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Trump hints at bilateral deals with Canada, Mexico

Trump hints at bilateral deals with Canada, Mexico

"The idea that the Canadian steel that's in military, military vehicles in the United States, the Canadian aluminum that makes your, your fighter jets is somehow now a threat?" he continued in the interview, which took place in Trudeau's office in Parliament in the Canadian capital of Ottawa.

"We're aware that we have to work collectively and collaboratively with the United States and that, quite frankly, has been my point with the president since the very beginning", Trudeau said.

Canada retaliated for the tariffs Thursday with $16.6 billion worth of "countermeasures" that hit a range of products from flat-rolled steel to playing cards, while Mexico also plans tariffs on a variety of US products, including flat steel.

Canada, the largest supplier of steel to the United States, will impose tariffs covering C$16.6 billion ($12.8 billion) on USA imports, including whiskey, orange juice, steel, aluminum and other products.

We will apply the same types of tariffs on steel and aluminum coming from the United States to be directly reciprocal, but we will also apply a series of tariffs on consumption goods, finished products for which Canadians have easy alternatives, he pointed. Oil and gas pipelines use a special type of steel, much of which is not made in the United States. "To say that it is an attack on Canada is not right".

Canadian Prime Minister Justin Trudeau had also said Thursday that US Vice President Mike Pence had insisted on including a "sunset" privision - which would require the trade pact's renewal in five years - as a precondition for a meeting to handle out final details.

One Canadian insider said traditionally, Canada was too small for retaliatory trade action against the U.S.to have an impact, but Trump has gone after so many countries at once that the pushback globally is big enough to have an impact on the American economy. As the meeting was wrapping up, he tweeted, "When you're nearly 800 Billion Dollars a year down on Trade, you can't lose a Trade War!"

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"We are concerned that these actions are actually not conducive to helping our economy - they actually are destructive".

The European Union and Canada both filed challenges with the World Trade Organization.

"I would say it has been far more a G-6 plus one than a G-7", said Le Maire.

Mr Morneau, who presided over the ministerial meeting in Whistler, has called the tariffs "absurd", saying Canadian metal sales are no security risk to the US. "Recent signs of protectionism from the US are a risk to the forecast, raising the possibility of a global trade war", the IEA said in March, when Trump originally proposed tariffs. "We still have a few days to take the necessary steps to avoid a trade war between the European Union and the U.S.", French Finance Minister Bruno Le Maire said after a meeting of G-7 finance ministers and central bank governors in Whistler, British Columbia. "That is not Free or Fair Trade, it is Stupid Trade!" the president said, without specifying what tariff rates he was referring to.

And in a testament to how ill-conceived the USA strategy is, even the United Steelworkers union opposes the move. "We're going to be polite, but we're also not going to be pushed around", Trudeau said.

Ross had said the delegations had discussed specific United States exports China might purchase to ease the $337bn trade imbalance, but the talks ended with no joint statement and neither side released details.


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