10 July, 2017
The investigation is peculiar in that the top providers of steel to the US are allies, led by Canada, both the U.S.'s top importer and exporter of steel.
William Reinsch, a fellow at the Stimson Centre said if the threat of tariffs are used to pressure members of the G20's forum on steel overcapacity - set up previous year - to tackle the problem, a good outcome could yet prevail. Juncker said that Europe expects to increase its exports to Japan by a third after trade barriers drop away.
Earlier this week, Abe and representatives of the European Union signed a political agreement for a trade deal that will cover more than a quarter of global economic output. "It also remains to be seen what the American president brings (to the meeting)".
The Sept. 5 communique urged the OECD to help countries "enhance communication and cooperation", take "effective steps to address the challenges", and "encourage adjustment".
G-20 officials are concerned about a trade war over steel as Trump gears up for a decision on whether to impose punitive tariffs amid ongoing complaints about dumping on global markets.
The U.S. started cracking down on cheap steel imports in 2016 when Barack Obama was still president.
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"If the Trump administration finds that steel imports are disrupting national security and import tariffs are needed, those could hit many members of the G-20", said Matthew Goodman, a senior adviser at the Washington-based Center for Strategic and International Studies.
While this has little directly to do with apparel, should that be the move he makes, Europe has already thrown out threats of a trade war.
Whether a trade war in fact ensues, the world has been clear that it isn't behind Trump's protectionist trade policies and that they'll carry on as necessary on trade without USA involvement. Indeed, analysts have warned that tariffs could drive up steel prices for USA manufacturers.
While the policy recommendations of those probes haven't been announced, some US businesses are feeling pretty good about what those protectionist policies might do for them.
Several of those exporters-Canada, Turkey, and Germany-are members of the North Atlantic Treaty Organization (NATO) and as such the Trump administration may have to show that their strategic partners in the military alliance are somehow threatening USA national security interests.
This move now is not surprising that Trump made free trade as the central topic of his campaign after he finished criticizing China, Japan and Mexico.