u.s. commerce department decision to recommend a 7.7% aluminum import tariffs. to sources. this is bloomberg. ♪ vonnie: let's get back to breaking news as the u.s. commerce department will recommend a 7.7% import terror on aluminum -- tariffs on aluminum. as i asked 23.5% from russia and china. an investigation ordered by the president one year ago and we should have a formal briefing and results of the briefing from the commerce department within minutes. let's bring in our manager -- managing editor. the 7.7% and 23.5% in china and russia, how does that differ from what we anticipated? >> in line with what we anticipated, we saw all kinds of numbers thrown out by the industry and consumers of aluminum, people are afraid of the tariffs. you are seeing shares in aluminum companies go up, shares companies.mpany -- these are just recommendations and we will have to see what the president does. he has said he wants more tariffs. vonnie: it took a entire year for this to happen. of --s seem like a lot 23.5% tariff on china, in comparison with historical tariffs? 87%

department of treasury and the u.s. federal reserve and individual states. japan's steel industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan the japanese iron and steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the us in the republican party from trump's very own party that tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok now

department of treasury and the u.s. federal reserve and individual states. japan's deal industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan and the japanese iron in steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the u.s. in the republican party from trump's very own party the tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok

u.s. commerce department proposal to impose curbs on steel imports into the united states all of that coming up but first let's get to some headlines. as the olympics continue in south korea korea south.

u.s. commerce department has slapped duties on aluminum foil from china after concluding that the country's receiving unfair subsidies and dumping the products in the american market. on duties will be imposed chinese aluminum foil for selling the products in the u.s. below fair market value. the trump administration se duties for the unfair advantage that chinese producers receive. that is your bloomberg business flash. manus: europe's largest conference is underway in germany. matt miller is over there. good morning to you, matt. i am here with the ceo of invest europe, michael collins. i am going to talk to him about how the -- this year is different from last year. how much has the climate changed? we have had this protectionist rhetoric out of the u.s. we have had brexit negotiations start to get rolling. do you expect 2018 to be a lot different from 2017? is goingi think 2018 to be at least as good as 2017. over the last four years the private equity in europe has been raised. right now these political headwinds that we were worried about last year really do not seem to have had any k

department of treasury and the u.s. federal reserve and individual states. japan's seal industry said on monday that the a proposal by the u.s. department of commerce to president donald trump would impose curbs on steel imports and that it violates the principles of free trade for more we're joined by r.t. correspondent dan cowen dan thanks for being here so what's the latest on on these on these still import potential quotas good to be with you bart the japanese steel industry is up in arms over the commerce secretary wilbur ross his recommendations to the trump administration to curb the import of steel and aluminum from not only japan but also china vietnam venezuela these would be implemented through tariffs and import quotas on japan the japanese iron and steel federation chairman coast said tariffs are a violation of the principles of free trade and of course japan is a major trading partner of the u.s. very important one there is opposition in the u.s. in the republican party from trump's very own party the tariffs could actually have a negative impact and spike prices in products like automobiles electrical wiring and even beer cans. ok no

u.s. commerce department. that is benefiting u.s. steel producers and will hurt china the most.it is not as bad as it may seem. in 2017 10 other countries other than china exported more of steel to the u.s.. are waiting for a reaction that china's top steelmaking city may expose further curves at the end of the winter season, which could see moves. it is a few of the things you're watching in tokyo and seoul. let's check in to gauge their reaction. moves ofeing heavyweights edging slightly higher. we are seeing a jump in steel after delivering an earnings beat underlying earnings. we have the interview with the ceo later today. on the markets. back here in the u.s., that we can warning we talked about. goldman sachs economists saying that stocks may punch 25% with yields on a 10 -- it foreign half percent. -- 4.5 percent. that will grab wall street's attention. that is the top story on the bloomberg. economic reports to watch out for. that goldman know, pretty clear. it will definitely grab attention. they're out where forecast is with this 4.5%. 3.25 percentasting at the end of

u.s. commerce department sittinged new limits on chinese steel, but president trump said he has not yet made a decision on the matter. >>> the u.s. commerce secretary yesterday said that the u.s. president is focused on finding a favorable trade balance between america and the european union. >> the u.s. is the least protectionist major country. the eu, if you think of it as one company, because for trade purposes it really is, is one of the most protectionist countries. so anything that changes their favorable trade balance with us gives them a little bit of anxiety. frankly that's a good thing. we've been patsies for too long. we've been suckers for too long. president trump is now trying to pick that. >> wilbur ross there talking in washington yesterday >>> also in washington, robert mueller filed 32 new charges against paul manafort and rick gates. the charges include bank fraud, falsifying tax returns and money laundering a spokesman for paul manafort said he is innocent and the new charges have nothing do with the russian election meddling that mueller is investigating. >>> in the uk,

u.s. commerce department has a slapped stiff duties on aluminum from china.t is after it has been reported that they are dumping the product in the american market. duties from 49% to 106% will be imposed on chinese aluminum foil. the trumpet ministration also from 17% to 81% on the unfair subsidies that chinese regulators received. the hotel operator agreed to sell a majority stake in the property business. a group of investors, including saudi arabia's public investor fund, join forces to purchase an initial 55% stake in accor. and amazon has agreed to purchase ring for $1 billion. jpmorgan advised ring on the sale. this move health amazon expand further into the consumer market, including providing security for package deliveries. amazon has been pushing for a bigger presence in homes through connected devices, such as the echo smart device with the assistant known as "alexa." francine: eight british party makers have back in ed an amendment to reverse her policy, which could threaten political survival. this could be enough to wipe out may's slim working

u.s. department of commerce report only one-quarter of women hold jobs in stem fields in the united statesl stanley hopes these kids will see themselves in these characters. >> the kids can get a feel for the technology seeing themselves there and seeing themselves behind the scenes going forward. >> reporter: in oakland, lyanne melendez, abc7 news. >>> very inspiring. >> let's talk about that snow, wind and rain and spencer will have the seven-day forecast next. >> stay with us. >> track today's storm a >>> it has been a roller coaster of emotions for a family in richmond who spent the last year fending off foreclose sure. michael finney is there with the story. >> this family got creative in a last ditch effort to stay in a home that has been with them for generations. days after thanksgiving and four generations of one family are enjoying a sunny day outside their home in richmond. two youngest grandchildren. along with their mother. and then grandma betty along with great grandma george. grandma has been in this home for 43 years. betty suffered severe nerve damage and couldn't walk in

u.s. department of commerce report only one-quarter of women hold jobs in stem fields in the united states. cal stanley hopes these kids will see themselves in these characters. >> the kids can get a feel for the technology seeing themselves there and seeing themselves behind the scenes going forward. >> reporter: in oakland, lyanne melendez, abc7 news. >>> very inspiring. >> let's talk about that snow, wind and rain and spencer will have the seven-day forecast next. >> stay with us. >> track today's storm any >>> it has been a roller coaster of emotions for a family in richmond who spent the last year fending off foreclose sure. michael finney is there with the story. >> this family got creative in a last ditch effort to stay in a home that has been with them for generations. days after thanksgiving and four generations of one family are enjoying a sunny day outside their home in richmond. two youngest grandchildren. along with their mother. and then grandma betty along with great grandma george. grandma has been in this for 43 years. betty suffered severe nerve damage and couldn't walk i

u.s. department of commerce report, only one-quarter of women hold jobs in s.t.e.m. fields in the united states. cal stanley hopes these kids will see themselves in these characters. >> kids need visual aids. we all do. and if you can see it, then you can be it. and if it can be conceived, it can be achieved. >> reporter: in oakland, lyanne melendez, abc 7 news. >>> meteorologist drew tuma is standing by with an update on the forecast. plus e-cigarettes might help you stop smoking but they could double your risk of another health probl >>> there could be a link between e-cigarettes and risk for heart attack. as jonathan bloom explains, some say it's too early to draw any real conclusions. >> reporter: inside his office ucsf professor grants has a growing collection of cigarette packs. >> candace working toward them -- >> reporter: covered with images what was smoking can do to you. >> you get cancer-causing chemicals and other bad things that you don't get with an e-cigarette. >> reporter: electronic cigarettes and vaporizers have been marketed as a way to quit smoki

u.s. department of commerce report, only one quarter of women hold jobs in stem fields in the united statesopes these kids will see themselves in these characters. >> kids need visual aids. we all do. and if you can see it, then you request can be it. and if it request can be concei can be achieved. >> they'll make a big difference. besides oakland, disney's donation will help boys and girls clubs in 11 other cities in the country. "black panther" is the fourth film to earn $100 million in its second weekend. it made $400 million domestically. disney, of course, the parent company of abc 7. and with that is corre, thanks for joining us. >>> that is part of this job. >> oak land mayor libby schaaf receiving threats amid a controversial decision. tonight, she's standing by her warning of possible ice raids. >>> a tree trimmer killed, and now several homes are under a shelter in place order. >>> the university of san diego's men's basketball coach is facing domestic violence charges here in the bay area. the action the school took today, following his arrest. >> that snow you're seeing in the

to try to correct this, the commerce department has established foreign commercial service teams in 73 major cities throughout the u.s we are also present in 108 international cities and embassies abroad. you will be happy to hear they do not charge for their services, but they can guide you to make overseas business connections possibly overseas investments and help you deal with the complexities of initiating international activities. especially businesses like yours can develop and export through e-commerce. i was in laos recently and i ran into a young american couple that started a business over the internet selling high-end fabrics to the interior decorating communities in new york, paris and other major cities. they never left mouse to do it. they bring into social media and e-commerce and i think it's a very important thing to think about. one graduate of the program here today is natalie from catalyst enterprise in salt lake city. [applause] i guess she has a large family. [laughter] the manufacturing business grew 400% because of the export held from the department of commerce and she now sits on our depart

the commerce department is recommending the u.s. imposed tariffs or quotas on imports of aluminum and steel. wilbur ross says the current metal imports threatens national security. global news 24 hours a day powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. ♪ emily: i'm emily chang, and this is "bloomberg technology." coming up, robert mueller unveils the details of a widespread and coordinated campaign by russians to influence the u.s. presidential election using social media to spread their message. snap's earlynside days to show the company's journeys from one of silicon valley's hottest startups to one of the prominent ipos of the year. latest from the and technology are gathering in los angeles. we will bring you the highlights including our conversations with ted leonsis. first to our lead. u.s. special counsel robert mueller has charged 13 russian nationals and three corporations with interfering in the 2016 presidential election by using social media. fake rallies and secretive

. >> reporter: the commerce department found cheap imports of steel and aluminum flooded the u.s. in recent years. the agency is rec president trump put restrictions on imports to restore u.s.he production80% of capacity. steel plant are running at less than 3/4 ofapacity and aluminum, less than half. there are three categories of blanketed tariffs for all, the second, targeted tariffs. finally a limit on the amount each country could exported to the u.s. the steel and aluminum agencies have urged washington toer considtrict penalties that would preserve their business. the ceo of in a -- of majesti steel w on capitol hill. >> without a strong industry it is a risk to our whether it comes to national security, infrastructure orra gene economic needs. >> reporter: some worry action would lead to higher prices and escalate trade tensions with china and other u.s. trang partners. in a statement, the business round table said, quote, we are very concerned using this tool will hurt the overall u.s. companies, american workers, and consumers. while the a recommendation for strong action

u.s. producers being hurt by unfair trade practices. the commerce department is investigating china and other countries for allegedly dumping cheap steel and aluminum products on our shores. true end to e.u. could soon be seeing tax-free bonus is thanks to that to be unveiled today. lauren: they are more than crimes i guess if that happens. tracey carrasco with more on that with the news this morning. the whole thousand dollars it could be. >> a republican lawmaker to unveil legislation that would make most bonuses given out tax-free and take a nancy pelosi with representative todd rokita from indiana has dubbed its bill that creating relief in useful middle class benefited dating or crimes act. pelosi famously refers to bonuses as crimes in criticizing the tax plan last month. it would make bonuses received by the worker is tax-free up to $2500. cheryl: is there support for this? >> i'm not sure, but with a name like that who knows. cheryl: i kind of like it. lauren: chipotle has major problems for their bottom line this year so they're making changes at the

department offing a gull tour working with the u.s. trade representative, work with the department of commerce, certainly work with the state department, brings a lot of different resources to bear on the government kind our, a, -- kind of, and one of those things that resolve these things internationally could also find when you have another pressure point, that i may be using a nontariff trade barrier to keep your products out of my country, and then i have a hiccup on a sanitary issue other and all of a sudden i'm willing to sit down, let's talk about your suspect please don't shut the gate on mine. so like any negotiation. >> ick ask and kent you touched on this as well. there's really generally speaking three ways settling a dispute. unilateral action, you view it a grievance, decide to implement a tariff, and it's a one-way deal. typically retaliation is involved there, and there's bilateral action, and then there's the multilateral going through the wto. it sounds to me like both of you are typically generally supportive of the bilateral action when comes to settling disputes in the agricultural trade. is that generally fair to

u.s. administration, from the commerce department. do you worry that we could see a trade war?> i was hoping it was more rhetoric than actually imposing the tariffs. we have a proposal for specific industries. there are industries that the u.s. will never do well in those industries. now ise u.s. needs to do to find industries where it has a comparative advantage and move ahead. the administration is saying they will impose tariffs. robotics, artificial intelligence, everywhere you go, you hear about the impact it will have on the economy, yet the u.s. saying we will build steel and aluminum to employ workers. i think it is a crazy idea. francine: how much do we know about whether they will indeed impose these tariffs? they are looking at weighing tariffs as much as 53% on steel and 26% on aluminum. >> that is part of the problem with the trump administration. they are not providing guidance. it could come at any time. after these huge tax cuts, which the community welcomed, i think this is going to go down badly in the business community. francine: if this is a crazy idea, wil

we think the objective the commerce department got correct. the u.s. to come back. we think that any of those remedies will do that, or an alternative as the secretary of commerce said that the president to choose something else. as long as the objective is achieved, we are good to go. alix: you could have 7.7% of imports from all countries. canada, should can other be exempt? mike: if you look at the report, it suggests that whatever the tariff and/or regime is, it should be apply to everyone. we think that that is important and is clear in the report. alix: how many people do you hire? mike: immediately, we would bring back all of our 150,000 tons of the roughly 700,000 tons that the commerce secretary predicted could come back. we have a plant in south carolina and it is more complicated. we need to solve a power issue. that would be another 350. up to 700 people would come back. l in kentucky, good paying jobs. that aames mattis argued might antagonize allies and have that repercussion. how do you think about that? mike: targeted, broad, the for --

department of agriculture working with the u.s. trade representative, working with the department of commerce, certainly working with the state department, it brings a lot of different resources to bear on kind of the government-to-government kind of action. that's, you know, one of those things that resolving these things internationally can also find, you know, when you have another pressure point that i may be using a non-tariff trade barrier to keep your products out of my country and then, you know, i have a hiccup on a sanitary issue and all of a sudden i'm willing to sit down, hey, let's talk about your product and please don't shut the gate on mine. so a lot of these are like any negotiation. >> can i ask -- and, kent, you touched on this as well -- but there's really generally speaking three ways of settling a dispute. you have your unilateral action, you know, you do a grievance, you decide to implement a tariff and it is a one-way deal, typically retaliation is involved. there's a bilateral action, which is you mentioned the dispute settlement courts that are available when we have free trade agreements with country. then the

department can be impactful. and tia as -- commerce has led the u.s. government when it comes to new and emerging technologies. that leadership requires continued engagement from american industry and from all of you. order to ensure that american entrepreneurs are able to take risks and find global markets for the digital products and services, we need to make to that we're treading the. on such issues of artificial we are looking for industry to help us make the right choices. as many of you know, the president issued an executive order on strengthening the cyber security of federal networks and critical infrastructure. it sought to promote action against botnets. botnet attack can be extremely damaging and put the broader internet at risk. wereepartment of commerce asked to identify actions i can be taken by stakeholders, recognizing that we cannot solve this problem through government regulation. the departments issued a draft report on enhancing resilience against botnets. we relied on an open process to generate ideas in the report. i want to thank those of you who participated. the report outlines the p

u.s. has written laws to protect its industry and make sure if there's cheating abroad the commerce department another step forward defending u.s. industry. what is fascinating to me is canada chose to challenge u.s. trade law at a time when the congress is so important. the criticism is not just the trump administration or before that the obama and bush administration. it is a challenge the way congress has writtenge these las in canada is on both sides of the asking congress to do better double make the negotiations tricky going forward. >> thank you. how do you think the you think you need to congress in order to have legislators that they can improve is going to affect negotiations that are ongoing themselves? anyone? >> look, what will have to emerge a something that looks a lot like coalition politics. some group of affect that industries are parties have to take a look at the negotiations as they stand, and decide what they think about them in terms of the effect on businesses, states and markets, whatever its might be and begin to band together to form a side of coalition that will act

u.s. may slap tariffs on imports of aluminum and steel. china's commerce departmentays beijing will take necessary man -- measures to protect its own rights. nationwide rallies to the demand lawmakers act on gun controls pimm students who up -- controls. students calling president trump's needlessly divisive. the president criticized democrats and the fbi over the attack that left 14 students at three does that. >> people are saying that it is not time to talk about gun control. we can respect that. here's the time. march 24 in every civil city. we will be marred -- in every single city. we will be marching as students march if our lives. this is not about the gop. this is not about the democrats. we feel neglected. at this point, you are with us or against us. christine: an iranian plane has crashed, with all six the five people were killed. it came down in a foggy mountainous region of southern iran. kilometers of the capital of iran where the plane had taken off. the head of slot via's central bank has been detained by the anticorruption bureau. followed a surge b

u.s. citizen on the upcoming 2020 census. those officials join more than a dozen states in sending that request to the commerce department yesterdaythey argue the citizenship question could scare immigrants from taking the census, leading to a possible undercount. >>> 5:04. dwaet degre 28 degrees outside. from backup quarterback to super bowl mvp. a sweet story. for the first time since the win of a lifetime, the eagles nick foles is talking about his future. >> i was going to stop playing the game two years ago. >> yeah, nbc10's matt delucia joins us live in center city. matt, nick almost took a very different path before become a philly. tell us more. >> reporter: right, he almost retired from the nfl a couple years ago and i think every eagles fan is breathing a sigh of relief that he didn't actually go through that. nick foles, you can tell, he is just enjoying the moment. especially after that super bowl win. he said he did not sleep for three days after that game because he was so excited. now, this is nick foles' first sitdown interview since the big game. he brought up the lombardi trophy and talked with ellen about that n

the commerce department initiated an investigation on welded pipes from canada, greece, china, india, turkey. a few u.s. steel companies talked about the investigation. president trump may announce widespread tariffs on steel and aluminum. so those stocks ones to watch as well. the trump administration has imposed tariffs on solar panels, washing machines, lumber, paper, steel and many products. some products like paper more targeted at canada if you like and others more widespread. trade and inflation, two big ones. >> trying to level the playing field. so what is next? gary b. smith and bob is here, too. good to see you both. gary, we've been all over the place. smaller moves we should say today. nonetheless, you know, down so much and then ending in the green. is volatility here to stay? >> i think for a little bit, trish. normally after you have those couple 1,000 point swing days, people are trying -- traders especially are trying to figure out is inflation real? we're going to get a report tomorrow. that will have an impact. >> trish: can't wait. >> is it going to affect the market? for mom, the

u.s. imports of aluminum and steel including a tariff of at least 24% on steel imports from all countries. isna's commerce department beijing will take the necessary measures to protect its own rights. noble group says it is confident that rebuilding its business and asia despite flagging a fourth-quarter net loss of up to $1.93 billion. they are restructuring talks with stakeholders have been productive per chair holders have criticized a deal announced last month to restructure $3.5 billion worth of debt. india's ceo bank says it has exposure of about $412 million to a fraud against a bank in a case linked to a billionaire. three people have been arrested over the alleged $2 million scam, including two employees of pnb. they are accused of using fake pnb guarantees to fraudulent lee obtain loans. bankers are said to be at risk of losses. bridgestone's sale as the tokyo opened after it missed estimates per guidance released after the friday close for operating income of $3.5 billion. about 4.5% below the average it was based on a dollar yen exchange rate of 108. global news, 24 hours a day, powered by more than 270

commerce secretary says the u.s. may impose quotas on imports of aluminum and steel, including a tariff of 24% on steel imports from all countries. jenny is -- china's commerce departmentaid beijing will take necessary efforts to protect their own rights. survivors of last week's florida school shooting have called for nationwide rallies next month to demand lawmakers act on gun control. students focused their anger on president donald trump, calling his response needlessly divisive. he criticized democrats over the attack which left 14 students and three adults dead. >> people are saying it is not time to talk about gun control. we can respect that. here is the time. city we in every single are going to march together as students begging for our lives. this is not about the gop, the democrats. this is about the adults. we feel neglected and at this point you're either with us or against us. >> strong words from upcoming student leaders. global news 24 hours a day. this is bloomberg. a quick check of the markets. we are to take a look at new zealand, down 2/10 of a percent going further into session. you can see where the u.s. dollar is trading. more next. this is bloo

the department of commerce and all will say everything is basically okay in the u.s.tionship, but it's not because you look at the top and there's greater and greater doubt. we even saw as phil rucker pointed out, kristin nelson, the secretary of homeland security canceled a trip to mexico. the timing of this seems more than coincidental, there seems to be a fraying of concern, attention, and presence of the united states in the mexico relationship. >> phil rucker a huge component of this relationship between the u.s. and mexico, between the u.s. and canada centers on trade. nafta talks have been going on. what do officials say? canada is weighing the possibility here that we could see that deal fall apart. >> that's exactly right. that's the fear that both the canadians and the mexicans, considering the public comments president trump has made. i'm told behind the scenes the various administration officials are working more collaboratively with mexico and canada on nafta negotiations. that's one of the reasons president peÑa nieto was planning to come to washington t

u.s. steel up 15% nucor up about 5%. a big boost on the news the commerce department is recommending tariffs on steel and aluminum imports from china, venezuela and other countries. kayla with more. >> president trump has not decided how he will proceed with the recommendations that the commerce department made public today. secretary wilbur ross said they don't all agree how to institute the steep stair riffs or quotes thats they instituted. ross offered three options, blanketed tariffs, targeted tariffs for those flooding america with cheap commodities and on steel that could be 53% or higher, and third is limit the amount of non-u.s. steel and aluminum coming in they have been advocating since the investigation opened in april. the ceo of ohio-based majestic steel. >> best case for domestic steel industry would be to see broad action and -- including tariffs and quotas there's not a one size fits all approach for now i believe we have to stop the bleeding that the domestics have experienced for quite a while now. >> gop lawmakers in many businesses broadly have voiced concern about even specifically targeted actions p

u.s. steel and alcoa jumping on the back of the new recommendations for the commerce department on steel tariffs. kayla tausche broke the news in washington with the details. >> the commerce department today confirming it recommends steep tariffs and quotas on steel and aluminum coming into the united states, moves intended to restore production capacity in industries that have suffered the cheap imports flooding the market there are three categories of recommendations first reported by cnbc. the first is blanket tariffs affecting all imports into the u.s. the second is targeted tariffs for certain countries which would exclude canada and nato allies except turkey finally a limit on the amount of a country could exfort the u.s. is the third option. wilbur rot told reporters that the president will be the sole judge on what the right outcome will be, that the deadline for this announce system the middle of april but the u.s. should expect other countries to challenge this once it's announced. back to you. >> kayla, thank you. >>> a good day for the markets but not a good day for shake shack inves

u.s. soil and other raipur cultural products and there are reports the e.u. is ready to implement tabs on target american products within days or commerce department says this is to tackle a global glut in still an alum india over supply things to beijing's ambitions to keep economic growth high china producing way more than it needs putting steel makers in the u.s. and e.u. out of business with dumping prices and how washington's trade sanctions could hurt everyone max often joins us from the e.u.'s defective capital brussels max what does brussels have in its arsenal. well first of all the u. commission confirmed to d.w. news that they did they have faired to retaliate in some kind of way ever since the g seven last year i don't really know if you remember that when trump now instead he might be in the game for some terrorists here and they have two ways of retaliating the first of all is of course they could slap on and you just mentioned that ben terrorists goods they choose motorcycles whiskey those are among those you mentioned earlier but of course they could also file an official complaint with the world trade organization what we're hearing is that th

u.s. aluminum and steel producers are rising today. you are looking at century aluminum company core, and -- , those aluminum, nucor companies closing higher by 2%. the commerce departmenting that the president pose -- impose a range of restrictions on steel, including tariffs and quotas. joining us now is our metals and mining reporter. talk about the numbers that are being proposed. even though this is what the commerce department came up with, the president has leeway to use them or not? disclaimer on all of this -- what the president decides in two months is what happens. we have all of these numbers that came out today, markets often trade on speculative information that is how you can view what happened today. what they laid out for aluminum and for steel were very similar. three different steps. across-the-board tariffs. across-the-board tariffs for steel and aluminum. the second was we are actually targeting higher tariffs to certain countries. for aluminum, for countries, steel, 12 different countries. everybody else wondering what about us? you can only export to the u.s. equal to the amount that you did last year in 2017. in the last one, it is an across-the-

commerce department. trade investigations rose 81% in the first 12 months of trump's presidency with tariffs imposed on solar panels, washing machines, lumber, and paper. the fate of nafta, the trade deal among the u.sanada, and mexico, that's still hanging in the balance. >> that was interesting because a lot of republican senators were very clear right to the president's face, be very careful here, we don't want to start a war on this. >> what's interesting is we saw aluminum and steel company shares spike yesterday after trump talked. everybody saying, listen, caution, caution here. this can really upset the marketplace for consumers, for you and me. >> a big deal. keep an eye on this. >>> everybody talking talking about snowboard superstar shaun white who soared to historic gold medal at the winter olympics. >> coy wire with more from pyeongchang. >> reporter: good morning. at 31 years old, shaun white captured his third olympic gold and redemption after he failed to medal in sochi. more than his age, it was his mind coming into these games that was holding him back. just four months ago, he attempted a trick that left him with a gash and over 60 stitches in his face. he said earlier this week t

commerce department recommended that president trump slap steep tariffs on steel and aluminum jim mattis said he would prefer targeted tariffs >>> still ahead on "worldwide exchange," raising the red flag on the u.sdollar why the ecb is pointing fingers at president trump and full details ahead of the market expectations. we're pointing higher on the futures market let's get a weather update from bill karins. >> good friday morning to you. heavy rain from techs back to the ohio valley. a flood threat remains the heaviest areas are in arkansas and the dallas ft. worth area we have a couple of flash flood warnings num raerous river flood warnings another widespread 1 to 3 inches, isolated up to 5 inches. the rain does move out on sunday at least you have one decent day over the weekend rainfall totals between 1 to 3 inches the highest totals north of dallas, towards louisville, south of indianapolis and back up towards pittsburgh. the weekend forecast, still warm in the southeast, rain develops into the northeast during the day. over the weekend the worst of it will be moving out of the areas at yhe deep south. th'sour business travel forecast more "worldwide exchange" when we come back let's begin

u.s. steel, ak steel, new corps, they are moving higher on a bloomberg report that president trump says he wants a tariff of 24% on steel imports it was one week ago today that the commerce departmenty believe that imported aluminum is a national security threat, which gives the president the option of perhaps doing 24% duties on imported aluminum. now we are hearing perhaps something is coming when it comes to steel not surprising he talked about this on the campaign trail an awful lot. >> late on a friday. >>> meantime, we are just moments away from the curling. there is the flame in south korea as we head into the final weekend of the winter olympics men's u.s. curling team beat canada last night. launching them into the gold medal match against sweden tomorrow but first, it's the women's curling semifinals tonight sweden and great britain face off for a spot this the gold medal match. that's all coming up moments from now at the top of the hour. >> from olympian to entrepreneur our next guest was the first american women's free style skier to win multiple medals she has since opened silver bean company in salt lake city and founded a team building company. she is also the autho

to debate a commerce department nomination. live coverage of the u.s. senate. the president pro tempore: the senate will come to order. under the previous order, the senate stands adjourned until senate stands adjourned until live coverage of the conference should continue shortly on c-span2. [inaudible conversations] [inaudible conversations] [inaudible conversations]