Tuesday, 21 August, 2018

Mexico Imposes Tariffs On $3bn US Exports

Dairy cows. THE CANADIAN PRESS  Jonathan Hayward THE CANADIAN PRESS Jonathan Hayward
Andrew Cummings | 08 June, 2018, 08:35

During the call in May, sources told CNN that Trudeau asked Trump how he could justify national security as a reason for placing tariffs on Canadian steel and aluminum.

Macron said the message of other G7 leaders to Trump on the Iran deal should be: "You're not comfortable with an agreement signed by your predecessor, maybe just because it was signed by your predecessor, but don't stop others from respecting it and don't push Iran to leave, because today it's the best protection we have".

The G7 - or group of seven - comprises the largest advanced economies in the world: the UK, US, Canada, France, Germany, Japan and Italy. Even if that impasse is overcome, the USA also wants a sunset clause that would see the deal renegotiated every five years, something both Canada and Mexico have balked at because they believe it would create an uncertain investment climate.

In April, Trudeau praised the United States, Canada and Mexico for handling the NAFTA in a significant manner.

British troops, not Canadian forces, marched on Washington, DC, in 1814 and set fire to the White House.

Many locals say people in the region, where several generations of families have worked in aluminum production, are anxious the uncertainty caused by the tariffs could eventually lead to job losses - on both sides of the border.

"Canada is a different country than Mexico-they have different problems, and you know, he's believed that bilaterals have always been better", Kudlow said.

While the G7 leaders have largely praised Trump for his efforts to stabilize the Korean peninsula, they are unhappy he pulled out of an agreement created to limit Iran's nuclear ambitions. "This is a unsafe course and should be abandoned immediately", Corker said in the statement.

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Curry snubbed Trump last September, noting having golfed with former President Barack Obama and adding, "I'm pretty sure I won't get a tee-time invite during this regime".

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Trump showed no sign of backing down on Thursday, first taking to Twitter to accuse both France and Canada of imposing massive tariffs on USA goods and then accusing Trudeau of "being so indignant".

"The United States must, at long last, be treated fairly on trade", the President tweeted on Saturday.

He also refused to discuss what media reports are describing as a tense phone call recently between Trump and Trudeau. Although the Trump administration action aids the US metal sector, the tariffs have prompted trade retaliation that hits other USA business areas, including some that are part of Trump's political base. "Since Trump is also threatening the EU with tariffs on imported cars, he might be willing to bargain those away too for more European defense spending".

Canada, Mexico and the United States have been holding talks on the two-decade old NAFTA since last August, negotiations spurred by US President Donald Trump's criticisms of the deal which he said was bad for his country.

Trump, citing national security concerns, has slapped stiff tariffs on Canada and the European Union, prompting retaliatory levies and setting off a trade war that leaders say ultimately will hurt businesses, workers and consumers around the globe.

To date, there has been no official public statement from Trudeau.

If you went to a Canadian high school, you probably remember being taught about that one time the US and Canada were on opposite sides of an global conflict in 1812.

Mr Trump is also arriving late and reportedly planning on leaving early from the meeting in Quebec making it clear he has prioritised his summit with North Korea in Singapore.

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