Foreign Treasury Holdings
Seko did not go into what conditions might allow Japan to evade tariffs and, asked if Lighthizer had brought up the US trade deficit with Japan, Seko said no.
Japanese Trade Minister Hiroshige Seko said he had expressed Japanese concern to Lighthizer and warned of major market disruption.
While carrying a message to Washington to push forward a diplomatic breakthrough over North Korea, South Korea's national security office chief Chung Eui-yong asked USA officials to support Seoul's request for a waiver, a presidential spokesman said. In the event he exempted Canada and Mexico.
"In addition, the tariffs if imposed on steel and aluminum from key trading partners will likely lead to retaliation in the form of higher tariffs on USA exports which could escalate into a trade war that nearly all economists agree would have a very negative impact on the global economy", Peck said.
Mr Trump justified his move by invoking a rarely used United States law authorising presidential action against imports that undermine national security.
China's metals industry issued the country's most explicit threat yet in the row, urging the government to retaliate by targeting U.S. coal - a sector that is central to Trump's political base and his election pledge to restore American industries and blue-collar jobs.
The EU insists that it is committed to open, global trade.
Zypries told Deutschlandfunk radio that so far no tariffs had been imposed and it was too early to talk about a looming trade war.
U.S. President Donald Trump's trade envoy is meeting Saturday with top officials from the European Union and Japan, who are pushing back against new U.S. steel tariffs that have unleashed fears of a broader trade war.
Steelers expected to release safety Mike Mitchell
The Steelers don't have much cap space and can save $5 million by kicking Mitchell to the curb. According to the network the Steelers are open to re-signing Mitchell on cheaper terms.
Amber Alert Issued By OKC Police For 6-Week-Old Baby
Officers say the suspect does not have a vehicle, but police believe they might be trying to make their way to Nebraska. Later that day, Norman Police announced that they had found the body of a child believed to be Jody.
Pak. won't be a U.S. proxy in Afghanistan: Minister
He said that the powers which destabilised Afghanistan, Iraq, Syria and Libya, did not keep well-wishes for Pakistan. This is unedited, unformatted feed from the Press Trust of India wire.
The EU has threatened retaliatory tariffs on USA goods, including iconic products like bourbon and blue jeans.
Along with a huge range of steel products, the EU's hit list of flagship American products lined up for counter measures includes peanut butter, bourbon, whiskey and denim jeans.
"As a close security and trade partner of the USA, the European Union must be excluded from the announced measures", Ms Malmstrom tweeted following the meeting.
Mr Trump signed an order on Thursday to set import tariffs of 25 per cent on steel and 10 per cent on aluminum, to come into effect in 15 days.
European steel and aluminium associations have warned that the USA tariffs could cost their sectors thousands of jobs.
The EU's trade commissioner says there is "no immediate clarity" from the USA on how the bloc can gain exemption from new tariffs on imported steel and aluminium imposed by President Trump. It said it wanted details from Saturday's talks with U.S. Trade Representative Robert Lighthizer in Brussels but that it did not expect the meeting to resolve all the problems. Once out of the EU's Customs Union the United Kingdom could of course unilaterally reduce its own import tariff on US cars and agree a deal where the tariffs are equalized at the lowest possible rate.
"A large number of US manufacturers use imported steel and aluminum to produce items such as appliances, autos and beverage cans", he told Xinhua.
Key U.S. trading partners and businesses have warned the tariffs could backfire, provoking a trade war and hurting allies more than China, their main target.
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