Top US business group assails Trump's handling of trade dispute

Flake hits Trump over criticism of EU 'We need our allies with us'

The European Union is slamming the Trump administration for considering tariffs on auto imports, saying they could lead to global retaliation against some $300 billion in usa goods.

A top vehicle manufacturer consultant says that the cost of new cars and trucks in the USA could spike by up to $5,000 if President TrumpDonald John TrumpTrump: Democratic voters will support Republicans because of ICE criticism Coney Barrett, Kavanaugh among candidates who met with Trump: report Trump administration recommends against allowing China Mobile access to United States market MORE decides to impose tariffs on foreign automobiles.

European Union officials are claiming President Trump's new tariffs on auto imports could cost the US economy up to $14 billion.

Right now, Canada has already instituted retaliatory tariffs against the U.S.as has the European Union for the tax on imported aluminum and steel.

The European Commission said in a letter that they would hit $300 billion of United States goods with tariffs if needed.

Potential U.S. tariffs on automobiles and auto components are drawing strong opposition from some quarters of the plastics supply chain.

CEO Mary Barra has attempted to provide counsel to President Donald Trump, even as his policies have negatively impacted automakers.

Similarly, the head of USA operations for Kitchener, Ontario-based injection molder Mitchell Plastics, said he feared tariffs would raise prices, lower demand and hurt the 800 workers at company factories in Michigan, Indiana and Alabama. The Trump administration is also identifying an additional US$200b in Chinese goods for 10 percent tariffs, which could take effect if Beijing retaliates.

Federer eases into 3rd round at Wimbledon
Earlier, Karolina Pliskova outplayed Victoria Azarenka , a two-time Grand Slam champion, to reach the third round. Milos Raonic eased past Australia's John Millman in straight sets to book his place in the third round.

Coffee drinking connected to lower risk of death, study finds
But it turns out that even slow caffeine metabolizers seem to share the death-risk-reduction connected to coffee drinking. To reap the benefit, it doesn't matter if your coffee is decaf or instant or caffeinated, the researchers said.

Wal-Mart boycott after 'Impeach 45' T-shirts
The reality is that Walmart, like many other companies, doesn't keep track of everything sold through its online marketplace. The call for a Walmart boycott seemingly picked up steam as conservative media outlets spread the word about the shirts.

"We expect the net contribution of trade to growth to become negative in the second half of the year, if it hasn't already for some countries", ANZ Asia economist Eugenia Victorino said.

The US leader had already threatened to impose tariffs on cars imported from the European Union, in response to the bloc's retaliatory tariffs last week on popular US products including jeans, bourbon and motorcycles.

General Motors fell as much as 2% Friday after warning that USA tariffs on imported vehicles, now being considered by The White House, could "undermine" its ability to compete globally.

The European Union slapped revenge tariffs on iconic U.S. products including bourbon, jeans and motorcycles on Friday in its opening salvo in a trade war with President Donald Trump. The U.S. operations of Canadian injection molder Mitchell Plastics said it was "deeply troubled" by tariffs and feared they could ultimately result in higher prices that drive down auto sales.

Last week, European Council president Donald Tusk warned that Mr Trump's policies are harming transatlantic relations and "we must be ready to prepare our Union for worst-case scenarios".

The submission said that tariffs on cars and vehicle parts could undermine United States auto production by imposing higher costs on U.S. manufacturers.

The Chamber also is expected to spend millions of dollars on the midterm elections this year in an effort to help elect like-minded candidates who back free trade, immigration and reduced taxes. If EU countermeasures on automotive tariffs take the same approach as those on steel, they will amount to around €10 billion.

Related news:

Hot News

isis-killer-beheading-video-story-top Lyon hand starlet new five-year contract
Jul 05, 2018 - 13:33
Salah had to come off after half an hour against the Spanish giants in Kiev after suffering a shoulder injury. There is one thing that is virtually certain about Salah's new contract - it won't reach its conclusion.

isis-killer-beheading-video-story-top Protester climbs Statue of Liberty base, forcing evacuation
Jul 05, 2018 - 13:17
The banner read "Abolish ICE", a reference to the federal law enforcement agency that handles deportations. At least seven people were arrested on Liberty Island and the site was closed to visitors.

isis-killer-beheading-video-story-top Roger Federer races through to third round at Wimbledon
Jul 05, 2018 - 13:02
Andre Agassi has described "timeless" Wimbledon favourite Roger Federer's exploits in the twilight of his career as "unexplainable".

isis-killer-beheading-video-story-top At least 12 arrested after Whatsapp rumor sparks lynching of 5
Jul 05, 2018 - 12:45
The Centre warning to WhatsApp has come after incidents of violence, mob lynching surfaced in the recent past. Maharashtra's chief minister, Devendra Fadnavis, said "stern action will be taken against rumour mongers".

isis-killer-beheading-video-story-top China says it won’t fire ‘first shot’ in trade standoff with US
Jul 05, 2018 - 11:52
China said that it wouldn't implement tariffs ahead of the USA on Friday, after previous arrangements put it on course to do so. Donald Trump is due to slap as much as $34billion (£25 billion) of Chinese exports with 25 percent tariffs.

isis-killer-beheading-video-story-top Three suspects charged for kidnapping 'Halloween: Resurrection' actress
Jul 05, 2018 - 11:18
The video, which includes some graphic language, was posted on Twitter on July 2 where it was shared more than 60,000 times. According to information released by the Los Angeles County District Attorney's Office, the drama began on 3 May 2017.

isis-killer-beheading-video-story-top Park Sung-hyun claims Women's PGA Championship
Jul 05, 2018 - 11:08
Ryu was able to increase her lead to two shots with a birdie on the same hole, but her tee shot on the 17th went into the water. Ryu is playing with plenty of confidence after collecting her first win of 2018 at the Meijer Classic two weeks ago.

isis-killer-beheading-video-story-top China says "fully prepared" if trade war kicks off this week
Jul 05, 2018 - 10:54
President Donald Trump has threatened to increase the scope to $450 billion if China indeed retaliates against his 25% tariff. Friction has also grown over the South China Sea and Taiwan.

isis-killer-beheading-video-story-top How an Alaska Senator Could Make or Break Trump's Supreme Court Plans
Jul 04, 2018 - 10:38
Trump nominated her for her current post, on the United States court of appeals for the seventh circuit, in 2017. "We believe him. John McCain, R-Ariz., is out as he battles brain cancer. "I can't imagine the president asking the nominee about Roe v.

isis-killer-beheading-video-story-top Former Malaysian Prime Minister arrested over 1MDB corruption scandal
Jul 04, 2018 - 10:07
The former prime minister of Malaysia has been arrested amid an investigation into allegations of massive corruption. Local media reports said Najib was seen leaving his house in the capital, Kuala Lumpur , in an unmarked police auto .

isis-killer-beheading-video-story-top Paul George committed a mistake by staying with the Oklahoma City Thunder
Jul 04, 2018 - 09:59
George announced that he will stay with the Thunder during a party in Oklahoma City arranged by teammate Russell Westbrook . Philadelphia star Joel Embiid weighed in on Twitter saying, "The Lakers are FOREVER gonna be Kobe's and Magic's team".

isis-killer-beheading-video-story-top Maradona opens up on Argentina exit
Jul 04, 2018 - 09:53
Portugal and Argentina were eliminated by Uruguay (2-1) and France (4-3) respectively. Hareide said his team would show far more thrust on Sunday.

isis-killer-beheading-video-story-top Trump administration is breaking from Obama-era affirmative action policies
Jul 04, 2018 - 09:01
The Obama guidelines were a departure from previous recommendations from the administration of Republican President George W. Bush, who encouraged race neutral admissions policies .

isis-killer-beheading-video-story-top Suarez limps off in Uruguay training as Cavani sits out team session
Jul 04, 2018 - 08:57
The 33-year-old Ronaldo made most appearances at World Cups and European Championships among all players since his debut in 2004. In 2010, Uruguay reached the semi-finals, but without Suarez who got a red card in the quarter-final.

isis-killer-beheading-video-story-top Amazon is expanding Prime Day in 2018
Jul 04, 2018 - 07:51
Amazon has announced Amazon Prime Day 2018 , revealing its date, the first Prime Day deals and a new Prime Launches initiative. Amazon Prime Now , a benefit of Amazon Prime , offers ultra-fast delivery in under two hours and at no additional fee.