Trump: Steel, Aluminum, Autos; Canada: Ketchup, T+35 -- July 5, 2018

The tariff war, T+35. Chinese tariffs yet to go into effect -- if I recall correctly.

President Trump is concerned about the US steel, aluminum, and automobile sector.

The Canadians are concerned about ketchup.

Now this, from CNBC from earlier this week: the EU is reportedly considering international talks to cut car tariffs. We've talked about this before -- why are there tariffs at all with regard to automobiles between the EU and North America -- it's practically one and the same. Maybe Mexico is a bit different, but certainly Germany, England, France, Italy, and the US should be competing on a "flat field." The CNBC story:

• European officials are considering holding talks on a tariff-cutting deal between the world’s largest car exporters
• Trump threatened to impose a 20 percent on all car imports from the EU sending shares (sic) -- I guess CNBC forgot to finish the story
• the EU had threatened retaliatory tariffs
• the FT link is here

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Fact-Checking CNBC