Saturday, 22 September, 2018

Koch network announces plan to oppose Trump tariffs

U.S. Allies Push Trump for Change of Heart as Trade War Looms U.S. Allies Push Trump for Change of Heart as Trade War Looms
Jodi Jackson | 06 June, 2018, 03:29

Koch Industries is the United States' second-largest privately held company and makes everything from toilet paper to fertilizer.

His promise comes after Canada, Mexico and China have threatened levies on American agriculture goods in response to new USA tariffs and American farmers, who helped put Trump in the White House, worry they will take the brunt of the global anger at the president.

The Canadian Prime Minister has also attacked Trump's tariff decision and called them "insulting and unacceptable" and said that Canada would not be "pushed around".

In its official gazette, the ministry said it will impose 20% to 25% tariffs on USA cheese, 20% on apples and potatoes, 20% on pork legs and shoulders and 25% on steel products, as first reported by Reuters.

The Trump administration has imposed steel and aluminum tariffs on other countries including Canada and Mexico. When Harry Reid was Senate majority leader, the Nevada Democrat routinely railed against the duo in the run-up to the 2014 midterm elections as "power-drunk billionaires" intent on buying American elections to suit their purposes.

Not acceptable!" In a conference call later today with grassroots supporters, he said: "We will be in a very strong position very soon.

Chicago Mercantile Exchange hog futures at one point fell more than 2 percent following the Mexico pork tariff announcement.

In Minnesota, about 14 percent of the state's $7.1 billion of annual agricultural exports goes to Mexico, one of the state's top export markets, said Matthew Wohlman, Minnesota Department of Agriculture deputy commissioner.

De la Vega said he expected US pork farmers who rely on the Mexican market to offer discounts to safeguard their relationships with buyers.

All options are being looked at as the industries grapple with new tariffs imposed by the U.S., Bains said.

Tory MP Jacob Rees-Mogg warned earlier that "tit-for-tat retaliation" could make a trade war worse, saying history shows "protectionism is worst for the country that imposes it". "Why is the prime minister waiting three weeks to impose these counter-measures specifically on steel and aluminum when the USA tariffs came into effect right away?"

Canada, the second-largest trade partner, behind China, responded with "dollar-for-dollar" tariffs against USA steel and aluminum exports. "Canada is as abused as the U.S.is and it's about time someone stood up for the Canadians also".

The United States and Mexico do $600 billion in annual trade and about 16 percent of US goods exports go to its southern neighbor.

At issue are 25 percent tariffs on steel and 10 percent of aluminum that come from the European Union, fees Trump slapped on abruptly late last week even as the two sides were discussing possibly extending a temporary waiver the European bloc had been granted. Last week Washington said it was moving ahead with the metals tariffs on imports from Canada, Mexico and the European Union, ending a two-month exemption.

According to Hernandez, tariffs will not result in a price spike in Mexico since the country has other markets to buy from.

He believes that it is at best outdated, and all the concessions that the USA made after World War II to Europe and Asia are no longer appropriate. (The Koch family owns brands like Dixie Cups and Lycra.) The U.S. Chamber of Commerce, the National Association of Manufacturers, and the National Retail Federation, among many others, have denounced the tariffs as growth-killers.

WASHINGTON: China offered to buy almost $70 billion in American farm, manufacturing and energy products to persuade Washington to drop threatened tariffs, according to a news report on Tuesday.

"Mexico has the right to take measures with equivalent commercial effects", the economy ministry said in a statement explaining the tariffs.

Recommended

  • Curry sinks NBA Finals record 9 3-pointers in Warriors romp

    Curry sinks NBA Finals record 9 3-pointers in Warriors romp

    National Basketball Association officials said via Twitter , "We missed this one - it should have been a foul". And while Game 3 tips off in Cleveland tomorrow night, James still gets questions about his Game 1 reactions.
    White House promotes fitness with a field day on the South Lawn

    White House promotes fitness with a field day on the South Lawn

    She was hospitalised on the 14th May and spent following the five days in hospital, recovering from a kidney operation. Reporters turned to look at the spot he indicated, but there was no sign of the first lady.
    United States  allies vow to retaliate over Trump's metal tariffs

    United States allies vow to retaliate over Trump's metal tariffs

    The administration is taking the action under a relatively obscure US trade law meant to protect national security . In the name of national security, the Trump administration is also investigating possible limits on foreign cars .
  • Property losses mount on Hawaii's Big Island as lava flow spreads

    Property losses mount on Hawaii's Big Island as lava flow spreads

    Police on Monday said a man sped through a checkpoint near an intersection where lava was approaching. Kim and Okabe live in Hilo, the county's seat, which is more than an hour drive from the Kapoho area.
    Indian economy expands 7.7 pc in Q4, 6.7 pc in FY18

    Indian economy expands 7.7 pc in Q4, 6.7 pc in FY18

    He emphasized that this is the development under leadership of Prime Minister Narendra Modi and Union Minister Arun Jaitley. The role of fiscal policy was also clear in government consumption data that saw a growth of 16.8 percent year-on-year.
    What to expect at Apple's WWDC 2018

    What to expect at Apple's WWDC 2018

    Whatever the WWDC 2018 keynote announcements may be, the software updates likely won't be available for a few months. Ideally, GDPR-level control for users should become standard for all apps across Apple's multiple operating systems.
  • Is Microsoft acquiring GitHub?

    Is Microsoft acquiring GitHub?

    Negotiations talks by the tech giant Microsoft to acquire GitHub started in 2016, but never advanced enough, until now. Many tech companies and individual developers use the platform to store and share certain code, and collaborate.
    U.S.  allies hit back over steel and aluminium tariffs

    U.S. allies hit back over steel and aluminium tariffs

    The European Union is planning to answer USA tariffs on steel and aluminum by hiking tariffs on various goods coming from America. House Speaker Paul Ryan, who is not seeking re-election, said he disagrees with the decision.
    Chelsea linked with a move for Real Madrid star Gareth Bale

    Chelsea linked with a move for Real Madrid star Gareth Bale

    The Frenchman took over a divided dressing room after the sacking of Rafael Benitez in January, 2016 and immediately set about uniting the squad.
  • CELTICS TALK PODCAST: Game 7 learning experience; Why was Kyrie missing?

    CELTICS TALK PODCAST: Game 7 learning experience; Why was Kyrie missing?

    The good news on that front is that they have a pair of All-Stars coming back next season that missed the playoffs due to injury. That's going to eat at all of us for a while". "We think this is the final step from a medical standpoint", Ainge said Thursday.
    Arkady Babchenko: The Russian reporter who came back from the dead

    Arkady Babchenko: The Russian reporter who came back from the dead

    Russian journalist Arkady Babchenko has died after being shot near his home in Kiev, Ukrainian police say. Babchenko is a well-known critic of Russia's policies toward Ukraine.
    Italian PM quits four day after being asked to form government

    Italian PM quits four day after being asked to form government

    That would have been previously unthinkable, given it would be hampered by low voter turnout due to Italian summer vacations. Cottarelli added: "This circumstance, also considering market tensions, has compelled me to wait for further developments".

Qualcomm launches Snapdragon 850 platform, boosts "Always Connected" Windows 10 PCs Qualcomm launches Snapdragon 850 platform, boosts Qualcomm has unveiled the Snapdragon 850 processor, which will power the next generation of always-connected Windows 10 devices . Qualcomm is leaning into the auxiliary features of the new chip with the launch, including the wide array of audio technology.

MacOS Mojave unveiled - Gets Dark Mode MacOS Mojave unveiled - Gets Dark Mode It's been many years since the Mac App Store has been given some love, so it's fair to say this design overhaul is long overdue. There are brand new tabs to Discover, Create, Work, Play, and Develop with curated app collections based on specific purposes.

Why Are There Restrictions for Melania Trump's Latest Appearance? Why Are There Restrictions for Melania Trump's Latest Appearance? A spokesperson for Melania Trump told Yahoo's Hunter Walker that the first lady would also be skipping the event. "Mrs. Trump stayed in the hospital for five days and has kept out of public view since returning home May 19.

Apple WWDC: A Look at the New Features Coming Soon to iPhone Apple WWDC: A Look at the New Features Coming Soon to iPhone These buttons can track users around the internet, as can some comment widgets, which Apple is also blocking in the update . Even if users click to share an item, they will get a prompt with an option to prevent subsequent tracking.

Matteo Salvini: Italy and Sicily can not be Europe's refugee camp Matteo Salvini: Italy and Sicily can not  be Europe's refugee camp But she said Salvini's actions and frequent public praise of Putin "gives rise to suspicions". Salvini and Soros have always been at odds, particularly over migration policy.

Guatemala volcano: At least 25 dead, hundreds injured in eruption Guatemala volcano: At least 25 dead, hundreds injured in eruption Another victim was found in the streets of El Rodeo by volunteer firefighters and later died in an ambulance. The conical Volcan de Fuego reaches an altitude of 12,346ft (3,763 meters) above sea level at its peak.

Trump pardoning himself 'unthinkable and would lead to impeachment', says Giuliani Trump pardoning himself 'unthinkable and would lead to impeachment', says Giuliani Indeed, he could "terminate the inquiry, or even exercise his power to pardon" himself at any time "if he so desired". Laywer Elura Nanos, writing for Law & Crime , said a pardon would be "too much for" Trump's presidency to bear.

US Crude Oil Output Hits Record 10.47-M BPD in March US Crude Oil Output Hits Record 10.47-M BPD in March US West Texas Intermediate crude had lost 16c or 0.2% to $66.88 a barrel by 4.23am GMT, after falling nearly 2% on Thursday. Output at the world's largest listed oil producer Rosneft edged up by 0.2 percent in May from April.

Record-breaking Curry puts Warriors 2-0 up Record-breaking Curry puts Warriors 2-0 up Meanwhile, despite lacking Andre Iguodala , the Warriors' supporting cast was what you'd expect from such a disciplined squad. Watching Smith take matters into his own hands undid all the hard work Cleveland put in throughout Game 1 of the Finals .

Netanyahu: Israel considers it possible to attack Iranian forces in Syria Netanyahu: Israel considers it possible to attack Iranian forces in Syria Russian Federation said last week that only Syrian army troops should be on the country's southern border with Jordan and Israel. Israel has had a channel to Moscow since Russian Federation first established its air presence in Syria in fall 2015.

Greitens computer tampering case will be dismissed Greitens computer tampering case will be dismissed Though Greitens had apparently made a decision to resign days earlier, he began the week as though he would continue his fight. A special prosecutor assigned to the case said on Tuesday that her investigation will continue, according to local media.

Bobby Brown says Pusha-T's album cover is "in really bad taste" Bobby Brown says Pusha-T's album cover is No caller ID. [Kanye says], 'Hey, yeah, I think we should change the artwork.' And, 'I like this other artwork. This is his first full-length album since his 2016 release, The Life of Pablo .

Judge: June 15 deadline in study of materials in Cohen raids Judge: June 15 deadline in study of materials in Cohen raids District Judge Kimba Wood said a special taint team of prosecutors will make determinations after that date. Avenatti's involvement in the case so far, Ryan argued, has "turned (it) on it's head".

Summit with N. Korea is back on for June 12 Summit with N. Korea is back on for June 12 What did Trump say today? Pompeo said that after a series of meetings he believes the talks are going in "the right direction". North Korea is estimated to have more than a dozen nuclear weapons.

Trump considering commuting Blagojevich sentence Trump considering commuting Blagojevich sentence D'Souza said in one tweet that the students had received the "worst news since their parents told them to get summer jobs". So just who is Dinesh D'Souza? That prosecution was led by one of Bharara's predecessors as USA attorney, James B.