grounds of protecting national security. The president ordered US Trade Representative Robert Lighthizer to negotiate with countries seeking permanent exemptions.
While WTO rules foresee the possibility of countries taking emergency “safeguard” measures involving import quotas for specific goods, such steps are rare, must be temporary and can be legally challenged. The EU is demanding a permanent, unconditional waiver from the US tariffs.
Trump’s demands to curb steel and aluminum exports to 90% of the level of the previous two years are unacceptable, an EU government official said. The official, who asked not to be named as talks are ongoing, signaled the EU’s response would depend on the level of the quotas after which the punitive tariffs would kick in.
So far, South Korea is the only nation to be spared from the duties, after reaching a deal to revise its bilateral free-trade agreement with the US. To avoid the steel tariff, South Korea agreed to limit US shipments of the metal to about 2.7 million tons a year.
The country also agreed to double to 50 000 the number of U.S. cars that could be imported without meeting local safety standards. Such unilateral concessions could be legally challenged.
‘Make America great’
“In the short run it might help them solve their trade balance but in the long run it will worsen trade conditions,” Bulgarian Finance Minister Vladislav Goranov said in Sofia. “It will create conditions for - let’s not use tough words like trade war - but it will worsen the conditions and nobody will be a winner from that.”
“The tools they’re using to make America great again might result in certain mistakes because free world trade has proven to be the best solution for the development of the world so far,” Goranov said.
Meanwhile, the EU has made clear it won’t be intimidated. French President Emmanuel Macron said this month that “we won’t talk about anything while there’s a gun pointed at our head.”
German Chancellor Angela Merkel said she discussed trade disputes with Trump during talks at the White House on Friday and that she failed to win a public commitment to halt the tariffs.
“The president will decide, that’s clear,” Merkel told reporters at a news conference alongside Trump. “We spoke about the state of negotiations and our respective assessments. The decision lies with the president.”
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https://www.bloomberg.com/news/arti...-over-trade-war-as-trump-puts-gun-to-its-head
EU Braces for a Trans-Atlantic Trade War
By
Nikos Chrysoloras
and
Jonathan Stearns
April 28, 2018, 4:47 PM GMT+8 Updated on April 28, 2018, 7:09 PM GMT+8
- EU in the dark as exemption from metal tariffs expires Tuesday
- Bloc won’t accept curbing exports at 90% of last two years
Shipping containers sit on board a cargo ship at the Eurogate Terminal at the Port of Hamburg.
Photographer: Krisztian Bocsi/Bloomberg
The European Union warned about the costs of a trans-Atlantic trade war while bracing for one to erupt after the U.S. signaled it will reject the bloc’s demand for an unconditional waiver from metals-import tariffs.
Johan Van Overtveldt
Photographer: Marlene Awaad/Bloomberg
“A trade war is a losing game for everybody,” Belgian Finance Minister Johan Van Overtveldt told reporters in Sofia. “We should stay cool when we’re thinking about reactions but the basic point is that nobody wins in a trade war so we try to avoid it at all costs.”
Donald Trump’s administration is asking Europe, Canada and other allies to accept quotas in exchange for an exemption from steel and aluminum tariffs that kick in May 1, when a temporary waiver expires. “We are asking of everyone: quotas if not tariffs,” Commerce Secretary Wilbur Ross said on Friday.
This puts the EU in the difficult position of either succumbing to U.S. demands that could breach international commerce rules or face punitive tariffs. Forcing governments to limit shipments of goods violates World Trade Organization rules, which prohibit so-called voluntary export restraints. The demand is also contrary to the entire trade philosophy of the 28-nation bloc, which is founded on the principle of the free movement of goods.
EU Waiver
White House last month temporarily shielded some trading partners including the EU from the duties, at 25 percent for imported steel and 10 percent for aluminum on the grounds of protecting national security. U.S. Trade Representative Robert Lighthizer is negotiating with countries seeking permanent exemptions. So far, South Korea is the only nation to be spared from the duties, after reaching a deal to revise its bilateral free-trade agreement with the U.S.
While WTO rules foresee the possibility of countries taking emergency “safeguard” measures involving import quotas for specific goods, such steps are rare, must be temporary and can be legally challenged. The EU is demanding a permanent, unconditional waiver from the U.S. tariffs.
Trump’s demands to curb steel and aluminum exports to 90 percent of the level of the previous two years are unacceptable, an EU government official said. The official, who asked not to be named as talks are ongoing, signaled the EU’s response would depend on the level of the quotas after which the punitive tariffs would kick in.
The European Commission, the EU’s trade authority in Brussels, declined to comment on the prospect of an agreement with the U.S. involving any import quotas while stressing the bloc’s consistent call for an unconditional, permanent exclusion from the American metal levies.
“In the short run it might help them solve their trade balance but in the long run it will worsen trade conditions,” Bulgarian Finance Minister Vladislav Goranov said in Sofia. “The tools they’re using to make America great again might result in certain mistakes because free world trade has proven to be the best solution for the development of the world so far.”
Meanwhile, the EU has made clear it won’t be intimidated. French President Emmanuel Macron said this month that “we won’t talk about anything while there’s a gun pointed at our head.”
German Chancellor Angela Merkel said she discussed trade disputes with Trump during talks at the White House on Friday and that she failed to win a public commitment to halt the tariffs.
Adding to signs of trans-Atlantic tensions, Le Maire told his peers in Sofia during a discussion on taxation: “One thing I learned from my week in the U.S. with President Macron: The Americans will only respect a show of strength.”
— With assistance by Piotr Skolimowski, Joao Lima, Slav Okov, Alexander Weber, Viktoria Dendrinou, Andrew Mayeda, and Elizabeth Konstantinova
Before it's here, it's on the Bloomberg Terminal. LEARN MORE
https://www.rt.com/usa/425442-trade-war-europe-advantage-us/
EU was created to rip US off, Trump says as allies brace for trade war
Published time: 29 Apr, 2018 03:54 Edited time: 29 Apr, 2018 08:15
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U.S. President Donald Trump speaks at a Make America Great Again Rally in Washington, Michigan April 28, 2018 © Joshua Roberts / Reuters
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Trump unleashed a tirade aimed at the European Union at a campaign-style rally in Michigan on Saturday. Taking aim at the EU's trade policies, Trump said that the bloc “was put there to take advantage of the United States.”
Read more
China warns US against ‘arrogance’ amid trade standoff “Not anymore, we told them that yesterday, actually the exact same words, not anymore, those days are over,” Trump said to a round of cheers.
The US leader hinted that he would stop at nothing to fix the trade imbalance, warning the crowd that they should expect some temporary setbacks on the way to a bright future for the US economy.
“In short term you may have to take some problems, long term – you're going to be so happy, we're going to get it opened up, or we’re not doing business with these other countries,” Trump said.
While blasting the EU, China and Japan over trade, Trump said that his criticism of the “disastrous trade deals,” which he is busy “straightening out,” does not mean he has a personal grudge against those countries' leaders.
“I don’t blame them, I don’t blame the heads of these countries for taking advantage of us, I blame past Presidents and past leaders of our country,” Trump said.
Read more
Trade wars lead to real wars where the strong prey on the weak – economists to RT Trump’s new economic threat comes at a time when the 28-nation European bloc is bracing for a potential trade war with Washington. May 1 is the deadline for Washington's ultimatum to either limit exports to the US or face steep steel and aluminum tariffs.
Other US allies are facing the same choice. The only one to have fallen in line so far is South Korea, which has agreed to cut 2.7 million tons of annual metal exports and double car imports from the US, its trade ministry announced in March.
“We are asking of everyone: quotas if not tariffs,” Bloomberg reported US Commerce Secretary Wilbur Ross as saying on Friday.
Trump announced the introduction of 25 percent steel and 10 percent aluminum import taxes on March 1, triggering a global backlash and threats of retaliation by the EU and Canada. When it seemed a full-blown trade war between allies was imminent, Trump pulled back somewhat, granting tariff exemptions to the EU, Canada, Mexico, Brazil and Australia.
Meanwhile, the EU countries have warned that arm-twisting by the US will not end well for either side in the long term.
“A trade war is a losing game for everybody,” Belgian Finance Minister Johan Van Overtveldt said at a meeting of EU counterparts in Sofia on Saturday.
The EU will not sit idle while its economy is being hit by the US, French Finance Minister Bruno Le Maire said. “The EU has to be ready to take all the appropriate decisions if the American administration decides to raise tariffs on the EU."
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