Trump slaps steel, aluminum tariffs on EU, Canada and Mexico

Trump slaps steel, aluminum tariffs on EU, Canada and Mexico

Trump slaps steel, aluminum tariffs on EU, Canada and Mexico

The tariffs were originally announced on March 1 when President Donald Trump said that the United States was being treated unfairly.

The decision will inflame relations with the EU, Canada and Mexico.

More details to follow ...

Macron also proposed to start negotiations between the USA, the EU, China and Japan to reshape the World Trade Organization to better regulate trade.

"By people representing us who didn't have a clue".

EU Commission spokesman Margaritis Schinas said Thursday the European side is "ready to deal with any kind of scenario, and to defend the EU interests and worldwide trade law".

Thursday's action also is expected to complicate US efforts to confront China over a range of trade practices that the administration regards as unfair.

Friday's deadline for exemptions also affects Mexico and Canada, which are in negotiations with the United States on the North American Free Trade Agreement that Trump has said he wants to revamp, or abandon if the talks fail.

European officials had braced for the tariffs and the EU has threatened to retaliate against US orange juice, peanut butter and other goods in return. The two sources briefed on the matter said the announcement was planned for the morning in Washington but that the timing could still change.

The move, which President Trump has threatened for months, is likely to provoke retaliation from the European Union, which has pledged to counter with tariffs on American staples including Harley-Davidson motorcycles, Levi's jeans and bourbon whiskey.

While not confirming directly that the USA would decide to impose tariffs, he said: 'It's up to the European Union to decide if it wants to take retaliatory measures.

"We want to be exempt from these tariffs" which were "not compatible" with World Trade Organization (WTO) rules, Merkel told a press conference with Portuguese premier Antonio Costa in Lisbon. There are plenty of tariffs the European Union has on us.

Europe did not want a trade war, he said, but Washington had to back down from "unjustified, unjustifiable and risky tariffs".

He also expected NAFTA negotiations to continue despite the new barriers slapped on the U.S.'s neighbors to the north and south, and pointed to the fact that negotiations continue with China despite the barriers slapped on them previously by the united states. We are ready to rebuild this multilateralism with our American friends'. Canada is also considering imposing levies on high-profile USA -made consumer goods and luxury items, with the goal of hurting the United States in a visible way without damaging Canada's economy by restricting necessary imports.

Related news

[an error occurred while processing the directive]