Justin Trudeau Just Slammed “Insulting and Unacceptable” Trump Trade Behavior

The US President’s tweets came after six countries – Canada, France, Germany, Italy, Japan and the United Kingdom on Friday condemned and expressed disappointment over Trump’s move to impose heavy trade tariffs on three of its biggest trading partners – Canada, Mexico and the European Union (EU) earlier this week, CNN reported.

Prime Minister Justin Trudeau told a news conference the USA tariffs were “totally unacceptable”.

The US has renewed a threat to hike tariffs on $50 billion (£37 billion) of Chinese high-tech goods in response to American complaints Beijing steals or pressures foreign companies to hand over technology.

Foreign Affairs Minister Chrystia Freeland said Thursday that the products subject to tariffs were carefully chosen to limit the impact on Canadian producers and consumers.

Morneau, speaking at the end of the Group of Seven ministerial meeting, said that the finance ministers and central bank governors were unanimously opposed at the harsh U.S. steel and aluminum tariffs imposed by the Trump administration. Trump said on Friday he might prefer to end NAFTA in favor of two bilateral agreements with the two USA neighbors.

Mexico, Canada, EU and China announced they will retaliate against the United States with tariffs of their own.

The source said the federal government’s list of retaliatory tariffs is made up of items that could be easily replaced by domestic suppliers or other countries – and is also created to target US states that will make the most noise in Congress.

Overall, Yerxa said, the kind of protectionism being touted by the Trump administration – promoted as a way to “put America first” and save American jobs – is doomed to fail.

But White House economic adviser Larry Kudlow said the Canadian leader is “overreacting” to the tariffs.

Speaking to reporters, Mnuchin said that global economic leadership remains one of President Trump’s goals, adding that national security was also of importance to the U.S. But the security aspect is what many of other leaders see as problematic.

The United States had sought to use the tariff threat as a cudgel to win concessions from Canada and Mexico in talks to renegotiate NAFTA, offering the two USA neighbors a permanent exemption if they agreed to US demands.

Rep. Peter King (R-N.Y.) discusses President Trump’s meeting with North Korean official Kim Yong Chol and how the president’s tariffs could spark a trade war. “We lose over Dollars 100 billion a year with Mexico”.

“On the other hand, Mexico also plans to slap strict trade tariffs on United States products such as pork, flat steel, fruit, cheese and lamps”.

Mnuchin rejected comments from some G7 officials that the United States was circumventing worldwide trade rules with the tariffs or ceding global economic leadership. “Do Timber & Lumber in USA?” “I don’t think we’re satisfied yet that they will protect or uphold all the shipments of steel coming into Canada from all around the world …”

“The United States has been taken advantage of for many decades on trade”.

“Last year was an extraordinary year for Arkansas exports to NAFTA countries”, Torres said.

Trudeau on Thursday said he was prepared to travel to Washington to try to finalize a rework of NAFTA, but Pence, in a phone call, said a meeting would occur only if the “sunset” provision was agreed to in advance.