May attacks Trump's 'unjustified' move to slap tariffs on European Union imports

May attacks Trump's 'unjustified' move to slap tariffs on European Union imports

Canada's retaliatory tariffs do not go into effect until July, which in theory leaves plenty of time for USA president Donald Trump to reconsider his position.

Mr Trump on Thursday announced Australia and Argentina would be excluded from 25 per cent steel and 10 per cent aluminium tariffs that target key U.S. allies the European Union, Canada and Mexico "to address the impairment" to United States national security.

Reacting to the United States decision to activate tariffs on Canadian steel and aluminum, Ottawa said it would impose its own import levies on over $16 billion worth of United States products such as whiskey and orange juice. "Companies will be forced into hard choices about technology, investment and jobs".

"These tariffs are an affront to the long-standing security partnership between Canada and the United States, and in particular, to the thousands of Canadians who have fought and died alongside American comrades-in-arms", he said.

In the wake of the burgeoning trade war, some trade experts also question whether there might actually be a NAFTA negotiating table to return to given the reality of the political calendar.

Ms Malmstrom said: "This is very unfortunate. because it will cause a lot of damage to our steel and aluminium industry".

German Finance Minister Olaf Scholz told reporters he had let Mnuchin know the tariffs were "unacceptable".

Macron told Trump in a telephone call that the tariffs were "illegal", and Merkel said the measure "risks touching off spirals of escalation that in the end hurt everyone". Japanese metal producers have been paying the tariffs since March 23. "But it's not going to happen like that anymore", he said.

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Mr Trudeau said: "Canada is a secure supplier of aluminium and steel to the USA defence industry, putting aluminium in American planes and steel in American tanks".

Ford, which uses aluminum in its best-selling F-150 pickup trucks, said in late April that it expected to spend $1.5 billion in 2018 due to higher material costs. But companies in the US that use imported steel will face higher costs.

Among manufacturers, "the current plan is that these input costs will be pushed through to the consumer and we'll see how successful that will be", Fiore said.

Agricultural groups too have reacted negatively to the tariffs, fearful over what reaction the United States moves will prompt.

Mexico also plans to retaliate on USA farms and products like pork legs, apples and cheese...

Canada will coordinate its WTO case with the European Union, which also filed a challenge. "It puts us in a position where we're defending first principles, which is Canadians' rights to a strong and healthy economy for their families".

U.S. President Donald Trump's tariffs are driving a wedge in the G7 - and laying the groundwork for a potential clash among its leaders next week in Quebec's Charlevoix region.

Commerce Secretary Wilbur Ross said the tariffs - 25 percent on imported steel and 10 percent on aluminum - would take effect today.

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