Here’s how Canada and Mexico plan to retaliate against the U.S.

President Donald Trump says Canada has mistreated USA farmers on trade and officials there “must open their markets and take down their trade barriers!” The United Kingdom also said it was “deeply disappointed” by the US’ decision.

‘And other countries understand, you know, when I talk to them they look at me – and this is in closed doors, not for you people, and they essentially say, ‘We can’t believe we’ve gotten away with this for so long.’ It’s like you guys can’t believe you’ve gotten away with it for so long, ‘ the president said.

The prime minister said the UK’s steel and aluminium industries were “hugely important” to it.

Mr Fox said: “It’s very disappointing that the United States has chosen to apply steel and aluminium tariffs”.

Trump this week enacted his administration’s most severe economic penalties against USA allies to date, establishing tariffs on steel and aluminum imports from Canada, Mexico and the European Union.

The official spoke only on condition of anonymity, in line with the group’s rules.

The two sides will discuss the matter and try to reach a deal.

The EU’s planned retaliatory measures, meanwhile, are created to do maximum harm to US prestige and economic interests, with them threatening to hit $3.5 billion of goods, including iconic products such as blue jeans, motorcycles, and bourbon whiskey, as well as agriculture.

Announced in March and predominantly aimed at China, the EU, Mexico and Canada were expected to be granted relief while negotiations continued.

Bruno Le Maire, France’s economy and finance minister, said he wanted to avoid a G7 trade war – but added they had “no choice” but to respond to the “attack”. The United States on Thursday chose to let those exemptions lapse.

The July 1 deadline for Canadian tariffs to take effect provides a window for Canada and the U.S.to still broker a deal, perhaps in the framework of a NAFTA agreement.

The EU, Canada and Mexico learned yesterday that they will not be exempted from the decision of US President Donald Trump to slap tariffs of up to 25 per cent on metal imports.

French Finance Minister Bruno Le Maire demanded a “permanent and total exemption” from the tariffs and said the European Union counties would respond with their own measures.

The U.S., Canada and Mexico have been holding talks to renegotiate the deal.

The request for consultations formally initiates a dispute in the WTO.

Mexico has also announced retaliatory tariffs in response to the White House decision, and the European Union said it will likely make a similar announcement this month. “So now this door for the moment is closed”.

The administration is taking the action under a relatively obscure US trade law meant to protect national security.

“It’s unfortunate because the motivation behind this, the Section 232 that the Americans are using – internal security – is not relevant. It is pure protectionism”, she said.

“This last month we’ve had two ideal examples and it’s coming from our closest ally of everybody in the world – the US”.

The spokesperson said the government stands by its analysis that the total value of the goods subject to tariffs is 16.6 billion Canadian dollars.