Chad P. Bown

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A ship docking in Newark, New Jersey, November 2017. Brendan McDermid / Reuters

On July 1, 1987, nine members of the U.S. Congress smashed Toshiba stereos with sledgehammers on the lawn of the U.S. Capitol in a symbolic protest against the bombshell revelation that the Japanese company had illegally provided the Soviet Union with access to quiet submarine propeller blades. This corporate decision, which made it more difficult for the U.S. Navy to detect and track Soviet nuclear submarines, put the collective security of Japan, the United States, and NATO at risk. In response, U.S. lawmakers called for the banning of imports from Toshiba and Kongsberg, a Norwegian state-owned defense contractor that had collaborated on the production of the blades.…  Seguir leyendo »

President Trump made proclamations on Thursday to impose new import tariffs of 25 percent on steel and 10 percent on aluminum. Effective March 23, these tariffs would apply to steel and aluminum exports arriving from all countries — aside from Canada and Mexico. Those two get a temporary reprieve, pending Trump’s assessment of the outcome of the NAFTA renegotiation.

In a new twist, Trump also decided other partners can ask to negotiate with U.S. Trade Representative Robert E. Lighthizer to be excluded from the tariffs.

Conflict may loom ahead. After Trump’s initial tariff announcement last week, the European Union quickly threatened to hit back.…  Seguir leyendo »