What Trump’s EU Trade Talks Mean for the Shoe Industry

What Trump’s EU Trade Talks Mean for the Shoe Industry

President Donald Trump said Wednesday he and European Commission President Jean-Claude Juncker have agreed to new talks on the possibility of eliminating trade barriers between the United States and Europe.

Malmstrom said the next potential round of European Union tariffs would not target specific U.S. states.

He said officials from both sides would immediately focus on steel and aluminum tariffs first "so that there can be no tariffs in either direction", and he expected that issue to be resolved "very quickly".

At a meeting in Washington on Wednesday, Juncker and Trump agreed the U.S. would hold back on threats to apply tariffs on the auto sector as the two sides conduct negotiations.

But he also cautioned that the USA is watching China's currency movements for any signs Beijing is manipulating the yuan. Trump wants to increase tariffs on European cars exported to the U.S.to reduce the trade imbalance with the continent.

Whatever progress was achieved on Wednesday could provide some relief for USA carmakers.

The Trump administration has imposed tariffs on $34 billion in Chinese goods in a dispute over Beijing's high-tech industrial policies and has threatened to eventually target $500 billion.

Several companies, including General Motors and Harley Davidson, cited trade policy concerns as they dimmed their 2018 outlooks in financial reports out this week.

Sen. John Hoeven, R-N.D., said he's not a "fan" of tariffs but advocated for improved trade deals.

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"I think we have to talk to one another and not at one another", Juncker said as he sat next to Trump in the Oval Office, thanking the U.S. leader for "taking the initiative to invite us to the White House".

On another front, Trump's administration has hit even its close allies the European Union, Canada and Mexico with levies on steel and aluminum exports to the United States, prompting retaliation against iconic USA products including bourbon whisky and orange juice. Pat Roberts, R-Kan. "We said, 'We haven't seen it yet, because your people are still negotiating among themselves'".

Trump will meet with steelworkers in Granite City, Illinois, where U.S. Steel recently announced it was firing up a furnace that had been idled for more than two years. "The proposed solutions move in the right direction but a significant proportion of skepticism remains", the DIHK said.

Ivanka Trump says it will help 11 million students and workers across the country acquire the technical skills they need to thrive in an increasingly digital economy. "Any trade deal must be based on reciprocity", he said in remarks distributed by his office.

After the talks, Trump highlighted benefits for USA farmers.

He has also threatened to slap tariffs on imported cars, trucks and auto parts, potentially targeting imports that a year ago totalled 335 billion dollars (£254 billion).

But winners from the trade war have been few and far between, especially in the Midwest.

"Auto tariffs are looming unless the European Union buys more US stuff and does other things Trump demands", he said.

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