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Global Trade Trends
- Sep 13, 2018 -

1. [The President of the American Aluminum Association called for Trump to exempt Canada and Mexico from aluminum tariffs] Heidi Brock, Chairman and CEO of Alcoa, yesterday called on the Trump government to exempt Canada and Mexico from aluminum tariffs because of the North American Free Trade Agreement. (NAFTA) negotiations have ended. In a letter to US Trade Representative Robert Letshze, Brock encouraged the US government to “use this negotiation process to resolve any national security issues raised by Canada and Mexico in the 232 report of the Department of Commerce.”

 

2. Trump upgrades the trade war and threatens to impose tariffs on almost all Chinese goods. Reuters/Washington - US President Trump warned that he is prepared to impose tariffs on almost all goods imported from China, in addition to taxing $200 billion worth of goods in the next few days, plus another $267 billion. Goods taxation. These measures will greatly increase the trade war between the United States and China. China threatens to retaliate, which may include taking action against US companies operating in China. A few hours after the end of the US public consultation period on China’s $200 billion in tariffs, President Trump told reporters on Air Force One that he “has toughened China because I have to do this.” “We discussed The $200 billion (China commodity taxation measures) may soon be implemented, depending on their performance. In a way, it depends on China," Trump said. "I don't want to say that, but after that. If I hope, I am ready to add another $267 billion worth of additional tariffs to Chinese goods. This will change the sides of the equation."