Theresa May Condemns Trump’s Steel, Aluminium Tariff

Theresa May Condemns Trump’s Steel, Aluminium Tariff

The United States had sought use the tariff threat as cudgel to win concessions from Canada and Mexico in talks to renegotiate the North American Free Trade Agreement.

"I have argued for the European Union and the U.S. to engage in a positive transatlantic trade agenda, and for the European Union to be fully permanently and unconditionally exempted from these tariffs".

With the NAFTA talks seeming close to a possible breakthrough, Trudeau says he suggested to the USA president last Friday that they sit down with Mexico's Enrique Pena Nieto and talk about reaching a deal.

She criticized Trump's decision and pointed out that the tariffs have got nothing to do with national security.

The US has also gone to the WTO and launched a case over what it says is intellectual property theft, but the European Union said that although its case is similar, it identifies further potential violations of WTO rules. "Instead of imposing piecemeal tariffs on our trading partners, he should comprehensively and fundamentally re-write all of our failed unfettered trade policies to stop the race to the bottom and lift living standards in the US and throughout the world".

The united front was delivered from European Union's trade commissioner Cecilia Malmstrom who warned President Trump of retaliation. But Ross said there was "no longer a very precise date when they may be concluded", and that as a result, Canada and Mexico were added to the list of countries hit with tariffs.

Finance leaders of the closest USA allies vented anger over the Trump administration's metal import tariffs on Saturday, ending a three-day meeting with a stern rebuke of Washington and setting up a heated fight at a G7 summit next week in Quebec. "It is pure protectionism".

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In a statement the EU said European companies coming to China were forced to grant ownership or usage rights of their technology to domestic Chinese entities and did not have the ability to freely negotiate market-based terms in technology transfer agreements.

Perrin Beatty, president of the Canadian Chamber of Commerce and a former Mulroney cabinet minister at the time of the original Canada-U.S. free trade deal, expressed surprise at the sunset-clause tactic.

The response followed Washington's decision on Thursday to impose a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico. "Any government that embarks on a protectionist path inflicts the most damage on itself".

She dismissed the Trump administration's argument that the tariffs are needed for US national security reasons.

VW says "there are fears that this marks the start of a negative spiral of measures and countermeasures where there will ultimately be no winners". Macron pledged the riposte would be "firm" and "proportionate" and in line with World Trade Organization rules. Throughout these talks, the USA has sought to use the threat of trade restrictions as leverage to obtain concessions from the EU.

In the joint "chair's summary", they asked their counterpart, U.S. Treasury Secretary Steven Mnuchin, to "communicate their unanimous concern and disappointment" to his boss.

The European Union on Friday formally set in motion its trade retaliation against the USA tariffs, filing a request for consultations at the WTO, which oversees disputes on global trade.

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