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Trump Takes To Twitter To Slam Canada's Softwood Lumber Sector

Trump Takes To Twitter To Slam Canada's Softwood Lumber Sector

British Prime Minister Theresa May says the US decision to impose tariffs on European Union steel and aluminum is "unjustified", and European nations should be permanently exempted.

The United States on Thursday said it was moving ahead to impose tariffs of 25 percent on steel imports and 10 percent on aluminum imports from the EU, Canada and Mexico, ending months of uncertainty about potential exemptions.

Canada's minister of foreign affairs, Chrystia Freeland, said her country would place tariffs on up to 16 billion Canadian dollars ($12.4 billion) worth of American goods, including steel and aluminum.

On Thursday, Washington slapped its allies with import tariffs on steel and aluminum, after it failed to win concessions from its trading partners. Trudeau said the tariffs were not created to hurt the American people, but rather defend Canada's interests and send a message to the Trump administration.

Trump responded to the Canadian tariffs on up to $16.6 billion worth of USA imports, saying the days of the US being taken advantage of in trade deals "are over".

The president initially introduced tariffs on steel and aluminum in March but carved out an exception for Canada and Mexico during North American Free Trade Agreement (NAFTA) negotiations.

"Canada has treated our Agricultural business and Farmers very poorly for a very long period of time". "Highly restrictive on Trade!" They must open their markets and take down their trade barriers!

Freeland noted that the United States has a US$2 billion trade surplus with Canada in steel, and that "roughly half" of all U.S. steel exports go to Canada.

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

"We believe in the G7... and I'm sure the President looks forward to coming to Canada and meeting all the other leaders with many, many important issues going on throughout the world".

Trudeau was in Halifax to speak to the annual conference of the Federation of Canadian Municipalities.

US businesses and trade associations quickly warned against the effect the new tariffs could have on the economy and consumers. "Because you're talking about a very different two countries", Trump told reporters at the White House yesterday.

Mexico's ministry of economy pledged to impose equivalent measures, and included a partial list of USA goods that would face tariffs, including pork bellies, cheese, and produce such as grapes and apples.

The Canadian-born billionaire wants Trudeau to agree to a USA demand for a five-year sunset clause on NAFTA. Speaking after the meeting, Le Maire said the European Union was poised to take counter-measures against the new USA tariffs. And he's repeatedly threatened to withdraw from the trade agreement unless a "fair" deal can be reached.

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

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