Trump tariffs expected this week, with no country exemptions: Ross

Commerce Secretary Wilbur Ross on potential price increases from Trump tariffs: 'No big deal'

Commerce Secretary Wilbur Ross used cans, including a can of Campbell's Chicken Noodle Soup, to explain that President Donald Trump's new tariff on steel and aluminum is not too bad.

During a meeting with US steel and aluminum industry executives, part of which was open to the media, Trump provided no further details such as which countries will be subject to planned import restrictions.

Trump tweets Sunday night that the American "steel and aluminum industries are dead".

"Any new broad based tariffs on imported tin plate steel - an insufficient amount of which is produced in the U.S. - will result in higher prices on one of the safest and more affordable parts of the food supply", a spokesperson said. Mr. Navarro predicted concrete action as soon as this week.

There's been speculation Trump may consider exempting some USA allies.

"Any new broad based tariffs on imported tin plate steel - an insufficient amount of which is produced in the U.S. - will result in higher prices on one of the safest and more affordable parts of the food supply", the spokesperson, Thomas Hushen, said in an email.

"I think you have to take the president at his word".

No force can stop BJP: Raman Singh tells KCR
I promise today, that if needed to step into national politics and to improve it, I will announce it to Modi as well. The Senior Congress leader and former MP V Hanumanth Rao charged the ruling TRS and the BJP.

The protectionist move fulfills a campaign promise to protect American manufacturers, but is pitting him against free-market Republicans and American trading partners who are warning it would ignite a trade war.

Earlier in the day, a major Korean business lobby, Federation of Korean Industries, said it has asked 565 U.S. lawmakers, officials and opinion leaders to press the Trump administration to reconsider the action.

"I have no reason to believe he's going to change his mind", Mr. Ross said.

Thanks to President Trump's tariffs, a financially-troubled Campbell Soup Company will need to pay up to an additional $27.3 million to buy the imported steel that it cannot avoid given the limited capacity of USA steel producers in order to deliver the same 440 million cans of soup to the market, which would be on top of the $114.4 million than it is now paying to do so at Ross's $0.026 per can cost point.

"Sure they may well be some sort of retaliation, but the amounts that they're talking about are also pretty trivial", Ross said, estimating that the Europeans might put an extra tax on $3 billion worth of American goods. "In the can of Campbell Soup, there's about 2.6 cents, 2.6 pennies worth of steel, so if that goes up by 25 percent, that's about 6/10 of one cent on the price of Campbell Soup", Ross said.

Jean-Claude Juncker, who heads the European Commission, warned that the EU might impose its own taxes on items such as Harley-Davidson motorcycles and bourbon - products that are near and dear to the economies of Wisconsin and Kentucky, the respective home states of House Speaker Paul D. Ryan and Senate Majority Leader Mitch McConnell. The flood of Chinese steel has been blamed for the loss of USA 50,000 jobs since 2000, a year before China joined the World Trade Organization.

Trump said last week he plans to impose tariffs of 25% on imported steel and 10% on aluminum, a move that could spark a global trade war. "So it's no big deal", Ross said.

Tributes for Bannister, record-breaker who went the extra mile
Running the imperial four laps in sub four minutes was the athletic equivalent of reaching the south pole, or the moon. And he also came second to Bannister in what was billed as "The Mile of the Century" at the Empire Games in 1954.

"Gary was certainly part of the interagency process", he said. "The President makes the decision".

Republicans are pleading with the president to reconsider.

DiNicco said Trump needs to get tough with China, whose entry into the World Trade Organization in 2001 accelerated the decline of USA factories. "It's only going to hurt American consumers and our allies", said Sen. "You're making a huge mistake here".

"Please reconsider", he said on CBS's "Face the Nation". "Go after China, not the rest of the world".

Lidington says "the United States is not taking an advisable course in threatening a trade war", adding that "trade wars don't do anybody any good". "The people who have given away jobs in this country".

A frequent target of Mr Trump's criticism on trade, China accounts for 2 per cent of U.S. steel imports. "And we're [talking] about a fairness to the system".

Dublin supermarket is looted using machinery
Garda Enda Waters told the court that when charged, Mr Freeman replied: "I wasn't there to be stealilng or robbing anything". Shortly after this incident occurred, guards arrived on the scene and nine people were arrested.

Related news:

Hot News

isis-killer-beheading-video-story-top French Officials' Comments on Iran Missiles Forbidden
Mar 05, 2018 - 12:24
Iranian officials have repeatedly said that the country's missile program is aimed for defense purposes and is nonnegotiable. Jean-Yves Le Drian's visit was scheduled for January, but it was delayed after student-led protests broke out in Iran.

isis-killer-beheading-video-story-top Mickelson relieved after ending drought
Mar 05, 2018 - 12:21
Shubhankar Sharma, the 21-year-old from India who started with a two-shot lead, didn't make his first birdie until the 12th hole. But he closed with a three-over 74 that included five bogeys and just two birdies and left him tied for ninth, six shots adrift.

isis-killer-beheading-video-story-top Busch wins hometown NASCAR Truck race in Las Vegas
Mar 05, 2018 - 12:20
But by late in the final stage, Busch began to pick up momentum and moved into second with just over 15 of 267 laps remaining. But Vegas took on added importance this year with a second Cup date also serving as the first race of the NASCAR postseason.

isis-killer-beheading-video-story-top Tiffany Haddish re-wears 'Girls Trip' gown to Oscars
Mar 05, 2018 - 12:19
Tiffany added: "So many ". "Because my daddy from Eritrea and he passed away, and I want to pay respect". And if I ever end up at the Oscars to honor my people .

isis-killer-beheading-video-story-top Tyrrell Hatton looks ahead to the WGC Mexico Championship
Mar 04, 2018 - 01:20
World No. 2 Jon Rahm of Spain is well within striking distance at 4-under after a round that featured six birdies and two bogeys.

isis-killer-beheading-video-story-top Weather: AMBER SNOW WARNING LIFTED
Mar 04, 2018 - 01:20
The Met Office said: "Further snow showers or perhaps longer spells of snow are likely at times through Friday". The Met Office says the cold weather could last into next week and possibly the following week.

isis-killer-beheading-video-story-top No contact with Mueller's team over Jared Kushner
Mar 04, 2018 - 01:19
Hours after the blockade was imposed, President Trump sent out several tweets in support of the action taken by Saudi Arabia , the UAE , Egypt and Bahrain .

isis-killer-beheading-video-story-top Supercolony Of Penguins Discovered On Antarctic Island
Mar 04, 2018 - 01:15
Of course, Polito knew that he couldn't count the penguins by hand, as the counting would be inaccurate and extremely hard . Plans are in place to expand the area to a 70,000 square miles (1.8 million square km) - or five times the size of Germany.

isis-killer-beheading-video-story-top Does it sound like Mike Zimmer wants Teddy Bridgewater as his QB?
Mar 04, 2018 - 01:14
Minnesota Vikings head coach Mike Zimmer spoke to the media Thursday from the NFL Scouting Combine in Indianapolis. Bridgewater was a first-round pick of the Vikings in 2014 and was named the NFL Rookie of the Year.

isis-killer-beheading-video-story-top FedEx claim ending NRA member discounts would be 'discrimination'
Mar 03, 2018 - 02:51
In a statement , the NRA accused the companies that dropped partnerships of "a shameful display of political and civic cowardice". Metlife Inc (NYSE: MET ) - There are no longer discounts for home and auto insurance for NRA members from this company.

isis-killer-beheading-video-story-top Slovak police detain Italians in hunt for journalist's killer
Mar 03, 2018 - 02:49
The murders have raised concerns about media freedoms and corruption in Slovakia and sparked a wave of global condemnation. Other anti-corruption protests and memorials are planned for Friday across Slovakia and in Prague, London and The Hague.

isis-killer-beheading-video-story-top Kenyan doctors open skull of wrong patient
Mar 03, 2018 - 02:48
Koros announced the suspension of a neurosurgeon, ward nurse, theater receiving nurse, and anaesthetist in response to the mix-up. In a weird incident in Kenya, four medics cut open the skull of the wrong patient at the Kenyatta National Hospital in Nairobi.

isis-killer-beheading-video-story-top US Ambassador to Mexico Will Resign Amid Trump Administration Tensions
Mar 03, 2018 - 02:46
At a time when distrust of the United States is high in Mexico , Guajardo said Jacobson is viewed warmly by Mexicans. However, she faced opposition from some lawmakers who disagreed with her role in improving U.S. -Cuba relations.

isis-killer-beheading-video-story-top North Korea takes gold for Olympic diplomacy
Mar 03, 2018 - 02:46
She met Moon on Friday as part of a weekend trip to lead the US delegation to the closing ceremony of the Winter Olympics. General Kim sat in the row behind the most senior U.S. delegate, Ivanka Trump, the daughter of the president.

isis-killer-beheading-video-story-top Turkish air strike kills pro-government gunmen in northern Syria
Mar 03, 2018 - 02:43
The Turkish army often uses the word neutralised in its statements to imply the militants were either killed, wounded or captured. According to the report, Turkish army shelled the battle area to allow the evacuation of wounded soldiers.