Wednesday, 20 June, 2018

Trump complains about traveling to Canada ahead of Singapore summit with Kim

Justin Trudeau and Donald Trump Washington apple farmers brace for impact after Mexico imposes tariffs on U.S. imports
Lindsey Cook | 07 June, 2018, 13:54

"Rio sells about 1.4 million tonnes, some 40 per cent of their aluminium production, into the U.S. from those Canadian smelters and it will be subject to that tariff", said Mr Driscoll. "Because we didn't deal with our enemies, we dealt with our friends, and we dealt incompetently", he said. The focus on pork also serves to make a political statement: According to Census Bureau data, 10 out of the top 15 states for pork exports to Mexico voted for Trump in the 2016 election.

"Right now, it looks like it's turning to a protracted legal fight", Powers said in a phone interview from Washington, D.C. Tuesday. Just three days after returning to Washington from Sicily, he would pull the USA out of the Paris climate agreement.

Mexico has been a valuable trade partner, as it has become a significant source of USA imported crude oil. European allies have urged Trump to reconsider. Last year, he set off a furor in South Korea by declaring that the country needed to cover the $1-billion cost of a missile defence system the US was installing in the country. The US Commerce Department says that constitutes a threat to US national security.

"If our customers around the world start going to other parts of the world for their supplies, that is a serious problem", he said.

Canada has also rejected "for now" a proposal floated by the White House for new separate U.S. trade deals with Canada and Mexico.

Trump bragged at a fundraising speech later that month that he made up facts in a meeting with Trudeau, claiming the us runs a trade deficit with its biggest ally. Trump and Kudlow are traveling to Quebec this week for a meeting of leaders from seven of the world's leading economies, and several of those officials have expressed frustration at Trump for his protectionist approach to trade. They fall on only about $3 billion in USA exports, but were crafted to have a "very specific" focus on vulnerable Republicans, said one senior Mexican official who asked not to be named.

Good luck, suggested Kudlow, the director of the U.S. National Economic Council. What we are fighting over now, as the new order emerges, is whether the USA wants to have the most important seat at the table or not.

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President Trump is trying to rewrite the terms and conditions of the worldwide order specifically with regard to trade, security, and global agreements and organisations, by "leveraging the dollar, market access, and military advantages", said Dr Inderjeet Parmar professor of professor of global politics at the City, University of London.

Countries that import US pig meat.

The Treasury Department wants President Donald Trump to rely on legislation to tighten scrutiny of Chinese investments in the United States instead of an executive move imposing sweeping new limits, according to three people familiar with the matter. A negative judgment at the WTO could result in the US having to compensate aggrieved foreign producers or face broader retaliatory measures.

Kudlow shot back that "Trump is trying to fix this broken system".

Allies do not appear to have figured out an effective way to deal with such a president.

"If you do not sanction an American president who behaves like this, every president and administration after this will think that trade policy is something you can easily mess with", Kierkegaard said. "When you're doing business, you take people to the brink of breaking them without having them break, to the maximum point their heads can handle - without breaking them".

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