Home » World

Canada Responds To Tariffs

04 June, 2018, 00:20 | Author: Priscilla Morrison
  • Trump to impose steel, aluminium tariffs on EU - report

His opinion was echoed by French Finance Minister Bruno Le Maire who said that Mnuchin was alone on the tariff issue, with the group becoming a "G6 plus one" as the other six G7 members had expressed "total incomprehension" over Washington's move.

Earlier Thursday, Trudeau announced retaliatory tariffs in response to US duties on steel and aluminum made in Canada, Mexico and European Union nations.

Bill Morneau, the Canadian finance minister.

"I wouldn't mind seeing NAFTA where you'd go by a different name, where you make a separate deal with Canada and a separate deal with Mexico", Trump said Friday at the White House.

President Trump on Saturday said "UNFAIR" trade practices can "no longer be tolerated", noting the U.S.

Canada's retaliatory tariffs do not go into effect until July, which in theory leaves plenty of time for United States president Donald Trump to reconsider his position.

The EU is set to retaliate with tariffs on a range of USA goods, from Harley-Davidson (HOG.N) motorcycles to jeans and bourbon.

The Canadian tariffs, which foreign minister Chrystia Freeland said are proportional to the United States duties, will be applied to and aluminum as well as consumer products from July 1. The U.S., Canada and Mexico trade more than a trillion dollars in goods annually.




Aside from manufacturing, tariffs will likely affect the agriculture industry, as both China and Mexico listed tariffs on numerous food products.

These items include yogurt, coffee, sugar, toilet paper, sailboats, mattresses, washing machines and lawn mowers- all aimed at exerting pressure on key USA states that export a lot to Canada. "Do Timber & Lumber in USA?" he wrote.

RBC senior economist Nathan Janzen says the same forces could be at play with tariffs on steel and aluminum as a strong global economy and North American industrial sector could absorb prices that already increased when the first tariffs were imposed on several countries.

He said he had spoken with steel and aluminum producers, assuring them the federal government will help companies weather the sanctions. "But we need to respond".

The list of goods set to get hit by the Canadian tariffs varies from industrial steel to sleeping bags.

No last-minute deal: Many officials in the European Union were banking on a last-minute breakthrough deal that would have either extended exemptions to the tariffs, which were first introduced for global steel and aluminum imports in late April, or introduced a permanent exclusion from the tariffs. "The United State (sic) will agree to a fair deal, or there will be no deal at all".

"We absolutely do not rule out countermeasures", Fox said.

Canadian Prime Minister Justin Trudeau said months of intense negotiations between his country, the United States, and Mexico imploded on Tuesday when Vice President Mike Pence demanded that any deal expire automatically in five years.

Recommended:

  • Trump confirms North Korean official heading to US for summit talks

    Trump confirms North Korean official heading to US for summit talks

    Russian Federation said Wednesday that its foreign minister, Sergey Lavrov, will travel to North Korea for talks on Thursday. Trump took to Twitter on Tuesday morning to confirm that the official, Kim Yong Chol, was on his way to the US.

    USA trade tensions at fever pitch as steel deadline looms

    But Macron said those "who waged bilateral trade wars. saw an increase in prices and an increase in unemployment". The measures will be in place until the USA government eliminates its tariffs, the ministry said .
    Joshua Holt Freed, Expected to Arrive In D.C.

    Joshua Holt Freed, Expected to Arrive In D.C.

    Venezuelan officials released the Holts after high-level talks between President Nicolas Maduro and USA lawmakers. There the couple and their daughter, Marian Leal, reunited with his family in a tearful meeting at the airport.
  • New Leak Reveals Assassin's Creed Odyssey, Set In Ancient Greece

    New Leak Reveals Assassin's Creed Odyssey, Set In Ancient Greece

    The clip shows what seems to be a Spartan-looking character kicking another solider off a cliff; an homage to Frank Miller's 300. Three unnamed members close to the project, who have played early versions, say the game will bring dialogue options into play.
    Viral video shows police officer repeatedly punching woman on New Jersey beach

    Viral video shows police officer repeatedly punching woman on New Jersey beach

    After the camera is turned back on, Weinman is heard screaming as officers try to handcuff. Weinman said in a Facebook post she was approached for underage drinking.
    White House slaps 25% tariff on $50 billion worth of Chinese goods

    White House slaps 25% tariff on $50 billion worth of Chinese goods

    Specifics of the new limits will be announced by June 30 and will take effect "shortly thereafter", the White House said. The decision comes after top administration officials have tried to dampen fears of a trade war .
  • Gunmen Attacked An Afghan Compound Wearing US Army Uniforms

    Gunmen Attacked An Afghan Compound Wearing US Army Uniforms

    The Islamic State group claimed responsibility for the attack, but did not provide evidence for their claim. Officials said the fighting left one policeman dead and five others wounded.

    Visa debit cards not working in European-wide outage

    The company confirmed that it was suffering an outage and investigating the cause, The Guardian reported. By around 10pm Visa said service returned to normal saying the issue was a result of a hardware failure.

    Facebook to Drop Trending-Topics Feature

    In its announcement on Friday (June 1), Facebook said the section was driving only marginal traffic to news publishers. The company is also funding news videos, created exclusively for Facebook by publishers it would not yet name.
  • Canada Imposes Retaliatory Tariffs On US Imports

    Canada Imposes Retaliatory Tariffs On US Imports

    The move comes after the Trump administration failed to win trade concessions from the European Union ahead of a Friday deadline. The EU earlier threatened to counter punch by targeting U.S. products, including Kentucky bourbon, blue jeans and motorcycles .
    Sears' latest closings include Fox Valley store

    Sears' latest closings include Fox Valley store

    Sears said sales dropped 30 percent in the most recent quarter, leading to a loss of $424 million. The store at the Puente Hills Mall in the City of Industry is among the locations being closed.
    Stunner! Defending French Open champ Ostapenko out on Day 1

    Stunner! Defending French Open champ Ostapenko out on Day 1

    US Open champion Sloane Stephens was clearly in a hurry, dropping just two games in a 6-2 6-0 win over Arantxa Rus of Holland. Instead, the in-form Alexander Zverev, who is seeded second, will be the highest seed in action in the men's singles draw.


Popular

Indian security personnel crush Kashmiri youth under vehicle
This in the second case in less than a month of a protester being run over by a vehicle belonging to the security forcee. Ahmed's family said he had not been pelting stones and was heading home to the nearby Fatehkadal area on his motorbike.

Man, 30, sued by parents finally leaves home
Rotondo told CNN's sister network HLN he did not know why his parents have pushed for him to leave so quickly. A 30-year-old man has finally moved out of his parents' house after being ordered to by a judge.

How do you spell that word? The most-Googled by state
When asked at what point he knew he could spell the winning word " koinonia ", the Class 8 student told CNN , "When I heard it". Third place contestant, Abhijay Kodali, is also from Texas. "It's what I've been dreaming of for years now", Nemmani said.

Here's hoping thrilling Stanley Cup final goes distance — TRAIKOS
Capitals forward Evgeny Kuznetsov was injured on a first period hit by Brayden McNabb and didn't return to the game. Guess your first appearance in the Cup Final in 20 years will lead to that, but whatever, Becky.

Bill Simmons Joins WFAN To Give NBA Finals Prediction
I'm going to assume that the Cavs stay with their "big" lineup to kick off the series , even if Kevin Love returns for Game 1 . I think he has the ability to make shots, to make timely shots, to make deep shots and to make momentum changing shots.

Kardashian West Visits White House Seeking Freedom For A Grandmother Serving Life
Kardashian West Wednesday night thanked the president for his time and reiterated she hopes he will grant clemency to Johnson. Before she meets with the president, Vanity Fair reports that Kardashian will sit will Kushner to discuss prison reform .

Roman Abramovich remains fully committed to Chelsea despite stadium plans stalling
On Thursday, there were also reports that Chelsea had terminated contract talks with goalkeeper Thibaut Courtois. But it is understood that Abramovich's decision will have no impact on the running of the football team.

Trump to pardon controversial Indian American pundit Dinesh D’Souza
The Election Act, however, had already limited campaign contributions to $5,000 from any individual to a candidate in 2012. D'Souza is a prominent conservative filmmaker who was convicted on the illegal campaign contributions in 2014.

France offers citizenship to Malian immigrant who scaled building to save child
Walking on the street, he saw a crowd gathered below a building, screaming and gesturing upward on the rue Marx-Dormoy. Gassama told Hidalgo by phone on Sunday that he arrived from Mali a few months ago and wished to stay in France.

Yankees fans booed the hell out of Rudy Giuliani on his birthday
The rough treatment is likely related to Rudy Giuliani's new role as the attack dog for Donald Trump . Giuliani served as mayor from January 1994 to December 2001.