Canada hits USA with billions in retaliatory tariffs in steel row

01 June, 2018, 16:20 | Author: Dustin Murphy
  • Jean-Claude Juncker was speaking in Strasbourg this morning

"These tariffs are totally unacceptable", said Prime Minister Justin Trudeau in response, before announcing Canada will retaliate with tariffs on the U.S.

The White House has opted to introduce high metal import tariffs for the European Union, triggering threats from the bloc that it will impose counter-measures.

What are tariffs? "Customs duties on merchandise imports are called tariffs", the World Trade Organization (WTO) says on its website.

Trudeau, meanwhile, says it's impossible to seriously believe that Canada could ever be a national-security threat to an ally as close and important as the United States.

Rather than forcing Canada and Mexico into concessions on Nafta, analysts say, the tariff move is likely to strengthen Canada's and Mexico's resolve to not back down on unconventional USA demands for Nafta, such as the elimination of worldwide panels to resolve trade disputes and a new clause under which the pact would expire if not explicitly renewed every five years.

A 25 per cent tariff on steel imports and 10 per cent tariff on aluminium imports will be imposed on the EU, Canada and Mexico starting at midnight local time, Mr Ross told reporters.

White House National Trade Council Director Peter Navarro discusses the significance of President Trump's steel and aluminum tariffs.

She added: "We have no intention to escalate this, the door for dialogue is always open.the ball is in (the US's) court". Tariffs are not a good thing.

The countermeasures Canada announced have been designed with the same pain-inflicting objectives, even if Canada's relative economic size means Canadian surcharges won't inflict the same level of absolute discomfort on the USA economy. The administration has argued that foreign production of steel and aluminum has driven down prices and hurt US producers, creating what the Commerce Department has called a national security threat.

Brazil, Argentina and Australia have agreed to limit steel shipments to the exchange for being spared the tariffs, the Commerce Department said.

Huge tariffs on imported steel and aluminium from Europe, Canada and Mexico have come into effect in the United States.

Ross, meanwhile, said that he still plans to leave for China on Friday for the resumption of trade talks.

That's quite possible: Commerce Secretary Wilbur Ross says talks are continuing, and constancy in policy hasn't been a feature of Trump's presidency. The retaliatory tariffs they've promised make no more sense in narrow economic terms than the US tariffs they're objecting to.

United States pork among products that will be affected by Mexican tariffs.

"This will only lead to the victory of those who want less growth, those who don't think we can develop our economies across the world", he said.

"It would have made much more sense to have a coordinated action from all the other countries that are being impacted - it's a whole lot harder for China to start a trade war with several economies and not just a bilateral relationship between the two", he continued.

The tariffs will hit products such as plated steel, slabs, coil, rolls of aluminium, tubes and raw materials that are used across manufacturing, construction and the oil sector in America. "This is a bad day for world trade", he said.

"We take the view that without a strong economy, you can not have strong national security", Ross told reporters.

The row has revived fears of a global trade war.

The WTO gives countries broad leeway to determine national security interests.

"The reason I can't export a lot of that product produced in the USA into Canada is because Canada has become a dumping ground for other foreign nations of the product I produce in the US ... primarily standard pipe which is pipe that's used in the basic plumbing of a building", Zekelman said. How many Chevrolets do you see in Germany?


  • The LeBron And Steph Curry Show Will Dominate The NBA Finals. Again

    Kevin Durant hits some deep twos with Trevor Ariza basically on him like a shadow and Stephen Curry scores 11 consecutive points. James, a 14-time All-Star and four-time MVP, nearly single-handedly carried Cleveland to the Finals.
    Nintendo Announces Pokemon For The Nintendo Switch; Complete With Pokemon Go Integration

    Nintendo Announces Pokemon For The Nintendo Switch; Complete With Pokemon Go Integration

    While there aren't any new details on the upcoming game, it does hint that more details on the game may be shared soon. According to the announcement, Pokemon: Let's Go will play on the Nintendo Switch like it does on the 3DS.
    LeBron James owns Terry Rozier with vicious chase-down block

    LeBron James owns Terry Rozier with vicious chase-down block

    The Cavs didn't miss Love much, after he banged heads with Tatum in the first quarter and was ruled out for the night at halftime. He also commented on his recovery routine and how it changes once the playoffs begin and the rest between games gets shorter.
  • Another American hostage comes home

    Another American hostage comes home

    Marco Rubio, R-Fla., a member of the Senate Foreign Relations Committee , tweeted he is "very happy for Josh Holt & his family". Utah man Joshua Holt and his wife Thamy have been in a Venezuelan prison since 2016 after being arrested for firearm offences.
    IOS 11.4 Adds Stereo Pairing to Air Play 2, HomePod Speaker

    IOS 11.4 Adds Stereo Pairing to Air Play 2, HomePod Speaker

    With this feature, your iMessages will be synced across your Mac and iOS devices so that your conversations are always up-to-date. The new version of iOS includes AirPlay 2 multi-room audio, support for HomePod stereo pairs, and Messages in iCloud.
    Expect busy roads, high gas prices this weekend

    Expect busy roads, high gas prices this weekend

    Jackson added that she'd like to go SC for the holiday, but gas prices are so high she sometimes has to choose between activities. If you're traveling this Memorial Day weekend, there are some things you can do to essentially get the most from your gas tank.
  • Trump to meet with Japan's Abe at White House on June 7

    Trump to meet with Japan's Abe at White House on June 7

    South Korean media earlier reported that Kim Yong-chol's name was on the passenger list for a fight Wednesday from Beijing to NY . Meanwhile, meetings are taking place, he said, in preparation of a summit between Trump and the communist dictator Kim Jong Un .
    Thousands evacuate as Alberto bears down on northern Gulf Coast

    Thousands evacuate as Alberto bears down on northern Gulf Coast

    Water could reach up to 4 feet above ground in some areas if the peak surge occurs during high tide, the agency said on Facebook . The storm had maximum sustained winds of 65 miles per hour (100 kph) as it approached the northern Gulf of Mexico.
    The Latest On Chris Paul’s Status For Game 7

    The Latest On Chris Paul’s Status For Game 7

    They're crossing fingers whenever Kevon Looney , Jordan Bell and/or Nick Young are pressed to play more than 15 minutes. Houston doesn't necessarily need Paul to win a Game 7 at home, but it's pretty tough to imagine them doing it.
  • Brussels in last-ditch attempt to avoid Trump's trade tariffs

    Brussels in last-ditch attempt to avoid Trump's trade tariffs

    Commerce Department told lawmakers it had reached a deal to put Chinese telecommunications firm ZTE Corp back in business. In mid-May, China agreed to increase purchases of U.S. agriculture and energy products, and last week, the U.S.
    Alberto helping bring potentially flooding rain to the Triangle on Memorial Day

    Alberto helping bring potentially flooding rain to the Triangle on Memorial Day

    A storm surge watch remains in effect for much of northern Florida, from the Suwannee to Navarre in the Panhandle. An Air Force hurricane hunter aircraft found stronger winds in Alberto of about 65 miles per hour Sunday night.
    'Bernie would make Hamilton to Ferrari happen'

    'Bernie would make Hamilton to Ferrari happen'

    He countered an earlier pit stop from Hamilton's Mercedes but on lap 29 reported a drop in power in his Red Bull Renault. A slightly longer than normal pit-stop and a mid-race flat-spot delayed him, but he kept it on the road to finish 14th.


Arsene Wenger is favourite to replace Zidane at Real Madrid
After doing three years, it's the right decision. "I will be close to this club for the rest of my life". All I want to do is remind him that this club is his home and family'.

Kim Kardashian visits White House
Indeed, Trump has called for getting tougher on drug dealers, including suggesting that some should receive the death penalty. Reality TV star Kim Kardashian Wednesday brought her quest for clemency for an imprisoned grandmother to the White House .

New Jersey Police Release Body Camera Footage of Violent Beach Arrest
Weinman pour the alcohol out, without issuing any violations and then he terminates the recording", said police in a news release. The officer then says, "You're about to get dropped". "I was partly wrong in a way but I was scared".

Only took one day to guarantee 1st-time French Open finalist
The fourth seed opened proceedings on Court Philippe Chatrier as he began his latest attempt to win a maiden grand slam. She previously beat Ostapenko both times they had faced off, before Ostapenko had risen in the rankings.

Catastrophic Flooding Hits Ellicott City, Maryland
At the height of the storm, the water had risen above the first floor of some buildings, Howard County emergency officials said. Some people in Ellicott City's historic downtown say they are determined to rebuild after Sunday's devastation.

Canada to Buy Kinder Morgan Pipeline for $3.5 Billion
NDP MP Nathan Cullen suggested Ottawa was prioritizing a pipeline over safe drinking water for Indigenous children on reserves. The federal Liberal government is spending $4.5 billion to buy Trans Mountain and all of Kinder Morgan Canada's core assets.

Service dog gives birth to puppies at Florida airport
A service dog went into labor and delivered eight puppies in the middle of a terminal at Tampa International Airport on Friday. The puppies, their parents, and humans missed the flight. "I have to go, the father is getting excited", she said.

Roland Garros 2018 | Three to See on Day 1
The world No 1 and a two-time finalist, unsurprisingly there is plenty of focus on Halep in the build-up to the French Open . Novak Djokovic and Andy Murray are in agreement: beating Rafael Nadal on a clay court is the biggest challenge in tennis.

Stetson University hosting NCAA baseball regional for first time
Catcher Cal Raleigh had a two-run double in the first inning, which helped him earn Most Valuable Player for the ACC tournament. The victor of the double-elimination regional earns a spot in the NCAA Super Regionals. "I'm not surprised.

Fulham back in Premier League with playoff win over Villa
Ryan Fredericks certainly seemed to let the occasion better of him when he stamped on Jack Grealish on the half-hour mark. This was no coincidental collision, Fredericks knew exactly what he was doing and a red card should have been given.