Canada Retaliates With Tariffs on $12.8 Billion of U.S. Goods

US to slap tariffs on steel, aluminium from EU on Thursday

US to slap tariffs on steel, aluminium from EU on Thursday

Speaking during a television interview, Moises Kalach also said that Economy Secretary Ildefonso Guajardo has managed to pass a motion in the Senate stipulating that any unilateral protectionist measures imposed would be met with proportionate, reciprocal measures from Mexico.

Mexico said it would penalize US imports including pork bellies, apples, grapes, cheeses and flat steel.

Threatened tariffs on steel and aluminum imported to the US were implemented on Thursday, reports USA Today, effective at midnight.

Even if the United States were to agree to waive the tariffs on imported steel and aluminum, Malmstrom said, "I expect them nonetheless to want to impose some sort of cap on European Union exports".

But the White House also said the administration is still committed to "good-faith negotiations with our allies".

Ross told reporters that talks with Canada and Mexico over revising the North American Free Trade Agreement were "taking longer than we had hoped".

"Economic nationalism leads to war", Mr Macron said, adding he would talk to Mr Trump on the subject.

Back in March, Malmstrom said her tit-for-tat list included iconic U.S. products such as Levi jeans, bourbon, peanut butter, cranberries and orange juice.

"When it comes to unfairly traded steel and aluminum, Mexico, Canada, and Europe are not the problem - China is", said Kevin Brady, chairman of the House Ways and Means Committee.

The tariffs take effect on July 1 and will last until the US ends its move. But import taxes remain on steel and aluminum imports from Japan. European officials argue that tit-for-tat tariffs will hurt growth on both sides of the Atlantic and Canada said before the announcement that it would respond in kind.

Despite the EU's reticence to enter a trade war, Juncker said the decision could not go "without any kind of reaction".

"The UK Government must support EU safeguards to protect our industry and ensure more dumped steel does not end up on European shores".

But, speaking on CNBC, Mr Ross said any retaliatory measures against the United States would be "unlikely to have much effect" on the USA economy. She said the tariffs were in violation of the rules of the World Trade Organization (WTO).

Malmström added the EU's response will be "proportionate and in accordance with WTO rules", and the "US measures clearly go against agreed global rules".

French Finance Minister Bruno Le Maire termed the U.S. tariffs as "unjustified unjustifiable and dangerous".

"We look forward to continued negotiations, both with Canada and Mexico on the one hand, and with the European Commission on the other hand, because there are other issues that we also need to get resolved", he said.

Canadian and Mexican officials also threatened retaliatory responses but have as yet not indicated which US products they will target.

While not confirming directly that the USA would decide to impose tariffs, he said: "It's up to the European Union to decide if it wants to take retaliatory measures. They're critical for national security".

The tariffs will impact directly on Port Talbot as around 10% of Tata Steel Europe's exports go to the US. "Six billion dollars go into the USA from Canada and six billion goes from Canada to the U.S". Companies are likely to pass on their higher costs to consumers, experts say.

German magazine Wirtschaftswoche reported on Thursday that Trump had told French President Emmanuel Macron he wanted to stick to his trade policy long enough that Mercedes-Benz cars were no longer cruising through NY.

Macron further said, "These solutions might bring symbolic satisfaction in the short term...." You saw his reaction when China made a decision to retaliate.

"Trade unions across the world must stand together in opposition to these measures", he said.

"We will consider whatever actions they do take but our focus is as mentioned on national security aspects of steel and aluminum", he said.

Ross criticized the European Union for its tough negotiating position.

However, Economy Minister Peter Altmaier appeared with Le Maire in Paris on Wednesday, pledging a unified line.

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