Koch network planning major campaign against Trump’s tariffs

Cecilia Malmstrom the European Union’s Trade Commissioner

Cecilia Malmstrom the European Union’s Trade Commissioner

The PM's official spokesman said: 'The Prime Minister raised the United States decision to apply tariffs to European Union steel and aluminium imports which she said was unjustified and deeply disappointing.

CSPA President Joseph Galimberti met with Prime Minister Justin Trudeau Monday morning, days after the US imposed 25 per cent tariffs on some imports of foreign steel and 10 per cent tariffs on aluminum imports.

The president of the U.S. National Pork Producers Council, Jim Heimerl, said Mexico accounted for almost 25 percent of all pork shipments a year ago, adding that "a 20 percent tariff eliminates our ability to compete effectively in Mexico". As The Diplomat reported previously, on May 20 U.S. Treasury Secretary Steven Mnuchin declared the trade war to be "on hold".

He's in standoffs with Mexico, Canada, China, Japan and members of the European Union, the largest USA trading partner.

"Somehow it's sending a clear message that this sort of thing benefits no one, and affects all of us", he said.

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"It's a 20 percent (tariff) on legs and shoulders, fresh and frozen. with bones and without bones", said Heriberto Hernandez, president of Mexico's leading pork producers association OPORPA following a meeting on Monday with Economy Minister Ildefonso Guajardo.

Theresa May has told President Donald Trump in a phone call that USA tariffs on European Union steel are "unjustified and deeply disappointing".

While other World Trade Organization members are also considering retaliating by targeting iconic American products - such as bourbon whiskey and Harley-Davidson motorcycles - the escalating tensions between Mexico and the US may further complicate the renegotiation of the NAFTA trade accord.

Under ING's worst-case scenario, which it calls "all-out trade war", the USA economy would take the biggest hit, with output dropping by 2 percent over two years.

The emergence of the Koch brothers as household names, especially in political circles, accompanied the rise of the tea party movement during and after Barack Obama's campaign for the presidency. Mexico, Canada and China purchased half of USA pork exports in 2017.

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A worker cuts a piece from a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, U.S., March 9, 2018. "The Trump administration has taken some incredibly positive steps for the American economy, but tariffs will undercut that progress and needlessly hamstring our full economic potential", he said in a statement.

The tariff increases are created to hit areas that are politically favourable to Trump, such as pork production, Mexican experts said.

"So what you are saying to us, and to all of your North Atlantic Treaty Organisation allies, is that we somehow represent a national security threat to the United States", an exasperated Freeland told Bash.

More tellingly, the statement warned that promises made at previous talks would not be upheld if the Trump administration carried through on its threat of tariffs.

"Despite the strong incentives to avoid a trade war with the [United States], China can not tolerate the perception that it has yielded to USA demands", analysts at investment bank Nomura said in a research note Monday.

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"China does not demonstrate cowardice, but at the same time does not exert pressure on the United States amid trade frictions", Bian pointed out, stressing that Beijing has "a whole set of adequate countermeasures" to respond to Washington's tariff war.

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