Europe Ready to Battle With Trump Over Steel Threat

Stormy G20 ends with gestures for Trump on climate, trade

But Trump's move to protect the US steel industry outside the WTO framework could nonetheless irritate other the world leaders gathered at the larger G20 meeting in Germany this week.

The largest exporters of steel to the United States are Canada, Brazil, South Korea, Mexico, and Turkey, according to IHS Global Trade Atlas.

G-20 leaders will discuss steel overcapacity at this week's summit in Germany, European officials said, as tensions rise over President Donald Trump's plan to use a Cold War-era law to restrict steel imports for national security reasons.

The U.S., under Section 232 of its Trade Expansion Act, can impose tariffs and other trade restrictions if imports are seen as weakening industries crucial to national security.

The EU is the world's second largest steel producer after China.

The EU might impose retaliatory duties on whiskey, orange juice and dairy products should the US decide to raise steel tariffs, the Financial Times reported that day. Thousands of protesters have descended on Hamburg - a city with a long history of protests and riots, where the meeting will be held Friday and Saturday - to demonstrate against everything from globalization and capitalism to the controversial leaders who will be there, most notably Mr. Trump, President Vladimir Putin of Russian Federation and President Recep Tayyip Erdogan of Turkey. So much for China working with us - but we had to give it a try!

UNESCO declares Hebron shrine Palestinian, Israel pulls United Nations funding
In an intractable and long-running battle, Unesco's recognition is, at least, a move in the right direction for Palestinians. The secret vote in the Polish city of Krakow saw the Palestinian proposal pass 12 to 3 with six abstentions.

Leicester €14m deal for defensive midfielder potentially done in 'coming hours'
The midfielder is now set to fly to the East Midlands to negotiate personal terms and complete a medical. Once all fitness checks are out of the way, he will return to Sevilla to publicly bid fans farewell.

In new health care stance, Warren says Obamacare isn't enough
Warren also called out Democrats, saying, "Now it's time for the next step". "Understand that Donald Trump and these Republican majorities are poised to deliver the knockout blow".

As the Friday start of the Group of 20 economic summit in Hamburg approaches, the Trump administration represents one of the chief sources of uncertainty in global trade.

Global institutions such as the World Trade Organization are premised on the concept that trade is in their members' mutual interest and that they will therefore rarely, if ever, seek exceptions to the rules based on subjective individual claims such as national security - as opposed to measurable violations such as dumping goods below production cost. Juncker said that Europe expects to increase its exports to Japan by a third after trade barriers drop away.

The administration argues that the U.S.is too dependent on foreign steel for military equipment and infrastructure such as roads and bridges.

European countries would prefer a multilateral solution on steel, he said.

Trade analysts expect G-20 leaders to persuade Trump to eschew national security tariffs on steel and aluminum because of the blow-back effect they could have on the stability of the worldwide trading system.

His counterparts are bracing for fresh surprises after Trump stunned the world by pulling out of the 2015 Paris climate pact, questioned long-standing North Atlantic Treaty Organisation allegiances and dismissed free trade principles.

Related news:

Hot News

isis-killer-beheading-video-story-top Geraint Thomas crashes out of Tour de France
Jul 10, 2017 - 00:12
Froome soon returned to the favourites before forcing a selection with Porte as the pair exchanged a volley of accelerations. Although the group went with Aru, they neutralised the Astana rider, and allowed Froome to get back into the group.

isis-killer-beheading-video-story-top An Acrobat Falls To His Death At Spanish Music Festival
Jul 09, 2017 - 00:17
An acrobat performing at a Madrid music festival fell almost 100 feet in front of an audience of 35,000 on Friday. Organizers went on to say a heartfelt tribute will be paid to the artist at Saturday night's concert.

isis-killer-beheading-video-story-top Without budget, Wednesday's Powerball final one for IL lotto players
Jul 08, 2017 - 00:12
The state lottery requires a payment from the legislature each year. If a budget is passed, ticket sales for Mega Millions will resume.

isis-killer-beheading-video-story-top United Kingdom police arrest man in connection with Manchester attack
Jul 08, 2017 - 00:09
We do however suspect others were either aware of or complicit in the knowledge of this attack. Officers and the Crown Prosecution Service are now speaking with the Libyan authorities.

Jeremy Corbyn to meet Michel Barnier next week to talk Brexit
Jul 07, 2017 - 00:29
Mr Barnier said time was tight to reach a deal by the end of March 2019 deadline under Article 50, remarking that " time flies ". He also insisted that his job was to "limit the cost of Brexit for the 27 as much as possible".

isis-killer-beheading-video-story-top 'Relaxed and rejuvenated' Roger Federer chases record eighth Wimbledon title
Jul 06, 2017 - 00:10
America's John Isner said players owed it to the fans to stay and fight on court for as long as possible. The question always is, should they have started the match at all.

isis-killer-beheading-video-story-top China Face Off: Situation Remains Tensed, China Accuses India Of Betrayal
Jul 05, 2017 - 00:08
But it is this convention which has confirmed the alignment of the boundary between the two sides at the Sikkim section. Sikkim , which became a part of India in May 1976, is the only state which has a demarcated border with China.

Actress Stevie Ryan kills herself aged 33
Jul 04, 2017 - 00:14
Ryan's apparent cause of death has been ruled a suicide by the Los Angeles County Coroner's Office . I know you've been struggling and you were trying to get help.

isis-killer-beheading-video-story-top Libya's oil output tops one million barrels per day
Jul 04, 2017 - 00:14
In fact, WTI technically entered a bear market when it closed at $42.53 on June 21, marking a 20% decline from its April peak. Like oil, a string of weekly rig additions has meant that the present count sits comfortably above the year-ago tally of 89.

isis-killer-beheading-video-story-top Nitish Kumar denies rumours of tension in the Mahagathbandhan
Jul 04, 2017 - 00:13
Earlier, JD (U ) has decided that it would not participate in the rally as a party. Nitish's statements intensify the cracks within the Opposition.

isis-killer-beheading-video-story-top State shutdown Day 2: Updated list on what's open and closed
Jul 03, 2017 - 00:53
But all state parks will be closed , an unwelcome prospect for residents celebrating the Fourth of July holiday on Tuesday. Also, Christie said he approved the signs of Prieto and that they are "official government advise".

isis-killer-beheading-video-story-top Trump's Mika Brzezinski tweets show that he hates women
Jul 03, 2017 - 00:38
Mika Brzezinski answers a question from Willie Geist on the set of " Morning Joe ", as Joe Scarborough and Donny Deutsch look on. Asked by an interviewer in 2016, which of Trump's habits she would like him to give up, Melania Trump had said, "The tweeting".

isis-killer-beheading-video-story-top 'Devastated' Adele cancels final two London concerts
Jul 02, 2017 - 01:12
When Adele opened her world tour in Belfast in March last year, it was her first United Kingdom concert in four-and-a-half years. She said refunds would be available to fans if shows can not be rescheduled, signing off with: "I'm sorry, I'm devastated ".

isis-killer-beheading-video-story-top France's Le Pen Put Under Formal Investigation Over EU Funds
Jul 01, 2017 - 00:20
The 48 year old head of the National Front is being investigated for breach of trust and has denied any wrongdoing. She has previously denied any wrongdoing in the case she claims is politically motivated.

isis-killer-beheading-video-story-top Guillermo del Toro is a huge fan of Edgar Wright's Baby Driver
Jul 01, 2017 - 00:16
Baby Driver is almost a flawless film and one that everyone, not just Edgar Wright fans should be racing out to see. Wright times the action to the best of the music as a trademark in his films, and this one is no exception.