Canada

Ariel Helwani Net Worth 2020 – How Much is the MMA Journalist Worth?

///

Ariel Helwani is a 35-year-old MMA (Mixed Martial Arts) journalist from Canada.
MMA is a full contact fighting sport that utilizes a mixture of techniques from other martial arts and combat arts that include boxing, wrestling, jiu jitsu, sambo, kickboxing, kempo karate, muay thai, and grappling. You can click at blog.ideafit.com to learn more about Jiu Jitsu.
He has been working in the field since the year 2006. How much is the journalist worth today?

Early Life

Born on July 8, 1982, in Montreal, Quebec, Canada, he is a child of a Lebanese mother and Egyptian father. His family’s origin is Jewish. Ariel grew up in Mount Royal, Quebec and later moved to Westmount. He attended Akiva School and Herzliah High School. After growing up, he studied at the S.I. Newhouse School of Public Communications of Syracuse University in Syracuse, New York.

When it comes to his love life, he married his childhood sweetheart Jaclyn Stein. They have three kids and currently live in Brooklyn, New York.

img source: heightline.com

Career, Awards & Achievement

As we mentioned, Ariel Helwani has worked in journalism as an MMA reporter since 2006. He is the face of MMA fighting in a lot of pre and post event programs that cover the sport. He was also the co-host of the radio show ‘Fight Club’ on Sirius XM, after which he was the host of ‘MMA beat show’ and ‘The MMA Hour Podcast’ on YouTube. He is also a member of the Mixed Martial Arts Journalists Association, where he serves as the interim vice president.

img source: mmamania.com

On June 4, 2016, he was removed from the UFC 199 event coverage, because he reported on the return of Brock Lesnar, the professional American wrestler, before UFC made it official. They stripped off his credentials and banned him for life from covering UFC events.
Another UFC commentator, Joe Rogan, said how Ariel was not supposed to reveal that information. He was instructed on it before the event. It is not believed that maybe amole was involved in the leaking of the big story to Ariel. He denied this on twitter some time later.

UFC president Dana White said that the ban will stand for as long as he is able to allow it to exist. He is able to cover the events, although with no credential. Later that June, he held an emotional broadcast about the big incident in an episode of ‘The MMA Hour’. He decided to remain an MMA journalist despite not getting credibility. On June 6, UFC cancelled his ban, and stated that media is very important for UFC. They also said that the two sides sorted everything out regarding the incident.

Awards and Achievements

• 7 x winner of the ‘MMA Journalist of the Year’ Award at World MMA Awards (2010, 2011, 2012, 2013, 2014, 2015, and 2016)
• Named ‘the Howard Cosell of MMA’ by FIGHT! Magazine in 2011

Net Worth

His current net worth is estimated at nearly $6.5 million, his fortune is the result of the credibility and demand as an MMA journalist.

Ariel Helwani has a huge reputation and is considered one of the best experts in his line of work. Many think about him as the center of attention and a one-man show when MMA media is in question.

Best law schools in Canada

/

– Students apply to study in Canada for various reasons. Not only are the study programs quite affordable, but Canada offers stunning natural scenery and, as well all know, friendly people. In Canada, law is a postgraduate subject and once you get your law degree, you can push yourself even more and further study law. Although most law schools are around major cities like Toronto, Vancouver, and Montreal, there are great schools that offer LL.M. study programs in other cities as well. WriteMyEssayOnline company compiled a list of the 10 best schools that you can apply for:

University of Toronto (UofT) – Faculty of Law, Toronto

This school holds the title of the best university in Canada. The school offers LL.M programs in various topics, including Criminal Law, Legal Theory, and Business Law. The LL.M. guide lists this faculty’s program as one of the best ones in Ethics and Policy and Health Law globally.

Img Source: blogto.com

McGill University – Faculty of Law, Montreal

– A J.D. candidate Peter Dalglish often refers to this school as the “Harvard of the North”. This faculty is one of three English-language faculties in Quebec. Law undergrads are required by the school to be “a little bit” bilingual in English and French, though LL.M.s are exempt from this requirement. This faculty offers classes in General Law, as well as in Comparative Law, Environmental Law, and Space and Air Law.

Img Source: bullandbearmcgill.com

Osgoode Professional Development – Osgoode Hall Law School of York University, Toronto

– Established in 1889, this faculty is one of the best law schools in Toronto. The faculty offers a wide range of LL.M. programs, including programs in International Business Law and Canadian Common Law. The LLM GUIDE lists Osgoode Hall as one of the top 10 schools for Intellectual Property Law and Alternative Dispute Resolution.

Img Source: blackwell.ca

Queen’s University – Faculty of Law, Kingston

– Located in Kingston, this faculty has been offering programs for studying law since the late 1800s. The programs at this school can be completed in 9 to 12 months and students have the chance to finish some courses at a castle in England. Additionally, the school also offers LL.M. programs in Legal and Political Thought for students that are interested in legal philosophy and theory.

Img Source: youtube.com

Peter A. Allard School of Law at University of British Columbia (UBC), Vancouver

– Applicants that want to study in the beautiful Vancouver, do not have to look further than UBC. The school’s program in addition to providing training in Common Law, the program also helps students work on the coursework of requirements for actually practicing law in Canada. It also offers a program in Taxation.

Img Source: wikimedia.org

Dalhousie University – Schulich School of Law, Halifax

– The location of this university means that the applicants will be studying in the middle of the beautiful province of Nova Scotia. However, it is not just the nature that attracts students to this school, this university is ranked in the top 15 Canadian faculties in the Times Higher Education ranking.

Img Source: theglobeandmail.com

The University of Alberta – Faculty of Law, Edmonton

– Started in 1912, this is the third oldest law school in Canada. The school offers LL.M.s in coursework and by thesis. For applicants that are interested in energy law, studying an LL.M. in the oil capital of Canada could provide you with various networking opportunities in this field.

Img Source: wikimedia.org

Western University (UWO) – Faculty of Law, London

– This school is located in London, Ontario which is between Detroit and Toronto. The school offers programs by thesis, as well as research project-based programs that was started in 2016.

Img Source: pinterest.com

University of Ottawa – Faculty of Law, Ottawa

– This college offers a wide range of LL.M. concentrations, such as the Notarial Law (however, the classes are in French only), and programs in International Law, Environmental Law, and Global Sustainability.

Img Source: research.uottawa.ca

Universite de Montreal – Faculte de Droit

– For applicants that are fluid in French, the University of Montreal is an interesting option. For people that do not know French, the school offers programs in Global Context and Business Law.

Img Source: nouvelles.umontreal.ca

Mystery of Oak Island – What Secrets does the Island Hold?

//

The Oak Island mystery is a set to stories about hidden and buried treasures, artifacts and unexplained objects on Oak Island in Nova Scotia, one of Canadian Provinces. There have been many different attempts since the 19th century to find and retrieve treasure and artifacts.
Although there are many different theories and possible connections to various time periods and artifacts, no significant discoveries have been made yet.

Earliest Information (1790s–1856)

A very limited amount of verified information is familiar about the early treasure hunting activities on Oak Island.
Only decades after them did the publishers pay attention to all the activity and rumors surrounding the island, so they decided to investigate. The earliest recorded story of a treasure score is that of a settler called Daniel McGinnis.

It first appeared in print in 1856, with the excavation information on the Onslow and Truro Company appeared in the early 1860s. Everything before this should therefore be considered as legends, stories, myths and mouth stories at best, going back to the late eighteenth-century.
The first of these involve a dying sailor from the crew of famous Captain Kidd (1701). It is allegedly stated that a treasure worth approximately £2 million is buried somewhere on the island.

Img source: luzs.cz

The First Excavations (1861-1898)

The “The Oak Island Association” company made a big attempt at digging out treasure. They drilled from the side to avoid the flooded shaft. During the excavation, collapsed, and it was said that the treasure fell into a void. Speculations of booby-traps also occurred. The new shaft became flooded as well. The first of the six deaths happened when a pump engine boiler burst, killing a man. The project was abandoned when money ran dry in 1864.

Two years later, an unknown group came with steam pumps and boring equipment. The pumps were useless and unable to keep the water out of the side shaft. Boring samples were acquired however. One of these samples had a small piece of sheepskin parchment with two letters, “vi” or “wi”, written in India ink, on it. The second a death occurred on March 26, the following year when Maynard Kaiser fell to his death.The following year, the group poured red paint into the flooded pit. This revealed three exit holes present on the island.

Further Attempts (1909-1939)

Captain Henry L. Bowdoin came to Oak Island in August of 1909. He represented the Old Gold Salvage Group, and one of their members was none other than Franklin Delano Roosevelt. The area received the intriguing nickname the “money pit”. Around 113 feet (34 m) were cleared out, with divers investigate the area.None of the borings revealed interesting details anywhere.
Bowdoin examined Smith’s Cove as well, and reported the discoveries of drain tunnels and a ringbolt in a rock. Again, nothing of value or interest came out. Bowdoin later examined the “stone cipher” in Halifax, and found it a basalt rock with no symbols. This group finally left the island in November, however Roosevelt always kept up with the news and developments from the island, until his death.

In 1928, one of the New York newspapers published a story on Oak Island. William Chappell was intrigued, and went on to excavate the pit in 1931, southwest of what he thought to be the 1897 shaft. At 127 feet, or 39 m, a many artifacts were found, including a fluke anchor, an axe, and a pick. Al of these were from previous excavations, but the owners were impossible to trace.

Img source: oakislandtours.ca

Gilbert Hedden was an operator of a steel fabricating company. He was also interested in the 1928 article, and was fascinated by the problems in engineering at the excavation site. He took six trips to Oak Island, and also collected books and articles on it. He went so far and travelled to England in order to consult with Harold T. Wilkins, who wrote Captain Kidd and His Skeleton Island. Hedden began to dig during the summer of 1935. After this he purchased the southeastern end of the island. His excavations were unfortunately, like all the rest, unsuccessful.

From the ‘60s to the ‘90s (1959-1990s)

Robert Restall came to the island with his 18-year-old son, as well as with his work partner Karle Graeserin 1959, before which he had signed a contract with one of the owners of property. In 1965, they attempted to seal a storm drain in Smith’s Cove, or so they believed, and dug a shaft 27 feet down. On August 17, hydrogen sulfide fumes overcame Restall who passed out. His son then went to try and save him, but he too lost consciousness. Graeser and two other people, Cyril Hiltz and Andy DeMont, went next to save the two. Finally, a visitor Edward White lowered himself using a rope on a rope, but only managed to rescue DeMont. Sadly, Restall and his son, as well as Graeser and Hiltz all died that day.

During this year, Robert Dunfield leased some parts of the island. He dug 134 feet (41 m) deep and 100 feet (30 m) wide with a 70-ton clam bucket crane. The transportation of this enormous crane required the construction of a causeway, which still exists today. It stretches from the western end of the island, all the way to Crandall’s Point on the mainland. It is two hundred meters long.His lease on the island ended in August of 1966.

Img source: oakislandtreasure.co.uk

Next attempt came in January 1967, when Daniel C. Blankenship, Robert Dunfield, David Tobias, and Fred Nolan formed a syndicate meant to explore Oak Island. After two years, Blankenship and Tobias established Triton Alliance and purchased the majority of the island.Former landowners like Mel Chappell became shareholders in Triton. In 1971, the company excavated a 235 feet (72 m) shaft, known as Borehole 10-X. It was attached to bedrock by a steel caisson.

Reportedly, they lowered cameras into a cave, that recorded chests, human remains, wooden cribbing and tools. These images were unclear however, ant nothing was confirmed. The shaft collapsed, after which the excavation was abandoned one more time. It was revisited and dug to 181 feet (55 m) all the way to bed rock, which was followed by the lack of funds, and the breaking of partnership finally stopped it.

Img source: oakislandtreasure.co.uk

In 1983, Triton Alliance took Frederick Nolan to court and sued him over the ownership of seven lots on the island. Two years later, his ownership was confirmed, however he had to pay damages for interfering with the tourism business of Triton Alliance. Triton lost on appeal in 1989, when Nolan’s damages were lowered.

In the 1990s, the overall exploration stalled due to legal battles between the Triton partners, and the lack of funding got in the way as well.A part of the island became available for sale in 2005 for US$7 million. Oak Island Tourism Society hoped for the government of Canada to buy it, but instead a group of American drillers ended up as the owners.

Oak Island Tours (2005 – Present Day)

In April of 2006, brothers Rick and Marty Lagina from Michigan purchased 50% of Oak Island Tours from David Tobias. Blankenship owns the rest of the company. Center Road Developments, Allan Kostrzewa and Brian Urbach, who are members of the Michigan group, bought Lot 25 from David Tobias for $230,000 a year before Tobias sold his share. The Michigan group and Blankenship resumed operations on the mysterious island, hoping to find buried treasure and solve the centuries old mystery.

In July of 2010, Blankenship and the rest of the stakeholders got the license from Nova Scotia Department of Natural Resources and Department of Tourism, Culture and Heritage, meaning they can resume their activities until December 31, 2010.After this date passed, they repealed the license and replaced it with the Oak Island Treasure Act.It is power from January 1, 2011, and allows treasure hunting to continue on the island under the terms and the license issued by the Minister of Natural Resources. Lagina brothers have a reality TV show that documents their discoveries and operations on the island. It started airing on the History channel in 2014, and is now in its sixth season.

Img source: showbizpost.com

Myths

The earliest theory is that the money pit holds a pirate treasure buried by Captain Kidd. He allegedly conspired with Henry Avery, and the island was their bank. The second pirate theory involves Edward “Blackbeard” Teach, who buried his treasures “where none but Satan and myself can find it.”

Another theory tells that the pit was made by Spanish sailors and holds treasure from a wrecked galleon, or maybe even by the British troops during the American Revolution. Some say that the British marines dug the pit because they need a place to store the loot from their invasion of Cuba. The value of this is treasure was reportedly around £1,000,000 pounds, which is about $180,000,000 in today’s economy, adjusted for inflation and currency rates. John Godwin wrote that the size and complexity of the pit show that is was the French Army engineers who hid the treasury of the Fortress of Louisburg, which fell to the British during the famous Seven Years’ War.

Marie Antoinette’s jewels

Marie Antoinette’s jewels are widely missing, except for some in museum collections. They are also thought to be on the island. On October 5, 1789, a mob of angry Parisian women workers encouraged by revolutionaries marched to the Palace of Versailles. Marie Antoinette told her maid to run with the jewels. She went to London and then Nova Scotia with the jewels and other treasures and important documents. Through royal connections, and in collaboration with the French Navy,they build the Oak Island pit. The first possible evidence for this theory appeared in 2017, when a 500-year-old brooch with a large garnet was discovered.

Img source: documentarytube.com

Bacon-Shakespeare Connection

Penn Leary wrote in his 1953 book, The Oak Island Enigma: A History and Inquiry Into the Origin of the Money Pit wrote that the pit was used for hiding manuscripts that indicates that Francis Bacon was the author of Shakespeare’s works, as well as the leader of the Rosicrucian’s. “The Second Cryptographic Shakespeare” from 1990 identified ciphers in Shakespeare’s works that point to the authorship of Bacon.

Masonic and Rosicrucian’s Connections

In Oak Island Secrets, Mark Finnan wrote how many Masonic markings are present on Oak Island, and that the pit replicates some aspects of a Masonic initiation rite, complete with a hidden vault containing treasure. Joe Nickell draws parallels between Oak Island, the “Secret Vault” allegory in York Rite Freemasonry, and the Chase Vault on Barbados, while Steven Sora speculates that the money pit is the work of the exiled Knights Templar. It may also contain the Holy Grail, or the Ark of the Covenant.

One more theory suggests how Rosicrucian’s and Francis Bacon had plans to make the island the home of their legendary vault that hides ancient manuscripts and artifacts. Researchers and cryptographers such believe they have found codes hidden in Shakespeare’s works and other 16th and 17th century art and documents, as well as rock formations on the island. Daniel Ronnstam believes that the stone found at 90 feet or 27 m contains a dual cipher, created by non-other than Francis Bacon.

Img source: oakislandmoneypit.com

Other Theories

Joy Steele, an author, thinks that the pit is a tar kiln from when “Oak Island served as a tar-making location as part of the British naval stores industry”.A marine biologist, Barry Fell, tried to translate the symbols on the stone in late 1970s. He said that they resembled Coptic alphabet and read, “To escape contagion of plague and winter hardships, he is to pray for an end or mitigation the Arif: The people will perish in misery if they forget the Lord, alas.” Fell’s theory is that the Coptic migrants sailed from North Africa to the island and made the pit themselves.

University Of Calgary Press

The University Of Calgary Press is dedicated to delivering peer-reviewed scholarly work that influences people. This university publishing house is owned by the University of Calgary, and the books that are offered provide a connection between local experience and global communities.

Source:astroffconsultants.com

This university publishing house is located in Calgary, Alberta, and on October 22, 2010, it became an Open Access press. More than 70 titles have been published and offered under Creative Commons License with “Grey Matters, a Guide For Collaborative Research” being the first open source book that was offered as part of “Open Access Week” in 2010.

The goal of books is to provide an in-depth analysis of the research that was done for the creation of any release. Topics that are included motivate people to think and express their point of view allowing the conversation to move forward. Here are some of the areas that University Of Calgary Press is specialized in:

– The West
– Military and Strategic Studies
– Latin American & Caribbean Studies
– Arctic and Northern Studies
– Canadian History and Environment
– Contemporary Canadian Art and Architecture
– African Studies
– Energy, Ecology and Sustainability
– Film Studies

As the publishing house is striving to bring their publications to the largest possible audience, all researches are accessible as open-access. Free download of all titles is offered, and with authors permission, under a Creative Commons license, you can get them in PDF. All the titles also come in traditional book format, and you can purchase those from online retailers or bookstores.

The University of Calgary has been established in 1944 as a branch of the University of Alberta that has been created in 1908. Its full autonomy came in 1966, and today it has 14 faculties and more than 85 various centers and research institutes. The northwest quadrant is the location that was chosen for the main campus while the city center hosts a smaller south campus.

Source:university-details.com

Enrollment of the university is at about 25,000 undergraduate and 5,000 graduate students. On top of that, more than 170,000 alumni all over the world include some of the well-known names in various segments. Some of the most prominent names are Stephen Harper, former Prime Minister of Canada, James Gosling, Java computer language creator, Chip Wilson, Lululemon Athletica founder and ex-astronaut from Canada, Robert Thirsk.

The QS World Universities Ranking positioned the University of Calgary at the #1 spot for both Canada and North America. It was also awarded by the Times Higher Education that placed it at top 150 under 50.

The University of Calgary is located at:
2500 University Drive N.W.,
Calgary, Alberta, Canada
T2N 1N4

Main Switchboard: 403.220.5110 
Web address: 
http://www.ucalgary.ca

Source: press.ucalgary.ca

Trump Imposes New Trade Tariffs on Canada, Invokes 1812 War

//

President Donald Trump spoke on the phone with Canadian Prime Minister Justin Trudeau about the new tariffs that are imposed on steel and aluminum imports from Canada. According to one of the sources familiar with the conversation, POTUS invoked a historical reference that was wrong.

The sources claim that Trudeau was opposing Trump, grilling him about justifying the tariffs as a “national security” issue. Trump responded: “Didn’t you guys burn down the White House?” referring to the War of 1812.

The problem with this is that it has nothing to do with the tariffs. Also, the statement was incorrect because it was the British troops who burned down the White House in 1812. The British army had to do something after the Americans attacked York, Ontario, so they invaded Washington.

Source:mediaite.com

One source was asked whether this was meant to be a joke and he responded: “To the degree, one can ever take what is said as a joke. The impact on Canada and ultimately on workers in the US won’t be a laughing matter.” Meanwhile, the White House restrained from commenting, and although CNN requested an answer, the National Security Council didn’t give it immediately.

According to National Economic Council Director Larry Kudlow, there are some short-term tensions between the United States and its Northern neighbor, but despite this conversation, the two countries remain “very good.” Kudlow said: “I have no doubt that the United States and Canada will remain firm friends and allies whatever short-term disagreements may occur.”

Trudeau denounced the “national security” justification in the interview with NBC’s Meet the Press. He said: “The idea that we are somehow a national security threat to the United States is, quite frankly, insulting and unacceptable.”

Canada’s Minister of Foreign Affairs Chystia Freeland was perplexed by Trump’s comments. Freeland said: “And I would just say to all of Canada’s American friends — and there are so many — seriously? Do you really believe that Canada, that your NATO allies, represent a national security threat to you?”

Source:businessinsider.com

As a Corker spokeswoman told CNN, Freeland met with Senate Foreign Relations Committee Chairman Bob Corker in order to express her concerns regarding the new tariffs. Corker questioned Trump’s policy and his ridiculous justification. “There is no reason to use this provision to consider imposing tariffs on the automobile industry, and this appears to be either an attempt to affect domestic politics ahead of the election or for some other transactional purpose regarding ongoing trade discussions. This is a dangerous course and should be abandoned immediately,” Corker said in the statement.

As expected, POTUS wrote on Twitter, defending his decision on the newly-imposed tariffs. He said: “The United States must, at long last, be treated fairly on trade.” One of the senior administration officials didn’t want to discuss details of the conversation, but Trump and Trudeau definitely had heated moments and confrontations. The official said: “It’s understandable that change causes friction.”

Just a few months ago, Trump promised Trudeau that Northern neighbor would be exempt from the new tariffs, as the Canadian officials confirm to CNN. At one point, the US granted Canada and Mexico a reprieve from tariffs as the three countries are trying to rework the North American Free Trade Agreement known as NAFTA.

Source:thenational.ae

Trump said that it was concerning that the Chinese steel and aluminum arrives in Canada first and from there, it is shipped to the United States. Meanwhile, the Canadian prime minister announced increased funding and border vigilance “to prevent transshipment and diversion of unfairly priced foreign steel and aluminum into the North American market.”

The officials from Ottawa thought that this would satisfy the US president, granting them a permanent exemption from taxation. One of the Canadian officials said that they were just trying to “keep Trump happy” just ahead of the G7 Summit in Quebec. In the meantime, Trudeau didn’t want to comment Trump’s invocation of the 1812 War.

Source: edition.cnn.com

If America’s Frist, where is Canada?

//

Repeated statements made by the United States President Donald Trump that he will make America Frist, especially when it comes to trade, has left its northern neighbor worried.

The United States is Canada’s number one trade partner and any disruption in the cross-border trade are bound to have a significant effect on Canada’s economy. Even threats of dissolving NAFTA (North American Free Trade Agreement), signed in 1998, was enough to cause turbulence on Canada’s stock market. Mr. Trump once called NAFTA “the worst trade deal ever made,” yet he agreed to enter negotiations to renew the agreement. The first deadline for the adoption of the new NAFTA was set for May 1st, but negotiating teams failed to meet it. The new date is set for July 1st, and all three sides are working fervently in order to get things done by then.

“There is positive momentum, but as we all know it won’t be done until it’s done,” Canadian Prime Minister Justin Trudeau said.

Source:uk.businessinsider.com

Despite Mr. Trudeau’s optimism, there are some people in Canada who remained worried. Milk industry representatives are among those who fear that new NAFTA will end a long-standing policy of guaranteed price for Canadian milk and steep tariffs for imported ones. Mr. Trump has particularly mentioned this system as an example of Canadians exploiting their southern neighbors through this deal.

Another sector that is under attack is logging industry. For years, Americans have argued that Canada is subsidizing its loggers by charging only minimal fees for logging on public land. Donald Trump’s administration took this one step further and imposed import tariffs of more than 20% on Canadian softwood lumber. According to Susan Yurkovich, of the British Columbia Lumber Trade Council, the only reason that industry is alive is a high demand from the United States and that any hint of the market slowing down would spell disaster for Canadian loggers.

All these have left a mark on the Canadian economy, according to Bank of Canada Governor Stephen Poloz. Too much uncertainty has even forced some investors to abandon their plans and instead of in Canada, invest south of the border, especially in the lights of tax cuts Mr. Trump introduced recently. Considering that the trade between two countries totaled $674 billion last year, it is easy to see why any turbulence could cause a massive loss of money and jobs. That is why Mr. Trudeau and his associates are spending a lot of time in Washington, trying to charm American officials into accepting the new NAFTA.

Source:netivist.org

Canadians are not the only ones pushing for the new deal. Many Americans share their opinion that NAFTA is an excellent agreement and that it should be renewed, even Republicans who are pro-trade are trying to pressure Mr. Trump into accepting it. With the new deal signed, temporary restrictions granted to Canada’s steel and aluminum manufacturers would probably become permanent, which is vital for many communities in Canada, especially Hamilton in Ontario, whose steel industry employs more than 10,000 people in the area.

Source: bbc.com

Tariffs on EU, Canada, and Mexico Delayed For 30 Days by The White House

//

It would seem that the Trump administration bite off more than it can chew and that simultaneous trade war with two of the country’s biggest trade partners is a bit too much. Who knew the international trade is so complicated?

The tariffs on steel and aluminum brought by the White House were to go into effect on Tuesday. A 25% on steel and 10% on aluminum would have an adverse effect on all companies exporting those products to the United States. Many nations who would have been affected by these tariffs have been frantically trying to secure an exemption, but so far only Argentine, Brazil, and Australia have managed to obtain them.

Source:wvlt.tv

The tariffs, which are coming in effect just as the United States are preparing for the upcoming summit with North Korea, may have an adverse effect on the relationship Washington has with its key allies in Europe, which are bound to be one of the biggest losers if the tariffs are put to effect. That is why this 30-day reprieve is a much-needed respite for both sides, EU to figure out the response and US to enforce the same tariffs on China. America is also in the middle of negotiations with Canada and Mexico on the new NAFTA deal, which could be jeopardized by the new taxes.

Source:10tv.com

The main reason behind the tariffs is that many companies are buying steel abroad and exporting it to the US, leading to a market flooded with cheap Chinese steel American manufacturers can’t compete with.

“In all of these negotiations, the administration is focused on quotas that will restrain imports, prevent transshipment and protect the national security,” the White House said.

That is why Trump’s administration has been offering exemptions to the countries willing to accept quotas on both steel and aluminum. EU, on the other hand, has stated that it refuses to negotiate under threat and that in case US tariffs go into effect after the 30-days reprieve period, the block will institute a set of tariffs of their own on American goods, ranging from motorcycles to blue jeans. Brussels will also join China in their complaint at the World Trade Organization, saying that tariffs are a violation of the international trade law.

“The U.S. decision prolongs market uncertainty, which is already affecting business decisions,” the European Union said after the White House issued a reprieve. “The E.U. should be fully and permanently exempted from these measures, as they cannot be justified on the grounds of national security.”

So far, only Washington’s major ally left out from exemptions is Japan. President Trump and his advisors have been hopeful of coercing Tokyo into direct trade negotiations, but Japan’s Prime minister has been quite adamant on that issue and have insisted that the only trade talks he is interested in are the ones about the United States joining TPP (Trans-Pacific Partnership), a deal Mr. Trump abandoned as soon as he entered the White House.

All these talks about tariffs and sanctions have left the markets in the state of uncertainty, which is already causing damage. Today’s news of reprieve has managed to stabilize things a bit, but if the reprieve remains temporarily, it won’t matter much once it expires.

The tariffs have even created uncertainty in America, as customers are unsure where to buy metal and at what price. As the traditional exporters are apparently going out of business, it will be on American steel manufacturers to pick up the slack, something that can hardly be done without a price increase. According to Todd Leebow, the president and chief executive of Majestic Steel USA, “From an industry perspective, the challenge that we have is it creates uncertainty.”

Some praise the measures, saying that they are working, like Scott Paul, the president of the Alliance for American Manufacturing, who noted that “There’s some evidence that the approach is working.” The long-term consequences, both political and economic, don’t seem to bother Mr. Paul.

Source:money.cnn.com

In the meantime, the price of steel in Europe is hitting rock bottom, as companies from Russia, India, and China are dumping their stock on the European market. This can easily spell disaster for the European steel industry, which has just exited a 5-year slump and was showing signs of recovery.

“They are worried that another wave of imports could throw the industry back into crisis mode,” Martin Theuringer, the managing director of the German Steel Federation, said.

Source: nytimes.com