US-G7 trade spat

CNC
Added On June 12, 2018

The United States and Canada swung sharply on Sunday toward a diplomatic and trade crisis.

 
The spat drew in other G7 countries include Germany, France and Britain, which sharply criticized Trump's decision.
 
U.S. trading partners have been furious over U.S. President Donald Trump's decision last week to impose tariffs on steel and aluminum imports from Canada, the European Union and Mexico as part of his "America First" agenda.
 
Canadian Prime Minister Justin Trudeau has been described as "insulting" Trump's decision to invoke national security concerns to justify steel and aluminium tariffs.
 
SOUDBITE (ENGLISH)JUSTIN TRUDEAU,Canadian Prime Minister:
"I highlighted directly to the President that Canadians did not take it lightly, that the United States has moved forward with significant tariffs on our steel and aluminum industry. Particularly did not take lightly the fact that it is based on a national security reason that for Canadians who either themselves or whose parents or community members have stood shoulder to shoulder with American soldiers in far off lands in conflicts from the First World War onwards.That it's kind of insulting."
 
German Chancellor Angela Merkel said like Canada, the EU is preparing counter-measures against U.S. tariffs on steel and aluminium imports, in line with World Trade Organizations rules.
 
British Prime Minister Theresa May said the UK will also fully support it.
 
SOUNDBITE (ENGLISH): THERESA MAY, British Prime Minister
"What we want to ensure, I referred to it in my statement the fact that the EU, of course, we operate as a member of the EU as we currently are, the European Union will impose counter measures to the United States."
 
French President Emmanuel Macron said it was possible to advance the trade issues that have split the U.S. and its allies.
 
The weekend's troubles were foreshadowed on Saturday when Trump Tweeting, Trump defended his position:
"The United States will not allow other countries to impose massive Tariffs and Trade Barriers on its farmers, workers and companies. While sending their product into our country tax free. We have put up with Trade Abuse for many decades ---- and that is long enough."
 
Trump said his tariffs are meant to protect U.S. industry and workers from unfair international competition.
 
Canada, Mexico and the EU are moving ahead with their own levies on U.S. goods.
 
But tariffs on U.S. imports of cars and auto parts would devastate the Canadian auto industry, which is highly integrated with the U.S. sector. They could also damage Japan and Germany.