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Justin Trudeau: Donald Trump's comments on Canadian steel industry 'insulting'

05 June 2018

Canada and the European Union have announced they will be retaliating towards United States sanctions.

Joseph Galimberti, president of the Canadian Steel Producers Association told reporters Monday no compensation has been promised thus far.

The EU, Mexico and Canada have all set out plans for retaliatory tariffs on United States goods.

French Finance Minister Bruno Le Maire also said Mnuchin was alone on the tariff issue, with the group becoming a "G6 plus one" as the six expressed "total incomprehension" over the United States move.

"The fact that the president has moved forward with these tariffs is not just going to hurt Canadian jobs".

Trudeau said he wants to respect the government's 30-day consultation period on its proposed $16.6-billion tariff package, retaliation for the Trump administration's decision to impose 25 per cent import duties on steel and 10 per cent on aluminum. "It can be solved if people work together", Kudlow said.

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Ottawa, meanwhile, has been exploring financial assistance options for the steel and aluminum industry and its workers, similar what was done for the softwood lumber industry, the insider said.

In June 2017, Ottawa announced a C$867 million ($670.6 million) package for softwood lumber producers hit by USA tariffs, and officials said they were looking at similar measures.

"There were several issues discussed at the G7 over which there was no agreement", Scholz told reporters.

"We have shown it in the softwood lumber case and we will show it again that we will have their back". Goods affected will include some American steel, as well as consumer products such as yoghurt, whiskey and coffee. In response, Beijing vowed to retaliate against USA exports to China with a matching value.

"Those days are over", he said.

Trump changes his mind often enough that United States allies and rivals alike hope he'll do just that on the duties.

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Europe, along with Canada and Mexico had been granted a temporary reprieve since President Trump first announced the tariffs in March.

The Canadian minister, Bill Morneau, said all six members expressed their "disappointment" over United States trade actions, making clear that Canada being signalled out as a "security concern" in Washington was "insulting" and "unacceptable".

He said "Today we find ourselves the target of punitive tariffs on Canadian aluminum and steel, under pretext of a 232 national security provision".

"He's anxious about trade surpluses, trade deficits around the world".

Later this week, Trump is due to visit Canada for the Trudeau-hosted G7 summit, which will take place at a remote luxury resort in La Malbaie, Quebeca, and where he will meet with leaders of Germany, Italy, France, UK and Japan. The tension spilled over into talks to update the three-nation North American Free Trade Agreement, which have effectively stalled.

The US has renewed a threat to hike tariffs on $50 billion (£37 billion) of Chinese high-tech goods in response to American complaints Beijing steals or pressures foreign companies to hand over technology.

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Justin Trudeau: Donald Trump's comments on Canadian steel industry 'insulting'