US Commerce Secretary Wilbur Ross - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org Let No Man Take Your Crown Mon, 04 Jun 2018 00:40:13 +0000 en-US hourly 1 https://www.garnertedarmstrong.org/wp-content/uploads/2024/05/cropped-Screen-Shot-2024-05-16-at-1.06.13-PM-32x32.png US Commerce Secretary Wilbur Ross - Garner Ted Armstrong Evangelistic Association https://www.garnertedarmstrong.org 32 32 G7 ministers criticize US tariffs and warn of trade war https://www.garnertedarmstrong.org/g7-ministers-criticize-us-tariffs-and-warn-of-trade-war/?utm_source=rss&utm_medium=rss&utm_campaign=g7-ministers-criticize-us-tariffs-and-warn-of-trade-war Sun, 03 Jun 2018 00:00:20 +0000 http://www.garnertedarmstrong.org/?p=5730 Getty Images: The EU is angry at the tariffs, which include 25% on steel US Treasury Secretary Steve Mnuchin has faced sharp criticism from angry finance ministers of other G7 nations over America’s imposition of new tariffs on steel and aluminium … Read More

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Getty Images: The EU is angry at the tariffs, which include 25% on steel

US Treasury Secretary Steve Mnuchin has faced sharp criticism from angry finance ministers of other G7 nations over America’s imposition of new tariffs on steel and aluminium imports.

France’s Bruno Le Maire warned a trade war could begin in “a few days”.

Meanwhile US Commerce Secretary Wilbur Ross met Chinese Vice Premier Liu He in Beijing to try to ease trade tensions.

Afterwards China warned that all trade talks with the US would be void if Washington introduced sanctions.

State news agency Xinhua said China was willing to increase imports from many countries including the US.

Mr Ross is seeking deals on agriculture and energy to narrow the yawning US trade deficit with China, days after Washington threatened to impose additional tariffs on $50bn (£37bn) of Chinese goods.

On Saturday President Trump insisted on Twitter that the US had been “ripped off by other countries for years on trade”.

He says steel tariffs will protect US steelmakers, which he says are vital to national security. Mr Trump has also complained about barriers US firms face in Europe and elsewhere.

“Time to get smart!” he added.

What happened at Whistler?

At a heated meeting in the Canadian ski resort, the EU and Canada threatened to retaliate.

But Mr Mnuchin denied that the US had abandoned leadership in the global economy and said he had passed on the other countries’ strong feelings to Mr Trump.

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