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Seko asks U.S. to exclude Japan from metal tariffs

12 March 2018

The new tariffs imposed by the U.

"We expressed our concern".

President Donald J. Trump is applauded by steel and aluminum industry executives at a meeting on tariffs. The EU is still seeking clarity from Washington about whether the 28-nation bloc will be exempt from U.S. President Donald Trump's steel and aluminum tariffs.

Paul Czachor, CEO of American Keg Co.in Pottstown, which manufactures beer kegs using only American-made steel, said he is very concerned with the tariffs.

Trump declared during the White House ceremony.

But a lobbiest for the U.S.

"The misuse of the "national security exception" clause by the U". The tariffs would "seriously impact the normal order of global trade", the Ministry of Commerce said.

Trump said the domestic steel and aluminum industry has been "ravaged by aggressive foreign trade practices".

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According to statistics from Australia's Department of Foreign Affairs and Trade, the country's exports of steel to the US were worth $133.5 million in the 2016-2017 fiscal year and exports of aluminum to the USA were worth $129.6 million during that time. But he exempted Canada and Mexico and held out the possibility of excluding other allies.

Other officials at the EU, by far the biggest trading partner of the United States by value, have warned it could take counter-measures including European tariffs on USA oranges, tobacco and bourbon.

Brussels has already announced a list of U.S. products it could hit with countermeasures - including oranges, tobacco, peanut butter and bourbon - if its exports are affected by the tariffs, with European Commission head Jean-Claude Juncker saying the EU could match "stupid with stupid".

"We've got it, that's terrific", he said.

"Europe is certainly not a threat to American internal security so we expect to be excluded", European trade commissioner Cecilia Malmstrom said in Brussels. Numerous measures would raise tariffs on United States products from politically-sensitive areas, such as the home districts of congressional leaders, and range from motorcycles to bourbon to peanut butter.

Asked at the conference whether she was ready to react if the 28-country European Union was included in the USA tariffs, Ms Malmstrom said she stood ready to go to the WTO, the global trade arbiter, to impose the bloc's own safeguards within 90 days.

The EU exported about 5.5 million tons of steel to the USA past year.

United States trading partners were given a 15 day window to negotiate exemptions to the tariffs, due to come into effect in a fortnight.

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The new United States action will deal a heavy blow to Korean steel companies and they need to work together to minimise the impact by devising measures like raising competitiveness and diversifying export markets.

The USFIA says it strongly opposes tariffs, and other barriers to trade that ignore 21st-century supply chains and business operations.

"This has been an assault on our country", he said.

There is a trade deficit with the U.S., meaning more American products and services are bought down under than sent the other way.

Canada's exemption was "logical and right", Foreign Minister Chrystia Freeland told reporters in Toronto.

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

Trump also reiterated his commitment to killing NAFTA if no satisfactory deal is reached "and then we'll start all over again or we'll just do it a different way".

The remaining 11 countries in the agreement signed a revamped version of the trade pact Thursday in Santiago de Chile.

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Seko asks U.S. to exclude Japan from metal tariffs