Canada, EU submit formal complaint to WTO over US metals tariffs - Metals


Trump is expected to hold separate bilateral meetings with Trudeau and Macron, who have presented a united front ahead of the G7, with the French president tweeting of his country's "convergence" with Canada on Wednesday.

Top White House economic advisor Larry Kudlow opposed tariffs before joining Trump's team, but now says he agrees the trade status quo hurts America.

Trump announced in March that he was imposing tariffs on imports of steel and aluminum, but he temporarily granted a waiver to U.S allies like Canada, Mexico and the European Union, and also to China, as his administration said trade talks were continuing.

Foreign Affairs Minister Chrystia Freeland discussed trade and tariffs with key Republicans while she was in Washington for the general assembly of the Organization of American States, a Canadian government official said. And while we do produce these metals here, the exact mix of products that, say, USA steel mills make is not identical to the mix of steel products we import.

"There are disagreements. He's sticking to his guns". "The lines are open, the negotiations are ongoing".

"When you're saying that President Trump doesn't really care, perhaps that's the case".

While Mexico exports more goods and services to the USA than it buys, it is also the second largest market for United States exports, buying $277 billion worth of U.S. goods and services previous year, according to the Commerce Department. "1812", one Twitter user wrote in response to the reports.

Trump, who has vowed to protect USA industry and workers from what he describes as unfair worldwide competition as part of an "America First" agenda, is due to hold bilateral meetings with Trudeau and French President Emmanuel Macron during the summit, Kudlow said.

The standoff between European Union and USA could tip toward a trade war after Trump launched another national security investigation into auto and truck imports that lead to new U.S. tariffs.

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"The EU trade surplus with the U.S. is $151 Billion, and Canada keeps our farmers and others out", Trump said in a tweet before adding that he looked forward to meeting the two leaders on Friday. "There will be no world hegemony if we know how to organize ourselves".

The EU, Canada and Mexico each took retaliatory steps against the United States after the Trump administration imposed a 25% tariff on steel imports and a 10% tariff on aluminum imports last Friday. The National Economic Council Director says lowering tariffs and non-tariff barriers will result in a boost in American export sales.

"Why is the prime minister waiting ... to impose steel and aluminum countermeasures when those USA tariffs are in effect right now?"

The U.S. side has linked lifting its tariffs to a successful outcome of the NAFTA negotiations.

Expectations for a resolution of the trade row this week are low after finance leaders from the United States' G7 partners butted heads with U.S. Treasury Secretary Steven Mnuchin at a meeting last week in the Canadian resort town of Whistler, British Columbia.

Ministers from Germany, France and Britain have already written to US officials urging them to shield European companies working in Iran from getting caught up in Washington's new sanctions on Tehran.

"It is apparent that we have a serious problem with multilateral agreements here, and so there will be contentious discussions", Merkel said.

When asked if the comment was received as a joke, one source on the call said: "To the degree one can ever take what is said as a joke".

The two leaders also dismissed as absurd Trump's assertion of national security concerns.