Trade war: ‘Europe United’ as European Union and Mexico respond to U.S. tariffs

Donald Trump Emmanuel Macron Angela Merkel

Donald Trump Emmanuel Macron Angela Merkel

"This is protectionism, pure and simple", he said.

At time of writing Mexico had also announced tariffs on American pork bellies, grapes, apples and flat steel.

"Canada is a secure supplier of aluminum and steel to the USA defence industry, putting aluminum in American planes and steel in American tanks", Trudeau said. Gareth Stace, of manufacturer UK Steel, said: 'President Trump had already loaded the gun and we now know that the U.S. has unfortunately fired it, potentially starting a damaging trade war.

The Government Of Canada has said in the past that it would retaliate against the States if these tariff's were imposed on Canada.

In a sternly-worded statement, he added that the European Union would "not negotiate under threat". Ross is leaving Friday for Beijing for talks aimed at preventing a trade war with China.

The EU also vowed to retaliate against a list of US goods worth over $3 billion, including bourbon, orange juice, motorcycles and blue jeans. In terms of the NAFTA talks, the tariffs could hinder the negotiations among the North American neighbors.

EU trade commissioner Cecilia Malmstrom said it was a "bad day for world trade", while European Commission president Jean-Claude Juncker said the move was "totally unacceptable".

Brazil, Argentina and Australia have agreed to limit steel shipments to the exchange for being spared the tariffs, the Commerce Department said. Tariffs will remain on imports from Japan. He's said to be considering 25% tariffs on $176 billion yearly imports.

Former U.S. Ambassador to the U.N. Bill Richardson on the potential fallout from President Trump's steel and aluminum tariffs.

The tariffs, which have increased friction with United States trading partners worldwide and prompted several challenges before the World Trade Organization, are aimed at allowing the U.S. steel and aluminium industries to increase their capacity utilization rates above 80% for the first time in years. "We will respond appropriately".

On Thursday, EU Commission president Jean-Claude Juncker said the 28 EU member countries would challenge the tariffs and "impose their own balancing import duties on United States goods like Florida orange juice, and bourbon whiskey".

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German Chancellor Angela Merkel stressed her opposition even before the U.S. announcement, saying the looming tariffs were incompatible with WTO rules. U.S. Steel climbed 3%.

"This will only lead to the victory of those who want less growth, those who don't think we can develop our economies across the world". But it would be a great pity if we ended up in a tit-for-tat trade dispute with our closest allies'.

"This is not the way we do business, and certainly not between longstanding partners, friends and allies".

"Today is a bad day for world trade", said European Union trade commissioner Cecilia Malmström.

A Commerce Department investigation earlier this year determined a need to ensure adequate US steel production capacity to supply the military.

Turning to the WTO would give the European Union a second response to the tariffs.

The global response to the action was swift. Through the first three quarters of 2017, the US ran a relatively minor trade deficit with Canada of about a half-million metric tons, according to Department of Commerce data. Companies are likely to pass on their higher costs to consumers, experts say. The legality of that policy would once again rest on the president's authority to protect national security through unilateral trade actions (ostensibly, one can never be too sure that Angela Merkel isn't about to conquer the United States with a fleet of autonomous BMWs).

According to the Associated Press, French President Emmanuel Macron alluded to Trump's leadership style directly in slamming the pending tariffs in a Wednesday speech.

But Macron said those "who waged bilateral trade wars ... saw an increase in prices and an increase in unemployment".

"These tariffs are an affront to the long-standing security partnership between Canada and the United States, and in particular, an affront to the thousands of Canadians who have fought and died alongside their American brothers in arms", he said, noting the US national security justification for its measures.

Ross told a conference call with media this morning that he is looking forward to continuing negotiations.

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