Canada files WTO challenge of U.S. tariffs, to work with EU

President Donald Trump during a bill signing ceremony at the South Court Auditorium of the Eisenhower Executive Building in Washington

President Donald Trump during a bill signing ceremony at the South Court Auditorium of the Eisenhower Executive Building in Washington

On Friday, Canadian Prime Minister Justin Trudeau slammed President Donald Trump for his announcement that he planned to impose tariffs on Canadian steel and aluminum effective June 1.

"We take the view that without a strong economy, you can not have strong national security", Ross told reporters. Macron pledged the riposte would be "firm" and "proportionate" and in line with World Trade Organization rules. A handful of other USA trading partners, including South Korea, Australia, Argentina and Brazil, previously won permanent exemptions by agreeing to quotas on their exports. "There is no longer a very precise date when they may be concluded" so they were added to the tariff list, he said.

In a trade war it can be hard to tell friends from enemies. "This is exactly what happened in the 1930s (prior to World War II)".

The tariffs have put serious doubts on whether Canada, the US and Mexico can bring the current NAFTA talks to a successful close.

All taxes on imports harm American consumers, workers, and businesses. Stock prices slumped amid fears of a trade war, with the Dow Jones industrial average falling almost 252 points, or 1 percent, to 24,415.84.

The Mexican government, already at loggerheads with Trump over immigration and the border wall, said it would levy import taxes on United States exports of pork bellies, blueberries, apples, grapes, certain cheeses, and various types of steel.

Prime Minister Justin Trudeau pledged Friday to work with Canadian companies hit by punishing USA tariffs to protect jobs and workers north of the border, but offered no details about what that might mean as the bilateral trade war continued to escalate. European Union exports potentially subject to United States duties are worth 6.4 billion euros. "Canada is a secure supplier of aluminum and steel to the United States defense industry, putting aluminum in American planes and steel in American tanks".

He said: "It's very disappointing that the United States has chosen to apply steel and aluminium tariffs to countries across the European Union, allies of the United States, and all in the name of national security".

The Trump administration imposed the duties on imports from most other USA trading partners earlier this year to stem a flood of cheap steel and aluminum into the country.

EU members have given broad support to a European Commission plan to set duties on 2.8 billion euros ($A4.3.billion) of U.S. exports if Washington ends the tariff exemption.

"This is protectionism, pure and simple", European Commission President Jean-Claude Juncker said in a statement.

This includes "motorcycles. of a cylinder capacity above 800 cc", - targeting Harley-Davidson, which assembles in Wisconsin, the home state of House Speaker Paul Ryan, as well as bourbon whiskey, aimed at Senate Majority Leader Mitch McConnell from Kentucky.

"In the coming weeks we're actually going to see hardship happening on both sides, well, particularly on the American side of the border", said Trudeau, who was in Halifax to speak to the annual conference of the Federation of Canadian Municipalities. Many prominent Republicans have criticized the administration's aggressive use of that justification, saying its trade actions will hurt the USA economy.

The world's two biggest economies have threatened to impose tariffs on up to $200 billion worth of each other's products.

President Donald Trump said Friday he "wouldn't mind" pursuing separate trade deals with Canada and Mexico in lieu of the North America Free Trade Agreement.

'We're talking about NAFTA.

The Trump administration has demanded that Beijing make concessions and threatened to punish it for allegedly stealing USA technology by imposing tariffs on $50bn worth of imports from China.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.