NZ to seek USA tariffs exemption - Robertson

Desiree Steele
March 10, 2018

Mr Trump sent global markets tumbling late last week with his announcement of a 25 per cent tariff on steel and 10 per cent tariff on aluminium to protect U.S. producers.

Its foreign minister, Julie Bishop, said her government would be lobbying hard.

The tariffs will go into effect 15 days from the proclamation signing, according to a White House official who briefed reporters on background.

Trump said Cohn would not return in the same position, though, because he wasn't "quite as strong" on tariffs. On Wednesday, 107 House Republicans signed a letter to Trump urging him "to reconsider the idea of broad tariffs to avoid unintended negative consequences to the USA economy and its workers". That requires a multilateral solution.

NZ to seek USA tariffs exemption - Robertson

The order marked the first time in more than three decades that a US president has invoked national security as the basis for ordering such trade restrictions. "The important part of this process is to get that detail and then consider the next steps". "I saw a tweet, just came in from Elon Musk who's using our wonderful space facilities and did a great job three weeks ago". "There isn't anything about this that's going to turn out well for us".

The United States bought just 1.1 percent of China's steel exports previous year compared with 12 percent for South Korea and 5 percent for Japan, according to the U.S. International Trade Commission.

"I have a feeling we're going to make a deal on NAFTA", Trump said at the White House alongside a group of steelworkers, citing the "unique nature of our relationship with Canada and Mexico".

He described Australia as "a great country, a long-term partner" and said "we will be doing something with them".

Trump praised his top trade representative during his remarks Thursday, and said Lighthizer would be responsible for negotiating with countries seeking additional exemptions from the aluminum and steel levies.

In addition, countries with a security relationship with the United States will be "welcome to discuss" alternative ways to resolve the issue, officials said.

"Today, I'm defending America's national security", he announced.

The spokesman sharply criticised the imposition of punitive tariffs by the United States and said European producers would suffer "significantly from the loss of one of their most important export markets".

He said: "We will, of course, be looking to see how we can maximise the UK's case for exemption under these particular circumstances".

"If this action takes effect, it would inevitably deal a serious blow to South Korea's steel exports to the U.S".

McMaster University business professor Marvin Ryder says Trump "is as unpredictable as the weather". It will cost us American jobs. Paik Un-gyu, the country's minister of trade, industry and energy, said in a meeting Friday with senior officials from Korean steelmakers.

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