TARIFFS – GOVERNMENT POLICY – UNITED STATES

Trump to slap China with $US50b in trade sanctions

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Original article by John Kehoe, Michael Smith
The Australian Financial Review – Page: 1 & 16 : 23-Mar-18

Fears of a global trade war have been heightened after the US announced plans to pursue punitive measures against China in retaliation for its theft of intellectual property. The US will impose $US50bn ($A64bn) worth of tariffs on China are expected to target a wide range of Chinese-made goods, while the US is also expected to introduce new foreign investment restrictions on China. US Trade Representative Robert Lighthizer has noted that the World Trade Organization has been "wholly inadequate" in addressing concerns about China.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF COMMERCE, WORLD TRADE ORGANIZATION, CHINA. MINISTRY OF COMMERCE, UNITED STATES. FEDERAL RESERVE BOARD, BOEING COMPANY, QUALCOMM INCORPORATED, MONEYGRAM INTERNATIONAL LIMITED, UNITED STATES. NATIONAL FOREIGN TRADE COUNCIL, THE GOLDMAN SACHS GROUP INCORPORATED

Cohn exit triggers shockwaves

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Original article by David Rogers
The Australian – Page: 17 & 27 : 8-Mar-18

Sharemarkets in the Asia-Pacific region fell on 7 March in response to the resignation of President Donald Trump’s chief economic adviser, Gary Cohn, and futures pricing suggests further bearishness on Wall Street. Cohn was an advocate of free trade, and analysts say his resignation will heighten concerns about the potential for a trade war. Reserve Bank of Australia governor Philip Lowe says there could be major ramifications for the global economy if Trump were to broaden his tariff policy beyond steel and aluminium.

CORPORATES
UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, RESERVE BANK OF AUSTRALIA, IG MARKETS LIMITED, UNITED STATES. FEDERAL RESERVE BOARD, UNITED STATES. DEPT OF COMMERCE, SAXO BANK A/S, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, VISY INDUSTRIES AUSTRALIA PTY LTD, QANTAS AIRWAYS LIMITED – ASX QAN, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, DOW JONES INDUSTRIAL AVERAGE INDEX, STANDARD AND POOR’S ASX 200 INDEX, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, BLUESCOPE STEEL LIMITED – ASX BSL, NIKKEI 225 INDEX, SHANGHAI COMPOSITE INDEX, HANG SENG INDEX, KOSPI INDEX, LONDON METAL EXCHANGE LIMITED

Fears a Trump tariff will spike dumping

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Original article by Andrew Tillett
The Australian Financial Review – Page: 4 : 11-Jul-17

Australian Steel Institute CEO Tony Dixon has welcomed reports that Australian steel and aluminium will be exempt from proposed new US import tariffs. However, Dixon has raised concerns that Australia could face an influx of low-cost imported steel from countries that are barred from the US market under the new tariffs regime. The Opposition has also stressed the need to protect local industries and jobs by ensuring that anti-dumping laws are enforced.

CORPORATES
AUSTRALIAN STEEL INSTITUTE LIMITED, AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FINANCE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, BLUESCOPE STEEL LIMITED – ASX BSL

PM wins steel deal from Trump

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Original article by Phillip Coorey
The Australian Financial Review – Page: 1 & 8 : 10-Jul-17

The Group of 20 summit’s final communique included a commitment to free trade and combating protectionism, although it also featured a clause on tariffs at the request of the US. Meanwhile, Prime Malcolm Turnbull and Finance Minister Mathias Cormann pushed for Australian steel and aluminium to be exempt from proposed US import tariffs in a series of meetings with US officials, including President Donald Trump. Australia has also agreed to finalise free trade agreements with Indonesia and the European Union by the end of 2017 and 2018 respectively.

CORPORATES
GROUP OF TWENTY (G-20), AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF FINANCE, UNITED STATES. EXECUTIVE OFFICE OF THE PRESIDENT, UNITED STATES. DEPT OF THE TREASURY, UNITED STATES. DEPT OF COMMERCE, AUSTRALIA. DEPT OF FOREIGN AFFAIRS AND TRADE, BLUESCOPE STEEL LIMITED – ASX BSL, STEELSCAPE INCORPORATED, RIO TINTO LIMITED – ASX RIO