Trump hits back at Trudeau's criticism of 'punitive' US metal tariffs

03 June, 2018, 18:27 | Author: Genevieve Gibbs
  • Canada to impose tariff 'countermeasures' on US

"We're in the process of doing, we're redoing NAFTA, we're doing a lot of our trade deals, and we're negotiating properly with countries, even countries that are allies", he said during a roundtable in February of previous year.

Japanese Finance Minister Taro Aso said that direct discussions between Prime Minister Shinzo Abe and Trump may help resolve the issue, though Japan has refused to accept import quotas.

Morneau said he expressed Canada's displeasure with the tariffs during an hourlong meeting with Treasury Secretary Steven Mnuchin on Thursday.

"We are imposing dollar-for-dollar tariffs for every dollar levied against Canadians by the United States", Freeland said.

These tariffs will harm industry and workers on both sides of the Canada-U.S. border, disrupting linked supply chains that have made North American steel and aluminum more competitive around the world.

Friction in Whistler could telegraph an even tenser meeting next week in Quebec, when the leaders of the G-7 meet, including President Trump and Canadian Prime Minister Justin Trudeau.

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But while he said European Union counter-actions had so far been proportionate, he cautioned against measures that might spark a full-blown trade war.

The EU has said the bloc will also apply tariffs in retaliation.

No joint final statement emerged from the G7 ministerial meeting, a sign of the strong discord as the world's major economies verged on open trade conflict.

Speaking to BBC Radio 4's Today programme, Mr Fox said the United Kingdom was still seeking tariff exemptions based both on specific products and also geographic location.

What happens next? The EU will discuss its list of potential retaliatory tariffs with its 28 member states before deciding on whether to enact them.

Trudeau added that Canada would impose dollar for dollar tariffs on steel, aluminium and other products. "It is simply ridiculous to view any trade with Canada as a national security threat to the U.S. and we will continue to stand up for Canadian workers and Canadian businesses", the fourth tweet read.

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Since Trump took office in 2017, Trudeau has attempted to work with his American counterpart to find an amicable agreement on the North American Free Trade Agreement despite Trump's harsh rhetoric. "But Mexico's making over [US] $100 billion a year and they're not helping us with our border because they have strong laws and we have awful laws", he said, overstating the size of the deficit by around United States $30 billion.

The EU is preparing to hit back at the US with tariffs of its own against American products. We do not have any other choice but to respond.

Trump has said the tariffs are needed to protect US steel and aluminum industries vital to the nation's security.

"We would expect declining sales to result in auto-industry job losses ranging from 18,000 to 40,000 by the end of 2019", the Council said in a blog post in March.

Prime Minister of Canada Justin Trudeau slammed the tariffs as an "affront" to a longstanding relationship between the US and Canada during a press conference.

The American government announced on Thursday morning that it will impose tariffs on Canadian steel and aluminum imports, which were effective as of midnight with a 25% tariff on steel and a 10% tariff on aluminum.

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Trudeau said it was "inconceivable" to call Canada a national security threat and "an affront" to a country whose soldiers have fought and died alongside American soldiers from Normandy to Korea to Afghanistan.

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