Trump’s trade chief: U.S. and Canada ‘starting to converge’ on key NAFTA dispute

WASHINGTON—Canada and the United States are “finally starting to converge” on the dispute over automotive manufacturing that has been a key obstacle to the success of North American Free Trade Agreement negotiations, President Donald Trump’s trade chief said Wednesday.

U.S. Trade Representative Robert Lighthizer’s comments to the House Ways and Means Committee corroborated the optimistic words from Canadian Ambassador David MacNaughton the day prior.

Read the source article at Metro News

China calls U.S. repeat abuser of world trade rules as tariffs loom


BEIJING (Reuters) – China accused the United States of “repeatedly abusing” trade practices, as Beijing braced on Thursday for an imminent announcement from U.S. President Donald Trump slapping more tariffs on Chinese imports.

The U.S. tariffs on Chinese imports worth as much as up to $60 billion are set to be unveiled later on Thursday, raising fears that the world’s two largest economies could be sliding toward a trade war.

Read the source article at Global Rubber Markets News

U.S. steel import curbs seen scuttling India’s rising exports: minister


NEW DELHI (Reuters) – India’s ambition to become a major steel exporter could be disrupted by U.S. import curbs, Steel Minister Chaudhary Birender Singh said, underscoring the need for free trade.

“Our exports have increased substantially, about 40 percent growth during January to December,” Singh told Reuters in an interview on Tuesday, referring to 2017.

“What I foresee is that our exports are going to grow. In that case, these kind of disturbances should not take place.”

Read the source article at Global Rubber Markets News

Trump’s tariff threat could impact PSA’s U.S. return


President Donald Trump’s threat to impose tariffs on European cars exported to the U.S. has worried PSA Group, which doesn’t (yet) sell vehicles in North America. PSA CEO Carlos Tavares said that if Trump imposes tariffs were imposed it might negatively affect his 10-year plan to re-enter the U.S. market. “If the overall framework of tariffs change, it may have an impact on our strategy,” Tavares said at the Geneva auto show on Tuesday.

Read the source article at Front Page