Aluminum

Russia raises duties on US imports

Russian President Vladimir Putin is due to meet US President Donald Trump in Helsinki, Finland on July 16 but most of the talks will focus on the Syrian conflict [PPIO]
 
A week after resorting to the World Trade Organization in its complaint against US tariffs on Russian steel and aluminum, Moscow has raised its duties from 25 to 40 per cent on some US imports.
According to the Russian news agency TASS, Economic Development Minister Maksim Oreshkin said the rise was to compensate for more than $500 million loss in exports expected due to the US tariffs.

New Animal Study Shows Link Between Vaccine Ingredient and Autistic Social Behavior

A new study from Canada shows that exposure to aluminum, a common vaccine additive used to enhance the immune response, is linked with autism-like anti-social behavior in young mice. Aluminum that is injected is absorbed almost 100% and it circulates throughout the body and accumulates in the brain, organs and joints – where it can remain for years, causing many health problems. [...]

Trump Imposes Tariffs on Steel and Aluminum Imports from Mexico, Canada and the EU

President Trump is imposing a new 25% tariff on steel and a 10% tariff on aluminum imported from from Mexico, Canada, and the European Union. Mexico indicated it will retaliate against US agriculture products, Canada announced a new set of $16 billion in tariffs against US goods, and the EU will target bourbon and motorcycles made in the US. It is believed that China will be next on the list. [...]

Expert economists warn Trump of global depression

World leaders including Vladimir Putin and Xi Jinping have warned Trump that his protectionist policy is a lose-lose for the world [PPIO]
A number of prominent economists, including 14 Nobel prize winners, have warned the Trump administration that protectionist measures such as tariffs won’t only end in trade wars, particularly with China, but could lead to the type of depression which broke global markets in the 1930s.

IMF urges China, US to negotiate over trade

File photo of US President Donald Trump with Chinese President Xi Jinping
International Monetary Fund chief Christine Lagarde has called on China and the US to resolve their looming trade disputes through the use of existing multilateral provisions and organizations.
Both countries have been locked in a war of words and threats over US President Donald Trump’s decision to impose substantial tariffs on Chinese goods entering US markets. China has responded by doing the same, largely focused on agricultural industries in the American heartland.

Ron Paul: Here’s Why Tariffs Are Not the Answer

(RPI Op-ed) — President Trump’s planned 25 percent tariff on steel imports and 10 percent tariff on aluminum imports may provide a temporary boost for those industries, but the tariffs will do tremendous long-term damage to the American and global economies. Tariffs raise the price of, and reduce demand for, imported goods. Tariffs ensure the preferences of […]

EU ‘ready’ to slap tariffs on US products

US industry will likely take a hit, some argue as top economic advisor to the White House resigns.
US manufacturers fear a global backlash and trade war which could hurt jobs and local output [Xinhua]
 
Late on Wednesday, the European Commission issued a press release in which it stated that it hoped Europe would be exempt from the aluminum and steel tariffs suggested by US President Donald Trump.

Porkins Policy Radio episode 133 JP Sottile on Kushner and Tariffs, Chuck Ochelli on AFRICOM and China

In the first hour JP Sottile of News Vandal joins me to discuss the latest political machinations in Washington DC. We begin with the latest developments regarding Trump lackey Jared Kushner. JP and I talk about his recent loss of Top Secret security clearance and what this may or may not mean going forward. JP then discusses the latest revelations about Kushner and his ties to both Qatar and the UAE.

China warns of effect of Trump’s protectionism

China has warned the US not to adapt protectionist measures to global trade [Image: Archives]
China has warned the international community not to follow in US President Donald Trump’s footsteps and impose trade tariffs.
Officials in Beijing have called on the US to practice restraint on protectionist measures, and to comply with multilateral trade provisions.