Europe is out of the US tariffs on steel and aluminum that will come into force tonight. For the time being, the United States will exempt its ally from the Old Continent from the protectionist fury that seems to have conquered the White House. Save for now also Australia, South Korea, Argentina and Brazil. US Trade Representative Robert Lighthizer said: "President Donald Trump has decided to suspend the imposition of tariffs on these countries," Lighthizer told the Senate Finance Committee, according to Bloomberg reports.
“We have the two NAFTA countries and we know which they are (Canada and Mexico, ed). We have Europe, Australia, Argentina, Brazil and South Korea that we are negotiating with,” he said in a congressional hearing asked about which countries will be exempt from tariffs.
Slap Trump to China, tariffs and sanctions for 50 billion – Donald Trump would instead be ready to announce new ones during the day tariffs and sanctions against China worth at least $50 billion. The NYT reports it, explaining that the move is motivated by the need to punish Beijing for the theft of technological and commercial secrets.
The measures will affect Chinese imports in one hundred commercial categories, from footwear to electronics, and will impose restrictions on Chinese investment in the US.
The indiscretion arrived, precisely, on the eve of the operation of the duties on steel and aluminum and sent the stock exchanges into a tailspin: first the iimpact on European lists, then on Wall Street which opened decidedly lower also due to fears of rate hikes, beyond expectations, by the Fed. Facebook scandal which shows no signs of diminishing with a tough stance by advertisers against Mark Zuckerberg's social network.
