Trump Takes Aim at Canada as US Protest His Tariffs

Jun 03, 2018, 20:36
Trump Takes Aim at Canada as US Protest His Tariffs

While many countries share US frustration over Chinese trade and economic practices, critics of USA policy under President Donald Trump have warned that Washington risks alienating the European Union, Canada and Mexico with 25 percent tariffs on steel and 10 percent on aluminum.

Fears of a global trade war are overshadowing the G7 talks in the Canadian resort town of Whistler, as Washington's allies vow to push back against the U.S. decision on tariffs.

America's "playing a unsafe game" which risks harming the EU's economic recovery.

These include products the European Union may subject to tariffs from rice to orange juice, cosmetics, motorcycles, motor boats to stainless steel sinks.

French President Emmanuel Macron said in a statement that he told Trump in a telephone call that the tariffs on European, Mexican and Canadian goods are illegal and a "mistake".

The EU has launched its first counteroffensive against Washington's punishing steel and aluminium tariffs while the United States began meetings in Canada with outraged finance ministers from its top trading partners.

The United States had sought use the tariff threat as cudgel to win concessions from Canada and Mexico in talks to renegotiate the North American Free Trade Agreement.

According to, the current trade trend is destroying the United States steel and aluminum sectors.

Ms Malmstrom said a final decision on what products would be hit with tariffs had not yet been made, but added that they would be from an already published list which includes the likes of Levi's jeans, bourbon whiskey, cranberries and peanut butter. The issue about tariffs being slapped on the European Union creates a problem.

UK's Prime Minister, Theresa May has slammed Donald Trump, for his decision to impose tariffs on steel and aluminium producers, a decision that is pushing European Union to the brink of a trade war with the US.

He continued: "The reason I don't know is because he's talked about the fact of this, he's anxious about trade surpluses, trade deficits around the world".

Canada, the largest supplier of steel to the United States, will impose tariffs covering C$16.6 billion ($12.8 billion) on U.S. imports, including whiskey, orange juice, steel, aluminium and other products. The metal tariffs will come into force at midnight (04:00 GMT) on Friday.

The EU said it has opened legal challenges against China and the United States at the World Trade Organization on Friday as punishing trade tariffs announced by Washington raised the prospects of a global trade war.

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

"But we see no sign of that in this action today by the USA administration", Trudeau said. Canada unveiled a package of counter-tariffs on USA imports valued at Can$16.6 billion (US$12.8 billion).

President Donald Trump's chief economic adviser is brushing off concerns over escalating trade disputes with a host of USA allies as nothing but a "family quarrel". "The US economy will suffer as much as any other economy". The official said he believes there will not be a long-term impact on relations with affected countries and they "will get over this in due course".

The EU earlier threatened to counterpunch by targeting USA products, including Kentucky bourbon, blue jeans and motorcycles.

YOU MIGHT ALSO LIKE
  • Telegram Says Apple Has Prevented It From Updating Since April

    Telegram Says Apple Has Prevented It From Updating Since April

    It has attracted more than 200 million users since its launch by Durov and his brother Nikolai in 2013. Apple has stopped approving Telegram for iOS updates globally, according to CEO Pavel Durov.
    Former Chiddix student wins national spelling bee

    Former Chiddix student wins national spelling bee

    After her defeat, she was swarmed by dozens of current and former spellers who wished her well, smiling throughout. The past 13 champions and 18 of the last 22 have been Indian-American, and that trend could easily continue.

    Online gambling and betting increased over 1386% during past five years

    So in as much as stakeholders are heavily spending on ads, their audience is also responding very well to what they are offering. In addition to this, there’s a wide variety of games which the platform offers to cater for all types of gamers.
  • Visa systems operating at 'close to' normal levels after severe disruption

    Credit card company Visa is experiencing a service disruption across Europe which is preventing transactions being processed. A Sainsbury's spokesperson commented: "We are aware that Visa are now experiencing problems".
    Reset internet routers to prevent Russian malware infections

    Reset internet routers to prevent Russian malware infections

    In addition, make sure to use a strong, unique password - in other words, ditch the default password that came with the router. Sofacy, which also goes by Fancy Bear or APT28, has alleged ties to the Russian government.
    Games for real money and security in online casinos

    Games for real money and security in online casinos

    Usually, there are some doubts about the safety of online casinos since there are plenty of cheaters in the network. Software used in the online casino belongs to individual companies and not an own developments of casino owners.
  • Off-tone Melania Trump tweet sparks serious concern for her welfare

    Off-tone Melania Trump tweet sparks serious concern for her welfare

    Now, after almost three weeks out of the public eye, people are wondering (and in some cases, worrying, ) about where she is. A few days later, reports stated that the first lady had returned to the White House following the operation.
    Trump insists Mexico will pay for border wall and ‘enjoy it’

    Trump insists Mexico will pay for border wall and ‘enjoy it’

    Donald Trump has the idea of building a wall between the United States and Mexican border, and he wants Mexico to pay for it. Democrats are "bad at everything, but they're good at sticking together" in Congress, Trump said as he campaigned for Rep.
    Hawaii officials order residents to flee homes amid lava fears

    Hawaii officials order residents to flee homes amid lava fears

    The lava flow has destroyed more than 80 structures, up from 50 earlier in the week and authorities expect that number to rise. Traditional Hawaiian beliefs say it depends on Pele, the volcano goddess who is said to reside in Kilauea.
  • Kim Yong Chol: N. Korean leader's hawkish right-hand man

    Kim Yong Chol: N. Korean leader's hawkish right-hand man

    Clinton eventually visited North Korea as a former president in 2009 to secure the freedom of two detained American journalists. Shortly afterward, however, the U.S. president said that he was still open to meeting with the North Korean leader.
    Headless skeleton of man trying to flee Mt. Vesuvius discovered

    Headless skeleton of man trying to flee Mt. Vesuvius discovered

    Two other horses' remains were found nearby, but they were less complete, National Geographic reports . Stunning photos released on Tuesday show the skeleton protruding from beneath a large block of stone.
    Android based VR Gaming Apps

    Android based VR Gaming Apps

    Cleanopolis VR This educational title is primarily for kids but it doesn't mean that people of all ages won't be able to enjoy it. House of Terror VR This game gives you the chance to explore a haunted house full of monsters, traps, and very hard puzzles.
popular