Macron tells Trump tariffs illegal and a mistake

Macron tells Trump tariffs illegal and a mistake

In the fiscal year that ended September 30, the USA government collected $34.6 billion in customs duties and fees.

MacKay added that besides North American Free Trade Agreement talks being "severely imperilled" now, the threat of more tariffs in the auto sector also loom.

He has also threatened tariffs on up to $150 billion in Chinese products to punish Beijing for pressuring USA companies to turn over technology in exchange for access to the Chinese market.

Foreign Affairs Minister Chrystia Freeland says Canada plans to levy tariff "countermeasures" of its own on up to $16.6 billion worth of imports of steel, aluminum and other products from the U.S. The official cautioned that the President could change his mind before an official announcement.

"The damage that would be caused by the absence of security and the uncertainty of future trends will definitely be greater than the damage caused by the imposing of steel and aluminium tariffs", Vitsur told BNS on Friday.

Trudeau sent a stronger than usual message as he alluded the near-trade war Canada and the United States are now embroiled in.

Trade war fears between the United States and its trading partners have been rife since March.

The U.S. has bypassed WTO procedures and imposed tariffs on imported steel and aluminium from Friday, hitting Canada, Mexico and the European Union, even though the steel and aluminium over-capacity stems mainly from China.

Malmstrom said that specific retaliatory measures would be submitted to the World Trade Organization by June 20.

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The EU will introduce swift counter-balancing measures to steel and aluminum tariffs imposed by the United States, according to the President of the European Commission Jean-Claude Juncker. "We will respond appropriately".

Canadian Prime Minister Justin Trudeau said Friday he was dumbfounded by Washington's national security basis for the tariffs, given that United States and Canadian troops had fought together in World War II, Afghanistan and elsewhere.

The EU - along with Canada and Mexico - are now receiving a temporary exemption which expires Friday.

But the NAFTA talks sputtered anyway, and the Trump administration imposed the tariffs at midnight Thursday. NAFTA negotiations are deadlocked over tough protectionist demands from the United States.

At the Group of Seven ministerial meeting in Canada, US Treasury Secretary Steven Mnuchin faced stern reactions from his counterparts, who accused Trump of jeopardizing the world economy with steps that would prove job killers for all concerned.

Trump has vowed to press ahead with tariffs on as much as $50 billion in imports from China. She spoke with him again later by telephone, but left the USA capital on Wednesday morning empty-handed. It is the top buyer of USA aluminum and the second-biggest buyer of US steel, Guajardo's ministry said.

No last-minute deal: Many officials in the European Union were banking on a last-minute breakthrough deal that would have either extended exemptions to the tariffs, which were first introduced for global steel and aluminum imports in late April, or introduced a permanent exclusion from the tariffs. "How do you sit at the centre of the global economy and behave this way?"

Trudeau was in Halifax to speak to the annual conference of the Federation of Canadian Municipalities.

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