White House Imposes Tariffs on US Allies EU, Canada And Mexico

Its tougher stance comes as President Donald Trump prepares for a June 12 summit with North Korean leader Kim Jong Un whose key diplomatic backer is China

Those exemptions came soon after the President first imposed a 25% tariff on steel and a 10% tariff on aluminum imports in March.

US Commerce Secretary Wilbur Ross on Wednesday rejected calls to extend exemptions on the punishing import tariffs and warned that duties for massive US imports of automobiles were on the horizon.

The tariff exemptions for Canada, Mexico and the European Union expire on Friday.

More details to follow ...

Not even the US's closest allies can avoid getting caught in President Donald Trump's escalating trade battles.

For instance, the Beer Institute - an industry group that represents USA brewers - warned that aluminum tariffs would drive up prices of beer cans. He also said the administration is eager to stay at the negotiating table with all three countries. "You saw his reaction when China made a decision to retaliate".

US Treasury Secretary Steven Mnuchin is due to hold meetings with his European counterparts to discuss President Donald Trump's confrontational trade agenda, officials said.

Ross, meanwhile, said that he still plans to leave for China on Friday for the resumption of trade talks.




The UK government's spokesperson stated that Britain and other European Union countries are close allies of the United States and thus should be "permanently and fully exempted" from the USA metal tariffs.

While not confirming directly that the USA would decide to impose tariffs, he said: 'It's up to the European Union to decide if it wants to take retaliatory measures.

"We believe these tariffs aren't compatible with WTO rules", she said in Lisbon.

The European Commission, which coordinates trade policy for the 28 EU members, has said the bloc should be permanently exempted from the tariffs since it was not the cause of overcapacity in steel and aluminium.

The U.S. plan has raised the threat of retaliation from Europe and fears of a global trade war - a prospect that is already weighing on investor confidence and could hinder the global economic upturn.

"World trade is not a gunfight at the O.K. Corral", French Economy Minister Bruno Le Maire quipped Thursday, in reference to a 1957 western movie.

The EU has previously threatened to impose retaliatory tariffs on US orange juice, peanut butter and other goods in return for the USA moving forward with its tariff plans.

On Wednesday, the Trudeau government said it would take additional steps to prevent foreign steel and aluminum from being dumped into the North American market - news that appeared created to try to head off the tariff decision. We are ready to rebuild this multilateralism with our American friends'. European Union exports potentially subject to US duties are worth 6.4 billion euros ($7.5 billion).

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