Why Trump's Tariffs May Push Europe Toward China and Russian Federation

Canadian PM Justin Trudeau Responds to Trump’s Steel Tariffs: ‘This is Insulting’

Canadian PM Justin Trudeau Responds to Trump’s Steel Tariffs: ‘This is Insulting’

Freeland is making the announcement alongside Prime Minister Justin Trudeau following word from the White House that the USA will slap tariffs on Canadian, Mexican and European Union steel and aluminium as of midnight tonight.

Speaking with Chuck Todd from Meet the Press in an excerpt from an exclusive interview airing in full on Sunday, Trudeau said that the imposition of tariffs was "insulting".

"Our soldiers who had fought and died together on the beaches of World War II and the mountains of Afghanistan, and have stood shoulder to shoulder in some of the most hard places in the world, that are always there for each other, somehow - this is insulting to them", Trudeau said.

Prime Minister Justin Trudeau says he will work with Canadian steel and aluminium companies hit by punishing USA tariffs to make sure jobs and workers north of the border are protected.

G7 governments were also digesting Trump's threats to impose tariffs on hundreds of billions of dollars in United States auto imports on purported national security grounds.

The president has repeatedly railed against China on trade during his presidential campaign and earlier this year exchanged multi-billion dollar tariff threats with the country.

But he said US Vice-President Mike Pence told him on Tuesday that as a precondition for that meeting, Trudeau would have to agree to a five-year sunset clause. The last four, all members of the European Union, were also targeted by Trump's tariffs. "But the point is we have to protect ourselves". In fact, during his recent state visit in Washington President Macron's allegedly offered cooperation on China only to be rebuffed by Trump who apparently views Europe as an equal, if not even worse, trade offender than Beijing. He described the USA tariffs as an insult to Canadians who have entered into a security partnership with the U-S. "Mr. Trudeau - I think he's overreacting".

Canadian Prime Minister Justin Trudeau has called the tariffs "totally unacceptable", but Mr. Navarro said US trade partners need to examine their own "unfair trade practices".

The country's economic minister, Peter Altmaier, said his country would stand with the European Union and even work "more closely" with Mexico and Canada, who were also hit by the trade war.

Altmaier told German TV on Friday, according to Reuters: "We tried to do it through negotiation and we will now do it by standing together and formulating a common European answer, possibly working more closely with Mexico and Canada".

The meeting of top economic policymakers was seen as a prelude to the trade disputes that will dominate the two-day G7 summit that begins on Friday in Quebec. Others say this is a protectionist approach, violates free trade and will ultimately lead to an all-out trade war.

No new agreements were announced, and China warned that it would ditch a previous pledge to buy more American goods if the Trump administration goes ahead with its plan to impose tariffs on $50 billion of Chinese exports later this month.

US apple growers are in a similar situation. He said he will be having a "frank conversation" with the president about the situation. So when you talk about tariffs and the vehicle industry I would say Germany was particularly concerned and the list goes on like that, and so there's a strong pressure for bilateral negotiations, and by the way, the Trump administration clearly has shown a preference for bilateral negotiations, and so they will readily accept that.

Japanese Finance Minister Taro Aso said that direct discussions between Prime Minister Shinzo Abe and Trump may help resolve the issue, though Japan has refused to accept import quotas. Mr Trump has also complained about barriers USA firms face in Europe and elsewhere.

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