Trump Takes To Twitter To Slam Canada's Softwood Lumber Sector

Canada to impose tariff 'countermeasures' on US

A day after the United States announced the tariffs would not exempt the E.U., Canada or Mexico, the Brussels-based bloc announced that it would file a complaint with the World Trade Organization.

European Commission President Jean Claude Juncker said President Trump's tariffs were "totally unacceptable". The U.S., Canada and Mexico are also involved in a tough renegotiation of the North American Free Trade Agreement.

The prospect of a global trade war has roiled financial markets this week even if they were back in positive territory on Friday due to upbeat U.S. economic data.

"A trade war is when there is an escalation of conflict". "This is a very strong Canadian action in response to a very bad US decision". "We will respond appropriately".

According to Trudeau, Trump's tariffs will harm industries and workers on both sides of the Canada-U.S. border.

And last week, he ordered an investigation into auto imports to the United States that could lead to 25-per-cent tariffs on cars and trucks, which would disproportionately hit Canada; about 80 per cent of Canadian-made vehicles are for the US market.

German Chancellor Angela Merkel said the European Union "will respond in an intelligent, decisive, and joint way".

While the possible tariffs from Mexico would hurt USA pork producers, it would ultimately drive down the cost to consumers, the Register reported.

Effective July 1, Canada will impose tariffs of 25 percent on shipments of USA steel and 10 percent on aluminum, as well as on other products, such as playing cards, inflatable boats and yogurt.

Guajardo said retaliation was aimed at products chosen to hit districts with important lawmakers who had been warning Trump not to mess with Mexico. Well, they have a 2 billion surplus on steel with us.

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"It is a sad day for worldwide trade", Guajardo said.

In a statement released yesterday, Stefanik said she "strongly" opposes the White House decision.

As this newspaper has stated previously, a tariff with Canada has seriously impacted the print media in the U.S. Additional tariffs won't help other sectors of the economy and could be the impetus that plunges our economy into a recession.

Trump's Republicans are fighting to retain control of Congress in mid-term elections.

Producers in the state already face a 25 percent tariff on pork exports to China.

Freeland says the countermeasures, which apply to a long list of USA products from flat-rolled steel to playing cards and felt-tipped pens, will go into effect July 1.

Speaking to Sky News, the International Trade Secretary said he would not rule out retaliatory counter measures as "you can not look at every global issue through the prism of Brexit".

The Canadian prime minister, Justin Trudeau, issued an immediate tit-for-tat response, announcing tariffs of up to 25% on U.S. imports equivalent to C$16.6bn, the total value of Canadian steel exports a year ago. Canada pledged to fight back with its own measures.

Heyman predicted Trump will upend NAFTA, but Freeland said Canada is still trying to make a NAFTA deal happen.

"The difference between a year and four, five months ago is that it seems the world looked and said 'poor Mexico", Guajardo said. Steelworkers in Port Talbot, Wales, who have struggled to protect their factory and 4,000 jobs, now face another threat.

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