Skip to main content

New tariffs let China get 'off more or less scot-free': Former U.S. trade representative

By
The problem with President Donald Trump's steel and aluminum tariffs is that China gets "off more or less scot-free," said former U.S. Trade Representative Michael Froman.

"There's a real issue about overcapacity in steel and aluminum production around the world that is hurting our industry," he told CNBC on "Power Lunch" on Friday. "That problem can really be traced back to China, where much of the overcapacity is emanating from."

Froman, who served as trade representative under former President Barack Obama from 2013 to 2017, said the potential tariffs — 25 percent on steel and 10 percent on aluminum — is that they don't "really hit China," a major exporter of steel and aluminum.

"It hits Canada … it hits South Korea and Mexico and Germany and Japan," he said. "Some of our closest partners and allies."


Source :- cnbc
Labels:

Comments

Post a Comment

Popular posts from this blog

We're open to work with Britain over incident involving ex-agent

By
The Kremlin said on Tuesday it was ready to cooperate if Britain asks it for help investigating an incident involving a former Russian double agent who fell ill after exposure to an unknown substance. Sergei Skripal, once a colonel in Russia's GRU military intelligence service, was critically ill in hospital on Tuesday after he was exposed to an unidentified substance in southern England. "Nobody has approached us with such a request," Kremlin spokesman Dmitry Peskov told a conference call with reporters, when asked if the British authorities had been in touch seeking help. "Moscow is always open for cooperation." When asked to respond to British media speculation that Russia had poisoned Skripal, Peskov said: "It didn't take them long." Calling the incident "a tragic situation," he said the Kremlin did not have information about what had happened. Source :- yahoonews
Post a Comment
Read more

Key players recall 1968 Polish student revolt, ensuing anti-Semitism

By
In March 1968, a student revolt crushed by Poland's baton-wielding police was used as a pretext for an anti-Semitic purge by the communist regime. It began when the communists banned the 19th-century play "Forefathers' Eve" by poet Adam Mickiewicz claiming it had anti-Russian elements. Two students who contested the ban were expelled from the University of Warsaw, prompting their peers to stage a demonstration on March 8. Backed by other civil groups, particularly workers unhappy with daily life under communism, the pro-democracy protests spread to other cities. The regime used the student revolt as an excuse to unleash an anti-Semitic campaign that was rooted in a settling of scores inside the Communist Party, which was split into two camps. Source :- yahoonews
Post a Comment
Read more

Tension with Israel 50 years after Poland's anti-Semitic campaign

By
On the 50th anniversary of a brutal anti-Semitic campaign in Poland, the country faces a diplomatic crisis with Israel over a controversial new Holocaust law. In 1968, partly to settle disputes inside the ruling Communist Party, the Polish government stripped many Jews of party membership -- and thus jobs -- prompting around 12,000 to leave the country. Today, Poland's conservative Law and Justice party (PiS) has been accused of trying to deny the Holocaust after introducing a law notably intended to prevent people from describing Nazi death camps in German-occupied Poland as Polish. "It's not the same today," said Adam Michnik, a prominent communist-era dissident who is now editor-in-chief of Gazeta Wyborcza, Poland's leading liberal newspaper. "There are certainly similarities. Once again there's a growing image of a Poland besieged by enemies and the enemies are the Jews who want to do us harm," he told AFP. Source :- yahoonews
Post a Comment
Read more