Theresa May tells Trump she has ‘deep concern’ about tariffs plan

March 07 16:48 2018

Speaking with Trump on Monday, Prime Minister Justin Trudeau “registered his serious concern about the U.S. administration’s proposed tariffs on steel and aluminum“, according to the call readout from the Prime Minister’s Office. ‘When we’re behind on every single country, trade wars aren’t so bad, ‘ he added. If the U.S. can impose these tariffs on steel and aluminum on the basis of “national security”, someone else is sure to try for tariffs on food, or clothing, or various other products on the same basis. “It will be tariffs on steel for Canada and for Mexico“. We cannot lose our steel industry.

Economists are divided on the policy of tariffs applied to protect local products from cheaper imports.

President Donald Trump’s announcement that he’ll impose stiff tariffs on imported steel and aluminum has labor unions and liberal Democrats in the unusual position of applauding his approach.

The speaker is among the most outspoken GOP critics of Trump’s plan as Republicans rush to convince the president to reconsider before a final decision.

The early-session tone may have been helped by a report that Trump economic advisor Gary Cohn has invited corporations opposed to the tariffs to the White House on Thursday to make the strongest possible case against them.

It’s not quite clear exactly what Trump is referring to in his remarks.

We have large trade deficits with Mexico and Canada.

Löfven is the first European leader to visit the White House since Trump announced he would slap stiff new tariffs on steel and aluminum last week. “Not to mention construction”.

“We can put a tax of 25% on their cars and believe me they won’t be doing It for very long”, he said. “That the government should remain firm in its positions”, he said. Canada is the top exporter to the US, followed by Russia. When we’re down by USD 30 billion, USD 40 billion, USD 60 billion, USD 100 billion, the trade war hurts them. Canada would say, ‘National security exemption? As Goldman weighed in, BHP Billiton Ltd. delivered its own negative assessment, with the world’s biggest miner describing Trump’s move as a “black day for the world”. “There comes a point where you have to stand up for fair trade and do what’s right”.

Ryan spokeswoman AshLee Strong said in a statement, “We are extremely worried about the consequences of a trade war and are urging the White House to not advance with this plan”.

US Trade Representative Robert Lighthizer expressed dissatisfaction in a news conference, saying there was not as much progress as he had expected. Canada’s response needs to be highly targeted to maximize political impact, minimize the effect on Canada and reduce the risk of an all-out trade war.

But the US president also said America would levy tariffs in a “loving, loving way”.

But Trump left a little wiggle room on his tariff stance.

Donald Trump’s announcements last week drew a sharp reaction from America’s major trading partners including the European Union and Canada. The new import duty is said to be aimed at Chinese steel which is quite often dumped in the US market

Theresa May tells Trump she has ‘deep concern’ about tariffs plan
 
 
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