Trade tariffs exemption only if new NAFTA signed, Trump warns Trudeau

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Peter Navarro, a strong free trade opponent, was brought on by Trump to serve as assistant to the president on trade and industrial policy and director of the White House National Trade Council.

Trump announced March 1 that the United States planned to impose 25 percent of tariff on steel imports and 10 percent for aluminum, as these imports threaten the U.S. national security, Xinhua reported.

In tweets earlier Monday, Trump also doubled down on his pledge to enact the new tariffs, saying any exemptions for border countries Canada and Mexico would be part of "new and fair" trade agreements. It's not just the US economy that will suffer: The tariffs would punish some of America's closest allies, including NAFTA partners and the EU. Massive relocation of companies & jobs.

Trump said that reducing the proposed tariffs with Mexico and Canada could come through a renegotiation of NAFTA, but that they would apply to both countries "100 percent".

He added, "Also, Canada must ... treat our farmers much better".

Once again, Canada and other nations hold their breath as they wait to see just how much unnecessary damage U.S. President Donald Trump is prepared to do in the name of so-called "winning". Millions of people addicted and dying, ” Trump alleged. Trump on Friday embraced that prospect, tweeting that "trade wars are good".

"We are not looking to get into trade wars", he said.

In his Twitter posts on Monday, Trump for the first time made explicitly clear that Canada and Mexico would not be exempted from these tariffs. When the 28-nation European Union said it would retaliate against US products, Trump threatened to increase tariffs on European cars.

"With this, the declaration of (a trade) war has arrived", said German politician Bernd Lange, who heads the trade committee at the European Parliament. "NAFTA has been a disaster for many years".

"The American's have come after Canada on softwood, paper, aerospace and now steel and aluminum", said Dias.

Late last week, Trump declared he would soon levy punitive steel and aluminum tariffs - 25 and 10 per cent respectively - against the rest of the world in a bid to protect American steel and aluminum producers from unfair competition.

Exports - which totaled $172 billion in 2017, 11 percent of the US total - are a big part of our economy.

Like nearly every broadside over trade war so far, his latest message was sent in a Twitter post with little explanation.

"No, we're not backing down", Trump told reporters following his Oval Office meeting with embattled Israeli leader Benjamin Netanyahu. China's National People's Congress spokesperson Zhang Yesui has already threatened to retaliate if the United States goes ahead with the proposed steel/aluminium tariffs.

Trump made it clear during his campaign that he was unhappy with USA trade deficits and planned to do something about them.

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