Published: Fri, June 08, 2018
Business | By Tara Barton

Trudeau tells premiers USA tariffs 'unacceptable' as Trump's G7 looms

Trudeau tells premiers USA tariffs 'unacceptable' as Trump's G7 looms

And a year ago, a group of former Council of Economic Advisers chairmen from both political parties wrote a letter to Mr. Trump urging him not to move ahead with steel tariffs, warning that "tariffs would raise costs for manufacturers, reduce employment in manufacturing, and increase prices for consumers". "Canada's a different country than Mexico".

Scheer's positions largely echo the stance the governing Liberals are taking on the matter with Prime Minister Justin Trudeau outright rejecting a one-on-one trade talk with the US and drawing a line in the sand with the USA over the idea of a five-year sunset clause on a new NAFTA deal.

In a March survey of an expert panel of academic economists assembled by the University of Chicago's Booth School of Business, no economist agreed with the statement, "Imposing new US tariffs on steel and aluminum will improve Americans' welfare".

"There are disagreements. He's sticking to his guns".

Trudeau told the premiers he plans to vigorously defend and protect Canadian workers and industry, and that he is committed to successfully renegotiating the North American Free Trade Agreement "that is in the best interests of Canadians".

Kudlow says Trump "hates multilateral" treaties.

In Ottawa, a Canadian official indicated there would be no change in the government's approach. The G7 groups Canada, the United States, Japan, Britain, Italy, France and Germany.

Final Samsung Galaxy Note 9 design leaks out
However, some rumors are claiming that the upcoming flagship could have a 6.4-inch display for increased screen real estate. It looks like the Note 9 will keep the 3.5mm headphone jack on the bottom, too, along with a USB-C port for charging.

G7 summits usually end with the host nation issuing a final communique, but Canada may decide not to do so, preferring instead to release a statement by Trudeau summarizing the talks, said the sources.

Canadian Foreign Minister Chrystia Freeland, pressed about a Washington Post report that the White House was considering additional economic penalties against Canada, told reporters that Ottawa was unaware of any such move. The EU trade surplus with the $151 Billion, and Canada keeps our farmers and others out.

"The prime minister expressed his disappointment with the decision by the USA administration to impose tariffs on Canadian steel and aluminum", says a readout from this office.

On Wednesday, the World Trade Organization advanced trade complaints against the US from the European Union and Canada.

Adding to the uncertainty is European anger over Trump's decision to pull the United States out of the global nuclear agreement with Iran.

The French presidency official said that if a final communique were issued, France would insist it mentioned the Paris accord on climate change that Trump withdrew from previous year.

But critics of Mnuchin's approach say the new CFIUS legislation would be a weak substitute for the investment curbs the White House is considering in its trade dispute with China.

Like this: