Trump addresses link between violent video games, crime
- Author: Anthony Vega Mar 11, 2018,
Mar 11, 2018, 1:01
ANALYST'S VIEWPOINT: Junichi Makino, analyst at SMBC Nikko said the tariffs were more damaging to free trade in principle than to the actual realities of economic growth. "I just want fairness". South Korea's Kospi was a notable riser, jumping 1.1 percent on news that Trump plans to meet with North Korea's leader.
The first indication of that was a statement made by The Washington Council on International Trade, which announced this week that it strongly disagrees with the Administration's tariff announcement on steel and aluminum.
As Trump vows to sign new bilateral treaties and amend the North American Free Trade Agreement, congressional leaders could seize the moment to reaffirm their role in U.S. trade policy.
House Speaker Paul Ryan, who is also from Wisconsin, issued a rare statement publicly breaking with the president.
"I'm not sure there are any winners in trade wars", said Johnson, who ran a plastics manufacturing business in Wisconsin before being elected to the Senate.
Democratic Sen. Dick Durbin of IL said Trump's action was "like dropping a bomb on a flea" and could carry "huge unintended consequences for American manufacturers who depend on imported materials". "Consumers pay higher prices or producers are hurt through some retaliatory policy". During that period, American presidential leadership played a crucial role in lowering barriers to worldwide trade, establishing global rules and organizations for cross-border commerce - particularly between countries in a growing US-sponsored trading order - and steadily expanding the volume and value of traded goods and services. Other countries with a "security relationship" to the USA may seek exemptions by opening talks with the Administration on "alternative ways" to address the threats their products allegedly pose to national security.
He said other countries could be spared if they can convince the administration that their steel and aluminum exports don't threaten American industry. Most economists have questioned the benefits of tariffs compared to their economic costs, especially in light of the global competitive boost from the recently enacted Tax Cuts and Jobs Act.
The European Union warned before the announcement that it was ready to retaliate with counter-measures against iconic US products such as Harley Davidson motorcycles, Levi's jeans and bourbon.
Trump tweeted on Friday that he spoke with Australian Prime Minister Malcolm Turnbull about trade and military cooperation.
The EU executive said it remained unclear how an exclusion would work. Japanese Foreign Minister Taro Kono called the decision "extremely regrettable", predicting it could have a major impact on the economy and the relationship between the US and Japan, as well as the global economy.
During his meetings with USA agricultural leaders, MacAulay said he has run into "hardly any negative talk about NAFTA" and has found "like-minded people ... who understand the value of trade", though he also acknowledged that improvements could be made to the trade pact, according to the story written by Ching Lee. China is also the potential target of far more wide-ranging US action over what Washington says is its theft of intellectual property and coercion of USA firms to share commercial secrets.
Less than 24 hours after the White House uploaded it to YouTube, the gory and ultra-violent video has been viewed more than 600,000 times. The talks are expected to resume early next month.
The stock market took a large hit Wednesday morning following the announcement that Gary Cohn, chief White House economic advisor to President Trump, had resigned.