EU, Mexico And Canada Retaliate Against Trump's Steel And Aluminum Tariffs

EU, Mexico And Canada Retaliate Against Trump's Steel And Aluminum Tariffs

At a press conference Thursday afternoon, Canadian Prime Minister Justin Trudeau told reporters the US tariff actions against Canada are "totally unacceptable" and "an affront to the longstanding security partnership between Canada and the United States, and in particular.to the thousands of Canadians who have fought and died alongside their American brothers in arms".

He has argued that global oversupply of steel and aluminium, driven by China, threatens U.S. steel and aluminium producers, which are vital to the US.

Trump is going ahead with plans to slap large tariffs on steel and aluminium from the EU, Canada and Mexico.

Mr Ross said talks with Canada and Mexico over revising NAFTA were "taking longer than we had hoped". He said they "will only lead to the victory of those who want less growth, those who don't think we can develop our economies across the world".

Mr. Trump had signaled earlier this year that the tariffs were coming, but also invited targeted countries to make the case that they should be exempted.

The Prime Minister's Office said they "all agreed to continue to defend the Canadian steel and aluminum industry from unwarranted tariffs and to stand up for the best interests of all Canadian workers and businesses".

The US is the second biggest export destination after Turkey - 4.9 million tonnes of steel went there a year ago.

Steel coils produced at the NLMK Indiana steel mill are prepared for shipping on March 15 in Portage, Indiana.

The measures announced on Thursday ended months of uncertainty about possible exemptions, illustrating a hardening of the Trump administration's stance towards trade negotiations. It is expected to cost USA businesses some £2.4bn.

Canada, Mexico and the European Union were initially granted exemptions, but they end Friday.

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Mr. Trump, in his proclamation announcing the new tariffs, said he did it to protect national security.

The UK steel industry employs about 31,000 people and sends about 7 percent of its exports to the United States, according to the organisation.

Threats have reverberated from Brussels in all directions as Beijing as well as Washington have entered the EU's scopes as the bloc attempts to address global trade. Steffen Seibert, a German-government spokesman, also called the tariffs "unlawful". "But we see no sign of that in the US action today", he said, describing the tariffs as "a turning point in the Canada-US relationship".

"Now is not the time for any disproportionate escalation, and we urge the European Union to consider this when initiating its response", he added.

Ross himself heads to Beijing on Friday where he will attempt to get firm deals to export more USA goods in a bid to cut America's US$375 billion (S$502 billion) trade deficit with China.

Foreign Affairs Minister Chrystia Freeland has said Canada would retaliate if duties are imposed.

Steel is less lop-sided but the USA still didn't have the capacity to make all the steel the country needed.

"Unilateral trade tariffs are always a negative sum game", he said on Twitter.

Even some members of Trump's own political party criticized how he was treating U.S. allies.

Mexico retaliated nearly immediately against U.S.

Mexico said its retaliatory duties on U.S. imports would be in place for as long as the USA duties.

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