Marcha 23, 2018

Trudeau calls Trump to expresses 'serious concern' about proposed steel tariffs

12 Marcha 2018, 01:16 | Dolorita Barahona

President Trump says tariffs will come off if new NAFTA deal is signed

The Tiwai Aluminium Smelter front right near Bluff. While only a small fraction of New Zealand's aluminium exports

From Washington to Beijing, officials have warned that any such measures by the Trump administration could be met with retaliation. The president also suggested that Canada might get an exemption if it agrees to a "new and fair" NAFTA deal with the U.S.

During a news conference with his Swedish counterpart, Trump also promised his proposed tariffs on steel and aluminum will be applied in a "very loving way", declared the North Koreans were "sincere" in their renewed push for talks and insisted the United States would rebut Russian efforts to interfere in the 2018 congressional contests.

"I think the smarter way to go is to make it more surgical and more targeted" than broad tariffs, he said.

Rideau Potomac Strategy Group President Eric Miller expects Canada's lobbying efforts in the USA capitol will pay off when it comes to skirting tariffs on steel and aluminum. "We're going to build our steel industry back, we're going to build our aluminum industry back", he said Monday. He believes Trump's latest reference to the treatment of US farmers suggests he will resume his attacks on Canada's supply-managed dairy system. "Our worst, most egregious, example of that is the 270 per cent tariff on American dairy products coming into Canada". "I have no reason to think otherwise", Ross said on NBC's "Meet the Press".

The Dow climbed 336 points on Monday after House Speaker Paul Ryan and other top Republicans broke with the White House over President Trump's planned steel and aluminum tariffs. The White House had no comment.

"We are on the losing side of nearly all trade deals", Trump tweeted on Sunday.

Defenders of President Donald Trump's apparent decision to slap tariffs on imported steel and aluminum products have made several arguments for them.

There was always a chance that Trump "could amend his initial announcement" to take account of the concerns expressed about it, said a source familiar with the internal debate at the White House. "There are a lot of legal details that are being finalized".

Various U.S. auto industry organizations have issued statements opposing Trump's tariff move.

On Thursday, Trump unveiled plans for import duties on steel and aluminum of 25 percent and 10 percent respectively, saying the measure was meant to revive the industries in the US.

US Treasury Secretary Steven Mnuchin said The Trump Administration is not trying to provoke a global trade war with the steel and aluminum tariffs announced last week.

"This, at the same time, reminds us that the stimulus from the tax reform may be less than estimated, given certain hidden extra charges for the economic agents".

By using the tariffs as leverage in trade negotiations, Trump is undermining his defense that they're needed on national security grounds in the event countries file a legal challenge at the World Trade Organization, Republican political strategist Karl Rove told Fox Business on Tuesday.

At the conclusion of the seventh round of NAFTA talks in Mexico City the US side registered a renewed sense urgency to complete the talks before the presidential elections in Mexico in July and the Congressional midterm elections in the U.S.

In particular, he is relishing the attention he's getting from the labor community, which he courted with promises of a major infrastructure plan and tougher trade laws during his campaign.

The status of an undertaking by the United States that Australia's steel and aluminium exports would be spared from new tariffs is unclear.

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