Home » World

US singled out by G7 allies over steel and aluminium tariffs

04 June, 2018, 02:54 | Author: Kristen Ingram
  • Canada Trudeau Fundraiser

But, Trudeau said, the idea the Americans would even muse about the idea that its closest friend and ally could be a security threat is ridiculous.

Canada retaliated for the tariffs Thursday with $16.6 billion worth of "countermeasures" that hit a range of products from flat-rolled steel to playing cards, while Mexico also plans tariffs on a variety of US products, including flat steel.

Following the steel and aluminum tariffs, Canada, Mexico and the European Union responded with their own tariffs on US goods.

And referring to the decision as "insulting", Trudeau confirmed Canada would impose reciprocal tariffs on the U.S. The measures are particularly controversial for Canada and Mexico, America's NAFTA partners long-committed to free-trade with the US.

"As a key NORAD and North Atlantic Treaty Organisation ally of the United States, and as the number-one customer of American steel, Canada views the U.S. trade restrictions imposed on Canadian steel and aluminum as absolutely unacceptable", Freeland said. And in this case, on trade, the United States is an outlier.

"These tariffs may go on for a while or they may not.But to say that this is an attack on Canada is not right", Kudlow said.

Ottawa immediately hit back with proportional Can$16.6 billion ($12.8 billion US) in tariffs on U.S. steel and aluminum as well as consumer goods.

The US was on Saturday singled out by some of its closest allies over the imposition of tariffs that they warn would undermine open trade and weaken confidence in the global economy.

President Donald Trump's chief economic adviser is brushing off concerns over escalating trade disputes with a host of US allies as nothing but a "family quarrel".

Mexico, Canada, EU and China announced they will retaliate against the United States with tariffs of their own. The U.S. sells $2-billion more worth of steel on an annual basis to Canada than it buys from Canadian suppliers.

That summit, which will be hosted by Prime Minister Justin Trudeau, will also mark Trump's first visit to Canada as president.

Britain's International Trade Secretary Liam Fox said Theresa May would use the meeting to try to convince Mr Trump to back down from what he called an "illegal" maneouvre by the US.

German Finance Minister Olaf Scholz said G7 countries also told Mnuchin about their opposition to new USA sanctions on Iran, which will affect European companies.

Morneau has said Ottawa is buying the project from Kinder Morgan Canada in order to help the expansion overcome political risks. "We still have a few days to take the necessary steps to avoid a trade war between the EU and the US", Le Maire said, adding the European Union doesn't want a trade war. "We're going to be polite, but we're also not going to be pushed around", Trudeau said. General Motors was the in the U.S.in 2017 while Ford was number three.

The administration says the tariffs will boost American industries and correct unfair trade practices by other countries.

"They also discussed the North American Free Trade negotiations and agreed to continue working toward a mutually beneficial outcome".

One of the truths on tariffs is they increase costs for consumers and, besides that, they hurt USA and Canadian workers, considered the Prime Minister.

Recommended:



Popular

Fulham back in Premier League with playoff win over Villa
Promotion is vindication for the glorious front-foot manner in which Fulham have flummoxed countless teams this season. The pitch suits us , with the way we play football.

Evicted 30-Year-Old Michael Rotondo Packing Up After Altercation with Dad
He's said that the eviction from his parents' house is in retaliation for his losing visitation and that he was a good father.

Summit With North Korea Is Back On
Pompeo also said he had a "working dinner" with Kim Yong Chol , adding that their menu included steak, corn, and cheese. Trump said the lengthy conversation Friday "went very well" and called it "a get to know you kind of a situation".

Zidane resigns as Real Madrid head coach in shock announcement
Speaking on the Sky Sports Transfer Centre podcast, Sheth said: "If Conte goes, Sarri would be the favourite to take over". But who will replace Zidane as Real boss? For me and for everybody, I think the moment to change has arrived.

Zidane departs Real Madrid
He lifted nine titles during his stint at the club, among them three successuive Champions League trophies. Post this it was said that it was said the 25-year-old might not feature in the FIFA World Cup 2018.

Texas boy spells ‘koinonia’ correctly, wins Scripps National Spelling Bee
In the end, the 2018 Scripps National Spelling Bee was between two Texans whose parents had come to the United States from India. That's a record number of spellers for the prime-time finals, and it could mean a late-night finish to a longer-than-usual week.

Top North Korean officials travel to U.S., Singapore in summit preparations
Secretary of State Mike Pompeo during testimony before the Senate Foreign Relations Committee last week. Kim is close to North Korea's leader, and that's important, says a former USA envoy, Joseph DeTrani.

China rejects "ridiculous" US accusation of South China Sea militarisation
The comments came after China's foreign ministry expressed Beijing's "strong dissatisfaction" with a FONOP carried out on Sunday. U.S. assertions that China is militarising the South China Sea are "ridiculous", China said on Thursday, after U.S.

Real Madrid coach Zinedine Zidane steps down after winning Champions League
Gareth Bale, whose personal situation could now improve under a new coach, was informed of the change on Thurdsay morning. Karembeu, who started alongside Zidane in the 1998 World Cup final, knows full well the pressure of Real Madrid .

Top North Korean Adviser Meets Pompeo in NY to Plan Summit
Trump responded that talks regarding the summit scheduled to take place in Singapore on June 12 were "going very, very well". North Korean and USA officials have been spotted at hotels in Singapore, where the two leaders had been planning to meet.