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Author Topic: US imposed Tariffs on Steel and Aluminum from EU, Canada, Mexico  (Read 9204 times)

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Offline newspostng

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The United States is escalating trans-Atlantic and North American trade tensions, imposing a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the European Union, Canada and Mexico beginning on Friday.

The U.S. also negotiated quotas or volume limits on other countries, such as South Korea, Argentina, Australia and Brazil, instead of tariffs, Commerce Secretary Wilbur Ross also told reporters by telephone.

President Donald Trump has repeatedly said such measures are necessary to protect American jobs and industries in key manufacturing sectors.

“The president’s actions are about protecting American steel, American aluminum,” a White House spokesman, Raj Shah, said on Fox News. “They're critical for national security.”

But the negative reaction from some of America's most important strategic allies has been quick and fierce.

Canadian Prime Minister Justin Trudeau called the tariffs “totally unacceptable” and vowed retaliation.

"This decision is not only unlawful, but it is a mistake in many respects," said French President Emmanuel Macron, warning that "economic nationalism leads to war."

France’s finance minister, Bruno Le Maire, who met Ross earlier on Thursday, said the U.S. shouldn’t see global trade like the Wild West or Gunfight at the O.K. Corral.


 

 

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