Markets

Of boomerang effect if Trump imposes car levies

Of boomerang effect if Trump imposes car levies”

"Increased import tariffs could lead to a smaller GM, a reduced presence at home and overseas for this iconic American company, and risk less - not more - U.S.jobs", the company said.

The EU's letter reportedly said the bloc had not yet decided on countermeasures to any new auto tariffs but said it was "likely" to apply them to "a significant volume of trade" in the event Trump imposed such tariffs.

Additionally, U.S. tariffs will inevitably lead to retaliatory measures from both China and the European Union.

The EU has warned Washington that a threat to slap Europe with major auto tariffs could inflict serious damage to the U.S. economy and would prompt strong retaliation.

Saudi Arabia's $90 billion reason to allow women to drive
The lifting of the driving ban is part of Crown Prince Mohammed bin Salman's programme to modernise some aspects of Saudi society. Another 2,000 more will join the first ten, all of which passed driving courses now offered at all-female university campuses.

He said, "They send a Mercedes in, we can't send our cars in". Harley Davidson announced it was moving some manufacturing overseas to avoid European Union motorcycle tariffs brought in as a response to U.S. duties on steel and aluminium imports.

"We'll spare no effort, be it at the technical or political level, to prevent this from happening", a spokesman for the Commission told reporters, adding that Commission President Jean-Claude Juncker's trip to Washington later this month would seek to stop any new USA tariffs. "Look what they do to our farmers".

The president announced 25 percent import tariffs on hundreds of Chinese products to pressure the country to alter its practices. "But we don't protect ours and they protect theirs", he said. Now in all fairness they have their farmers.

U.S. synth company Moog has warned that a 25% tariff on the import of Chinese goods brought in by President Trump could result in layoffs and the end of its instruments being made in the US.

OPEC edges closer to raising oil output
The country's oil minister has struck a confrontational tone, opposing OPEC making decisions based on pressure from U.S. President Donald Trump , who recently re-imposed sanctions on Iran.

The U.S. has complained about Chinese policies that Washington said either forced companies to relinquish key technology or allowed China to steal it outright.

The EU's letter reportedly said that it has not yet decided on countermeasures to possible auto tariffs, but said it is "likely" to apply them to "a significant volume of trade" in the event Trump imposes such tariffs.

Those measures would apply "across sectors of the U.S. economy", the letter reportedly said.

That tactic is similar to the EU's retaliation on metals tariffs that came after Trump's administration on June 1 struck Europe as well as allies in Canada, Mexico and elsewhere with tariffs on aluminium and steel.

Early penalty helps Japan beat Colombia 2-1 at World Cup
Japan did what no other Asian team had ever done at a World Cup - beat a South American squad on the biggest stage in football. The only nations that have played more games in the competition without recording a nil-nil are US (33) and Austria (29).

These companies support 120,000 direct and indirect USA jobs in plants across the country, the European Union said, pointing to sites in South Carolina, Alabama, Mississippi and Tennessee - southern U.S. states known for their unwavering support for Trump.



Like this

Latest


01 July 2018
Uruguay vs. Portugal - Football Match Report
Uruguay is the only team that didn't concede a goal in the first round - in a group containing Russia, Saudi Arabia and Egypt. And up front they boast two of the greatest goal-scorers of their generation in Luis Suarez and Edinson Cavani .

01 July 2018
Japan coach 'forced' to tell team to back off
- Japan have qualified out of the World Cup group stage for the third time in their history, also doing so in 2002 and 2010. However, Colombia's goal in the 74th minute of the other group match meant Japan was in second place and would advance.

30 June 2018
Siddarth Kaul Makes T20I Debut vs Ireland
Siddharth Kaul was in the Indian squad for the home ODIs against Sri Lanka in December, but was not picked ahead of Kumar-Bumrah. KL Rahul , who sat out the first match, scored 70 off 36 balls and with Suresh Raina hitting 69 off 45 as India totalled 213-4.

30 June 2018
Lonzo Ball could be reason the Lakers don't get Kawhi Leonard
In a testament to the closeness of James' inner-circle, there is essentially no certainty of what he'll do in free agency. However, Leonard will only reportedly sign a long-term deal with a Los Angeles team, either the Lakers or Clippers.

28 June 2018
Joe Jackson's Cause of Death: How Did MJ's Father Die?
In a June 24 tweet , Jackson himself talked about his end of days, writing "I have seen more sunsets than I have left to see". According to USA media reports , the father of 11 lost his battle with pancreatic cancer at 3.30 am in Los Angeles.

26 June 2018
Portugal held by late Iran penalty but still make last 16
The group stage of the 2018 World Cup is coming to a close, and the knockout bracket is coming into focus. He added: "We would have loved to have beaten Spain - that was why we came here".

24 June 2018
Netanyahu’s Wife Charged With Fraud, Breach of Trust
If convicted, she could face a maximum sentence of five years in jail although that seemed unlikely. The charges are the culmination of years of investigation into Sara Netanyahu's official expenses.

22 June 2018
Markets Right Now: Stocks fall on fresh worries over trade
US stock markets fell sharply Tuesday, with investors increasingly nervous about the impact of the escalating fight. In the latest move in an escalating trade dispute, President Trump announced Monday evening that he was asking U.S.

20 June 2018
Cristiano Ronaldo surpasses Ferenc Puskas as Portugal surge on in Russian Federation
Morocco were the better side but failed to find a breakthrough and their best chances kept falling to Juventus defender Benatia. Noureddine Arabat and Hakim Ziyach were particularly impressive as Morocco targeted Portugal down the flanks.

18 June 2018
5 dead after auto flips in Border Patrol chase in TX
During a press conference, Boy said 14 people were in the vehicle, including the driver and passenger. The driver and passenger are US citizens and are likely to face state and federal charges, Boyd said.



Recommended