Theresa May expresses disappointment over 'unjustified' United States tariffs

The Trump administration announced Thursday that it will impose tariffs on steel and aluminum imports from Europe Mexico and Canada. Trud

US Commerce Secretary Wilbur Ross said Thursday that Washington would not extend tariff exemptions for Mexico and Canada because the current NAFTA talks were "taking longer than we had hoped".

In an op-ed for CNN, Sachs, who runs Columbia University's Center for Sustainable Development, blasted Trump's decision this week to implement stiff tariffs on steel and aluminum imports, a move that angered top US allies including Canada, Mexico and the European Union (EU).

The United States faced unified opposition from the world's top economies to President Donald Trump's escalating, multi-front trade offensive at the end of high-level meetings soured by the imposition of tariffs. The measures were announced earlier in the year, but the United States's neighbors and the European Union - all vital diplomatic partners - had been granted temporary waivers as negotiators sought a compromise that would reduce import levels and allay the White House's grievances over trade deficits.

Trade Commissioner Cecilia Malmstrom added that the US, through months of negotiations, threatened steep tariffs in order to obtain trade concessions from the EU.

Besides the US steel and aluminum tariffs, the Trump administration is also investigating possible limits on foreign cars in the name of national security.

The U.S. Treasury chief said he has already relayed some of the G-7 comments to Trump and added that the U.S. president would address trade issues with other G-7 leaders, but declined to speculate on any outcomes.

The White House announced negotiations with Mexico, Canada and the European Union did not go so well and from Friday, the United States would slap the three allies with steel and aluminium tariffs.

"Certainly, these actions taken on these tariffs are not ones that are conducive to a positive dialogue", he told reporters as a meeting of Group of Seven finance ministers got underway in British Columbia.




Speaking of NAFTA, Trudeau said he told Mr. Trump last week he would go down to Washington with Freeland and personally sit down with the president to work out details.

The Trump administration used the threat of tariffs in NAFTA talks, saying Canada and Mexico would receive a permanent pass only as part of a renegotiated deal.

"Trade was discussed in the G7 in the context of risks to global economic growth and it was highlighted by quite a number of participants", Dombrovskis said. Canada is also considering imposing levies on high-profile US -made consumer goods and luxury items, with the goal of hurting the United States in a visible way without damaging Canada's economy by restricting necessary imports. We do not have any other choice but to respond. The EU has vowed to hit back with retaliatory tariffs.

Tariffs on steel imports to the US can help local producers of the metal by making foreign products more expensive. Trudeau called this moment a turning point in the Canada-U.S. relationship.

In a statement to The Associated Press, the company said it views the tariffs with "regret and concern".

German Chancellor Angela Merkel stressed her opposition even before the USA announcement, saying the looming tariffs were incompatible with World Trade Organization rules.

The G7 leaders' summit, which will be hosted by Prime Minister Justin Trudeau, will also mark Trump's first visit to Canada as president.

The EU alone accounts for United States dollars 5.9 billion or 20.6 per cent of the total steel imported into the US.

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