US trade tariffs: May disappointed at 'unjustified' move

US trade tariffs: May disappointed at 'unjustified' move

Last week, The Trump administration announced an investigation into whether automobile imports are hurting USA national security, laying the groundwork for another trade fight.

Trump's decision could raise prices for Americans on a range of everyday products.

Canada and Mexico also rejected the Trump administration's suggestion of linking tariff relief to the outcome of ongoing talks to revamp Nafta.

"The government of Canada is confident that shared values, geography and common interests will ultimately overcome protectionism", Trudeau said.

"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. "That United States has been taken advantage of for many decades on trade".

Canada has responded to the steel and aluminum tariffs with $16.6 billion in planned countermeasures, which includes surtaxes aimed to hit major industries in some high-profile Republican districts, such as gherkins from Republican House Speaker Paul Ryan's Wisconsin stomping ground, and whiskies from Senate Majority Leader Mitch McConnell's home state of Kentucky.

The threat of a full-scale trade war loomed between the transatlantic partners after US President Donald Trump signed a proclamation removing an exemption from metal tariffs of the European Union, Mexico and Canada as of June 1. "Do Timber & Lumber in USA?"

The Canadian tariffs will be 25 percent on steel and 10 percent on aluminum, and aim to match USA penalties on a dollar-for-dollar basis based on export values, according to Foreign Affairs Minister Chrystia Freeland.

European Union officials say the total value of goods targeted is a dollar for dollar response to USA tariffs.

The administration has argued that foreign production of steel and aluminium has driven down prices and hurt USA producers, creating what the Commerce Department has called a national security threat.

Prime Minister of Canada Justin Trudeau slammed the tariffs as an "affront" to a longstanding relationship between the US and Canada during a press conference.

Beatty states that Canada should be viewed as an ally, supplier to and customer of the United States.

The still renegotiating the North American Free Trade Agreement (NAFTA) with Mexico and Canada. Mexico was the third largest, behind South Korea.

"We continue to be quite willing and indeed eager to have further discussions", Mr Ross said. European Union exports potentially subject to USA duties are worth 6.4 billion euros.

Industry experts have warned that EU retaliation could encourage the Trump administration to strike back with more trade barriers on items like European cars. Last year, Bay State businesses exported almost $3 billion in goods to Canada and another $2.5 billion to Mexico.

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