US justification of steel tariffs is 'grotesque' - German steel body

US justification of steel tariffs is 'grotesque' - German steel body

Economy Minister Ildefonso Guajardo said the tit-for-tat measures would complicate talks between the United States, Canada and Mexico to revamp the North American Free Trade Agreement (NAFTA) that underpins trade between the neighbors.

"With these tariffs, it's going to make the product too expensive for the consumers in Mexico and in Canada and in the EU", Colombini said.

25 percent tariffs will be imposed on imported steel and 10 percent on imported aluminium, as told by Commerce Secretary Wilbur Ross in a press conference on Thursday.

The federal government announced Thursday afternoon that it would impose some $16.6 billion in dollar-for-dollar counter-tariffs on a wide variety of United States goods - everything from whiskey to sleeping bags to quiche - that will take effect on Canada Day.

One source close to the NAFTA negotiations said Ms. Freeland informed Mr. Lighthizer that ending Canada's exemption on steel and aluminum tariffs would be a clear signal that the Americans are not that interested in reaching a NAFTA deal.

Regarding the dispute with the United States, the EU says in a document submitted to the WTO that USA tariff measures "adversely affect exports of these goods from the European Union to the U.S.".

Europe did not want a trade war, he said, but Washington had to back down from "unjustified, unjustifiable and unsafe tariffs".

Canada has crafted a retaliation plan that would involve US steel and aluminum and other politically sensitive products, sources briefed on Ottawa's strategy said.

"In light of the mounting evidence that these tariffs will harm Americans, I will continue to push the administration to change course", he said in a statement.

US, North Korea to hold second day of nuclear talks
The US wants complete denuclearization of the Korean peninsula, and Trump said that Kim is committed to that goal, too . In the meeting, Lavrov invited Kim Jong Un to visit Russia and meet with the Russian President Vladimir Putin.

The bloc also opened proceedings against China, the world's second-biggest economy, in a case involving intellectual property, in an effort to not single out the United States, the European Union said.

The EU, for example, puts 10 per cent on auto imports, compared to 2.5 per cent charged by the U.S. The measures will be in place until the US government drops its tariffs, Mexico's government said.

The same is true for Paul Ryan, the Republican Speaker of the U.S. House of Representatives.

The tariffs, set to take effect at midnight, happened to coincide with the Cansec trade show, in which numerous world's largest defence companies descend on Ottawa each year to pitch their wares to government.

She said: "We are not seeking to escalate any situation but we need to respond and we'll do so in a measured manner, but not responding would be the same as accepting these tariffs which we consider are illegal". He said he planned to travel to China on Friday for trade talks between the world's two biggest economies.

Yesterday, however, Trump announced that those exemptions were not being extended, and his decision immediately drew furious responses from Canadian President Justin Trudeau, German Chancellor Angela Merkel and French President Emmanuel Macron.

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

The government would be examining the impacts of the tariffs on all sectors, including the defence industry, and the best way to support them, he added.

"Global trade is not a 'Gunfight At OK Corral, '" Maire said.

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