Results impacted by change to the US federal tax rates and the write-off of deferred income tax assets.
Xi positions China as a defender of free trade, despite its status as the most-closed major economy.
Beijing says Trump’s additional duties of 25% on steel and 10% on aluminum violate international trade rules.
The $3 billion in products targeted by Beijing amount to barely 2% of American goods exported to China.
Customers made their decisions before the US announced Canada would be exempted from its tariffs on steel and aluminum.
More flexibility to determine whether prices in countries of origin are reliable or distorted.
Trump administration negotiating exemptions with the EU, South Korea, Argentina and Australia.
Countries complain the US Trade Representative’s office has not provided specific guidance before tariffs are implemented.
Issue is of particular concern for an economy that runs on exports of automobiles and machinery.
No mention of a possible Chinese response if Trump raises import barriers over trade complaints against Beijing.
Trump’s charges that Canada is treating the US unfairly and taking advantage of bad trade deals echo Nixon’s views on the Auto Pact.
Emphasized Canada and US economies would suffer from trade restrictions.
Measures in place to prevent too cheap steel and aluminum from using Canada as a back door to the US.
Concerned by outsider candidate leading polls for Mexico’s election, and GOP in danger of losing US Congress.
American and European anger targets a flood of low-cost exports that is double the volume of second-place Japan.