Theresa May calls Donald Trump to say his steel tariffs are 'unjustified'

Harley-Davidson motorbikes will be hit with new tariffs

The lawmakers were trying to draft a narrowly focused bill that would require a vote in Congress to approve tariffs when the administration claims they're needed for national security, as it did for those on steel and aluminum from the top US allies.

Beyond quoting his brother's "declining health", Charles Koch did not describe David Koch's condition. He also said that the products to which the new tariffs apply were chosen to limit the impact on inflation. May is expected to discuss the tariff with Trump at the summit this week.

The push by the deep-pocketed conservative powerhouse threatens, for one, to reorder the debate around the president's trade agenda.

"The toll on rural America from escalating trade disputes with critically important trade partners is mounting", he wrote in a statement.

"Due to health reasons, David Koch will be resigning from the board of the AFP Foundation".

It's unclear where exactly the Koch organizations will direct their firepower, but it seems possible they could intervene in Republican primaries, an unwelcome development for Republicans already in a tough political environment. If Trump's threats become reality the trade war will continue to gain pace.

The shadow global trade secretary, Barry Gardiner, said the issue must be given a formal place on the agenda at the forthcoming G7 summit in Canada.

Sen Bob Corker, R-Tenn., said he met with senators today as they consider a legislative response, drawing interest from "both sides of the aisle" who are concerned about the tariffs. -China trade discussions - possibly the last before tariffs take effect - ended without a breakthrough.

U.S. tariffs on steel will hit Canadian defence industry: minister
The interbank rate dropped 0.93% to 19.91 pesos to the dollar, while banks were selling pesos for as much as 20.35 to the dollar. The tariffs of 25% on steel and 10% on aluminium , which affect the EU, Canada and Mexico , come into effect on Friday.

In this May 22, 2012, file photo, Charles Koch speaks in his office at Koch Industries in Wichita, Kan.

The group is now moving ahead with a pro-free trade campaign that will include media buys, activist education, grass-roots mobilization, lobbying and policy analysis. Davis said that includes an aim to shape public opinion beyond Washington.

He said: "We still want to see what the measures themselves are, specifically we have been talking to the Irish government about the issue of bourbon being on the list because of the potential implications for the Scotch whisky industry and the Irish whiskey industry". "The president further underscored the need to rebalance trade with Europe and expressed hope for a Brexit deal that does not increase tensions on the Northern Ireland border", the White House said.

The president last week imposed tariffs on steel and aluminum imports from top USA trading partners, including Canada, Mexico and the European Union.

"If the numbers are accurate, an additional $70 billion in United States exports to China would be considerable - a 50 percent increase in U.S. exports from 2017 levels", Chad Bown, a senior fellow at the Peterson Institute for International Economics, said in an email.

Canada's ability to replace US sales is limited by its much smaller ham production than the United States and tight truck capacity, said Richard Davies senior vice president of sales and marketing at Olymel LP, one of Canada's biggest pork exporters, saying he did see possible higher ham premiums.

David Koch, one half of the billionaire duo that built one of the nation's largest privately owned companies and one of its most controversial political networks, has announced his retirement from politics and business. The Koch network has plans to spend up to $400 million on politics and policy initiatives during the 2018 midterm election cycle. That's up from $250 million in the 2016 elections. Koch officials said David Koch's donations and pledges to non-profit groups have topped $1.3 billion.

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