United States to address alleged China intellectual property theft "shortly", Peter Navarro says

Sergio Conner
March 13, 2018

As a candidate, he campaigned on a promise to bring back American jobs and place American interests first on the worldwide stage, a sharp departure from the policies of his predecessor, former President Barack Obama. A dozen White House officials including U.S. Vice President Mike Pence and Chief of Staff John Kelly were also present, along with McMaster, Mattis, and Haspel.

President Trump appreciated the briefing and said he would meet Kim Jong Un by May to achieve permanent denuclearization. "His Tariff Plan Reminds Them Why".

But imposing broad tariffs on steel and aluminum imports had the odd effect of hurting producers in friendly countries the most, since China is not a major exporter of steel and aluminum to the United States, compared with Canada, South Korea, Brazil and Mexico.

Trump began by previewing what he has in mind regarding his proposed tariffs on foreign steel and aluminum.

Lamenting America's role as more "Uncle Sucker" than Uncle Sam, White House National Trade Council Director Peter Navarro said on Sunday that the administration plans to take action to address issues with China's alleged theft of USA intellectual property (IP).

Today I had the privilege of briefing President Trump on my recent visit to Pyongyang, North Korea.

Peter Navarro, Trump's trade and manufacturing adviser, said in an interview on Fox Business on Wednesday that the tariffs would go into effect within about 15 to 30 days and that the proclamation signed by the president would include a clause that would not immediately impose tariffs on Canada and Mexico.

OR manufacturers expressed relief this week when President Donald Trump said he will exempt -- at least for now -- Canada and Mexico from steel aluminum tariffs he imposed Thursday.

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Trump himself suggested Thursday that he wouldn't place someone as head of his National Economic Council who is opposed to tariffs - one of the principal reasons for Cohn's departure.

So far, Trump's presidency has been good for Goldman and other major banks.

Trump's sudden decision to curb steel and aluminum imports on national security grounds triggered Cohn's decision to resign in protest.

By offering countries a way to escape the tariffs, Trump might have eased the risk of a destructive trade war.

"If there's a trade war and in response, tariffs are raised, that could even push down our supply in steel because it pushes down the demand", Professor Dempsey added. Trump has clashed with him over a variety of issues, including Iran and Afghanistan. Our shipments could be slapped with higher tariffs around the world, leading to fewer sales and American job losses. "He's not quite as strong on those tariffs as we want, but that's OK".

"But I won't waive you off that", the official said. "I'm sure I join many others who are disappointed to see him leave".

"The biggest priority as a Congressman representing New Mexico is ensuring our local businesses are not adversely impacted by what the finalized package of tariffs includes and how it is applied", Pearce said.

Europe and China lashed out against the president's tariff plan.

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