LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

White House opens door to tariff exclusions for some countries

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Thu, Mar 08, 2018
02:48 am
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

The White House on Wednesday raised the possibility that U.S. tariffs on steel and aluminum imports could exclude a clutch of countries other than Canada and Mexico as pressure grew on U.S. President Donald Trump to impose targeted measures that would not harm America`s allies.

Trump is set to authorize the steep tariffs by the end of the week, White House spokeswoman Sarah Sanders said, a day after the resignation of economic adviser Gary Cohn, who opposed the move.

"We expect that the president will sign something by the end of the week and there are potential carve-outs for Mexico and Canada based on national security, and possibly other countries as well based on that process," Sanders told a regular media briefing. "It will be country by country, and it will be based on national security."

A White House official said Trump hoped to sign the presidential proclamation on Thursday afternoon but it could slide to Friday so that documents could be cleared through a legal process.

The tariffs would take effect about two weeks after Trump signs the proclamation, according to a senior U.S. official.

The tariffs would impose a duty of 25 percent on steel and 10 percent on aluminium to counter cheap imports, especially from China, that he says undermine U.S. industry and jobs.

Action that does not include exemptions risks retaliatory tariffs on U.S. exports - not least by Canada and Europe - and complicates already tough talks on the North American Free Trade Agreement (NAFTA).

Trump said on Monday that Canada and Mexico would only be excluded after the successful renegotiation of NAFTA.

The departure of Cohn, who was seen as a bulwark against Trump`s economic nationalism, clears the way for greater influence by trade hard-liners such as Commerce Secretary Wilbur Ross and Peter Navarro, Trump`s trade policy adviser, and the possibility that the tariffs will be implemented.

Sanders said Trump was considering several candidates to fill Cohn`s position, while Navarro said he was not short-listed for the job.

The increased likelihood of tit-for-tat trade measures and a warning by the International Monetary Fund that it could hurt global growth hit shares, oil and the dollar.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Free Covid 19 vaccine, increasing Delhi's per capital income to Singapore's level to focus on Yoga- Check out key highlights of Delhi government 'Deshbhakti Budget'

Big development - 6-month CHILD CARE LEAVE for government employees in THIS state announced

Punjab National Bank share price: Ventura Securities initiates coverage with a BUY for a price target of Rs 54

GST Refund: This is how you can track your application without logging in to GST Portal - Explained

Government notifies use of E20 fuel for two-wheelers and cars, says it will reduce Carbon Monoxide emission

Infosys, HCL Tech are top stock picks of HDFC Securities I Key highlights for Investors

Yes Bank and SBI share price: Check what just happened to targets of these lenders

Nazara Technologies IPO: Rakesh Jhunjhunwala has stake here I Key highlights for investors on this stock from Elara Capital

MTAR Technologies IPO Allotment Status, Share Subscription: EASIEST WAY! Check online at bseindia.com

Hyper localisation, high personalisation to drive customer engagement in digital era: Airtel Report

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved