Theresa May to press Trump at G7 to reverse metal tariffs

Canada Trudeau Fundraiser

Canada Trudeau Fundraiser

Canada, Mexico and the European Union were exempted from import duties of 25 per cent on steel and 10 per cent on aluminum when the tariffs were first imposed in March, but those exemptions were set to expire Friday.

Mr Mnuchin, regarded as one of the more moderate trade voices in Mr Trump's Cabinet, said the issue may need to be resolved by G-7 leaders at a summit this week in Charlevoix, Quebec, officials attending the meetings said.

"President Trump has been very clear in wanting to address trade issues", Mnuchin said.

The Prime Minister has previously slammed the "unjustified" and "disappointing" decision to impose the levies.

Speaking to BBC Radio 4's Today programme, Mr Fox said the United Kingdom was still seeking tariff exemptions based both on specific products and also geographic location.

He said: "We will be making that case throughout this week. But this is a very rare case where opposition against the United States was unanimous", Aso told reporters.

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Finance leaders of the United States' closest allies lashed out at Washington's tariffs on steel and aluminum as they ended a three-day meeting on Saturday.

Ministers "agreed that the global economy has strengthened since they met previous year in Bari and that the expansion is set to persist", said Morneau, while cautioning the trade dispute is introducing unnecessary risks.

G7 finance ministers clashed with their US counterpart over Washington's decision to hit their countries with steel and aluminum import tariffs, Canadian Finance Minister Bill Morneau said on Saturday.

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Allies, including Canada and the European Union, are threatening retaliatory tariffs in hope of forcing Trump to back down from his position.

"We believe in the G7, it's an important group", Mr Mnuchin said. "It is not every day that a Canadian head of government pointedly notes that he is dealing with a U.S. administration that is short on common sense" or "that a prime minister uses a news conference to dig in his heels in a trade negotiation", she noted.

"So it's not like the trade is imbalanced against the US favor on this one", Trudeau said.

"We have been attacked by those tariffs". We do not have any other choice but to respond.

But according to experts and economists, they will result in a net loss of American jobs.

Finance Minister Bill Morneau called Treasury Secretary Steven Mnuchin.

The lack of common ground meant the dispute would continue into next week's G7 summit in Quebec, Canada, where Trump is expected to face other heads of state as the global economy verges on outright trade conflict. "I think people understand that this (trade row) is not the Liberals' fault in any way", he said.

"Our steel and aluminium industries are hugely important to the United Kingdom, but they also contribute to USA industry including in defence projects which bolster U.S. national security".

On Saturday, a smiling Mr. Mnuchin played down the tension within the room and the tone of the G7's final message.

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