Saturday, 22 September, 2018

Trump calls Canada 'very spoiled,' 'difficult to deal with' on NAFTA

Canada reveals final retaliatory tariffs vs US Canada Imposes Major New Tariffs on American Goods
Faye Gross | 05 July, 2018, 08:02

The Canadian measures take aim at 16.6 billion dollars worth of goods, matching dollar for dollar the tariffs imposed by the US.

Canada imposed tariffs on about $12.5 billion worth of US goods, meant to be proportional to steel and aluminum tariffs imposed by the United States in June.

Speaking in Leamington, Ontario, Prime Minister Justin Trudeau thanked Canadians for standing united against President Donald Trump's sanctions.

"We will not escalate and we will not back down", she said, adding that this trade action was the strongest Ottawa has taken since World War II.

The response from Canada is created to be proportional, with the new taxes being based on the amount of steel and aluminum shipped past year from Canada to the United States.

The tariffs are an equal response to 25 per cent steel tariffs and 10 per cent aluminum tariffs that the US government instituted on June 1. The U.S. has reportedly pushed to restrict duty-free status to vehicles only if they have greater parts made in America and North America.

The Trump administration has accused Canada of being a national security threat when it slapped tariffs on Canadian steel and aluminum in June. "Corporations, as well as our members, don't know what the next move is because we're convinced that Donald Trump doesn't know what his next move is either".

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The three countries have been locked in NAFTA renegotiations for months and Trump said his trading partners have been "very spoiled" and said: "What they've asked for is not fair".

"We will not just be victims of American policy, we're going to fight back". "We've got nothing to be ashamed about".

Another product on the list is whiskey, which comes from Tennessee and Kentucky, the latter of which is the home state of Republican Senate leader Mitch McConnell.

Bruce Heyman, former US ambassador to Canada, thinks the Canadian tariffs will get things moving toward reconciliation between the countries.

Purdue acknowledged that Trump was right to be point out the flaws in US trade policy and make sure that America gets a fair shake on a global scale when it comes to trade agreements.

"I want to wait until after the election".

After that meeting, Trump tweeted that Trudeau was "weak" and "dishonest". During this conversation, they "reaffirmed the close friendship" and agreed to continue working toward a mutually beneficial outcome on the trade agreement, a read out of the conversation from the Prime Minister's Office said.

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