Published: Mon, June 04, 2018
Global | By Enrique Rogers

Canadian PM Trudeau Gets Tough on Trump Tariffs: 'Totally Unacceptable'

Canadian PM Trudeau Gets Tough on Trump Tariffs: 'Totally Unacceptable'

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.

"Instead of opening up another front in trade disputes, we should be teaming up with Europe to confront China", Rubio said, in comments similar to those of several Democrats.

The 25 percent tariff on steel imports to the United States and a 10 percent tariff on aluminum imports went into effect on June 1, ending a two-month exemption and setting the stage for criticism from France, Germany, Britain, Mexico, Canada, and European Union officials.

"The U.S. measures are a protectionist intervention in worldwide trade and run counter to the principles of the WTO (World Trade Organization)", Wirtschaftsvereinigung Stahl said in a statement on Thursday.

"U.S. steel prices are already almost 50 percent higher than those in Europe or China, and aluminum prices have been extremely volatile; this move would add substantially to these challenges", Myron Brilliant, executive vice president and head of global affairs for the chamber, wrote in a post.

On CTV's Question Period, Finance Minister Bill Morneau said he will be speaking with his US counterpart Treasury Secretary Steven Mnuchin about how these tariffs are in neither country's best interest.

"We are imposing dollar-for-dollar tariffs for every dollar levied against Canadians by the United States", Freeland said. "And in fact, our economies are so integrated at a military level that this is going to impact them [the U.S.] in a much more negative way". The said tariffs came into force on Thursday midnight. Trump has regularly complained that other countries impose higher tariffs on imported vehicles than the US does.

Fallout 76: our best and worst guesses about what it actually is
We might get to play as only one of the Reclaimers, or we might assume control of a handful of them. The game will take place around Vault 76 and its few residents who reside there after the fallout .

The problem with the U.S., as with the European Union, is that they are both about 10 times larger than the United Kingdom, and we need them more than they need us.

Despite the EU's reticence to enter a trade war, Juncker said the decision could not go "without any kind of reaction".

According to the economist, the most important concern regarding the steel and aluminium tariffs is not the direct damage, but the fact that the US has begun to step away from a liberal economic policy. Mexico is the main buyer of aluminum and second largest buyer of steel from the US, the country said in a tweet in Spanish.

"This is a risk that we've highlighted in our monetary policy report in the past, the risk of protectionism and the fear of the tit-for-tat responses", he said. But President Donald Trump has dusted them off in recent months and restored tariffs to a prominent place in his America First approach to the rest of the world.

He also discussed addressing a trade imbalance with Europe in a phone conversation with French President Macron, who warned that Europe would respond in a "firm and proportionate manner".

Justifying US steel tariffs based on national security concerns is "grotesque", according to Germany's steel industry association.

Like this: