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giftedviz.com October 23, 2018


Mexico imposes tariffs on $3 billion worth of US exports

08 June 2018, 04:30 | Austin Hogan

Modal Trigger Emmanuel Macron and Donald Trump Getty Images

Bromance between Trump and Macron takes a hit

VideoKey U.S. allies and trading partners voiced their anger with U.S. President Donald Trump's tariffs on steel and aluminum, and powerful donors within the Republican Party announced efforts to support free trade.

"Don't blame Trump. Blame the nations that have broken away from" the world trade order, Kudlow told reporters at a White House briefing.

"Getting ready to go to the G-7 in Canada to fight for our country on Trade (we have the worst trade deals ever made)", he tweeted. Kudlow said President Donald Trump's focus at the meetings will be on trade and mutual security among members of the G7.

Trudeau and Mexican President Enrique Pena Nieto renewed their commitment to NAFTA last week after the tariffs were imposed.

"The world trading system has got to be fixed and if nothing else, the US has to be protected", he said.

Trudeau is seen as the best bet to build a bridge between Trump and the rest of the G7 because his government has been able to forge deep links with the US administration and across the various levels of American politics and business, the official said.

"We have a very strong relationship with the government of Germany", Nauert said.

But officials from the three countries have been unable to find consensus on several critical issues, leading to angry finger-pointing between Mr Trump and Canadian Prime Minister Justin Trudeau in recent days.

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Mr Trump is trying to use the threat of tariffs on steel and aluminium imports, as well as other goods, to force numerous countries to agree to trade concessions.

During the call in May, sources told CNN that Trudeau asked Trump how he could justify national security as a reason for placing tariffs on Canadian steel and aluminum.

Macron stressed that there would be a European response, and the EU announced on Friday that it would cease trade negotiations with the U.S. and slap retaliatory tariffs on $3.3-billion worth of American products, including orange juice, peanut butter, and Harley Davidson motorcycles.

The European Union has opened a World Trade Organization case. "The impact on Canada and ultimately on workers in the US won't be a laughing matter".

It's unclear whether Trump was joking or falsely believed Canada was responsible for burning down the official home of the U.S. President more than two centuries ago.

Trump's comment on Twitter sets the stage for what could be an uncomfortable confrontation over economic policy on Friday.

"But we don't have high expectations they will influence President Trump", he said.



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