'We had your backs': Trudeau on country's steel and aluminum workers

  • 'We had your backs': Trudeau on country's steel and aluminum workers

'We had your backs': Trudeau on country's steel and aluminum workers

Besides threatening the bottom line of a business with an average salary of $75,000, the tariffs also stand to harm CSI's customers by driving up costs, executives said, pointing to a study that found one steel industry job supports seven non-steel jobs. But Trump said that his country is willing to negotiate with countries that share security concerns with the US on a possible exemption before the duty implementation, so there is a possibility that exemptions could be given to more countries, including Korea.

A senior government official told The Globe and Mail on Monday that Ottawa is consulting widely with industry executives on the best measures to combat an expected flood of offshore steel and aluminum.

Trump last week signed into law new tariffs of 25 per cent on steel imports and 10 per cent on aluminum.

Xi has charmed the trousers off Trump, who appears envious of the Chinese government's military parades, press controls and disregard for human rights.

When President George W. Bush raised steel tariffs in 2002, U.S. gross domestic product declined by $30.4 million, according to the U.S. International Trade Commission.

The tariffs will affect a wide range of products, including high-tech gadgets, food, furniture and beverages. The U.S. Office of the Trade Representative has accused China of infringing on U.S. intellectual property rights, including the widespread counterfeiting of goods. He is scheduled to tour steel mills in Hamilton, Sault Ste.

Brazil has said it will seek exemption from the newly imposed tariffs.

After a long-scheduled weekend meeting with USA trade representative Robert Lighthizer, Malmstrom used another bit of neat diplomatese - she described her discussions with Lighthizer as "frank".

A meeting in Brussels between Malmstrom and her USA counterpart Robert Lighthizer on Saturday ended without a breakthrough, as the European Union didn't receive reassurances that it will be exempted from metal tariffs.

"I told the president that imposing tariffs on steel and aluminum does not help with regard to NAFTA", Prime Minister Justin Trudeau said Monday.

Trump responded last week with a blanket tariff increase on steel and aluminium, another metal China's trading partners complain it oversupplies. On the other hand, the U.S.is not in a rush for the negotiations to revise a free trade agreement with South Korea, which was not exempted from the new rule.

Asked what he would do if Trump changed course and slapped duties on Canada, Trudeau said, "we'll see when we get to that point".

Trump has introduced a new strategic doctrine on trade, and though I have some reservations (I opposed the steel tariffs), it's important that we understand it and realistically assess its merits.

The report argues that there are two ways to wave the white flag on China trade - one, favored by the Washington establishment, is to accept Chinese cheating as the way of the world; the other, perhaps favored by Trump, is to adopt a mercantilism of our own.

Beijing tried to defuse threats of trade sanctions by agreeing at a meeting of the Group of 20 major economies in 2016 to form a global panel to discuss how to shrink the industry.

Canada is the largest market for the United States, with 283 billion US dollars worth of goods exported to Canada in 2017. Tariffs would apply not only to information technology products, often the target of intellectual property theft, but also consumer goods like clothing.

Approximately seven percent of the UK's steel output, or 350,000 tonnes, was exported to the United States in 2017. The construction industry would take the biggest hit.

The costs to the world economy could grow further if countries impose their own tariffs on USA products, raising prices for goods globally and undermining economic confidence.

Canada, the top supplier of steel and aluminum to the USA market, and Mexico have been temporarily exempted from the tariffs until trilateral continental trade talks conclude.

"We are ready for a trade war", said Enggartiasto Lukito, the trade minister.