Trudeau declines to meet Trump because of United States precondition

Saul Bowman
June 4, 2018

"The idea that we are somehow a national security threat to the United States is quite frankly insulting and unacceptable".

"These unilateral tariffs, imposed under a false pretext of safeguarding U.S. national security, are inconsistent with the United States' worldwide trade obligations and WTO rules", Freeland said in a statement issued yesterday.

The White House announced last week that Canada, Mexico and the European Union nations would face a stiff 25 percent tariff on imported steel and a 10 percent tariff on imported aluminum.

Canada has responded by imposing dollar-for-dollar tariff "countermeasures" on up to $16.6 billion worth of USA imports.

Mnuchin's remarks came moments after Canadian, German and French ministers denounced US President Donald Trump's decision to impose punishing steel and aluminum tariffs this week, describing frustration with a perceived attack on longstanding allies.

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 United States Chamber of Commerce Building stands at the northeast corner of H and 17th streets NW in Washington, D.C.

While there may be Canadian-made alternatives, these tariffs will "inflict pain" on domestic firms as some inputs or unique products can not easily be switched or replaced, said Dan Kelly, the chief executive of the Canadian Federation of Independent Business.

President Donald Trump says Canada has mistreated US farmers on trade and officials there "must open their markets and take down their trade barriers!"

"What the United States is going to say is that there is a provision in the [World Trade Organisation] that says, 'Yes, you can break your tariff commitments, you can discriminate if you fall under the terms of this security exception, ' " she says.

Describing the North America Free Trade Agreement (NAFTA) as a awful deal for the United States, Trump said people were starting to see it.

While both the U.S. and China reported some progress in discussions this weekend about how to reduce China's $375 billion goods-trade surplus with the U.S., Trump's revival last week of a plan to slap tariffs on $50 billion of Chinese imports has cast the talks into turmoil.

Trudeau will host the G-7 summit of world leaders in Quebec later this week.

"We're concerned that these actions are actually not conducive to helping our economy, they actually are destructive, and that is consistently held across the six countries that expressed their point of view to Secretary Mnuchin", Canadian Finance Minister Bill Morneau said at a news conference after the meeting ended in the Canadian mountain resort town of Whistler, British Columbia. "Recent signs of protectionism from the USA are a risk to the forecast, raising the possibility of a global trade war", the IEA said in March, when Trump originally proposed tariffs.

She says "the US, EU and United Kingdom are close allies and have always promoted values of open and fair trade across the world".

The G-7 finance leaders agreed that the global economy is strengthening and that the expansion is likely to continue, though there are risks such as potential vulnerability in emerging market economies, which have seen their currencies sharply depreciate as a knock-on effect of interest rate hikes by the U.S. Federal Reserve. He said Trudeau was "overreacting" to the new tariffs. "So it's not like trade is imbalanced against the United States favour on us". General Motors was the in the 2017 while Ford was number three.

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