Trump highlights talks with European Union over `unfair´ tariffs


The European Union's trade chief dismissed U.S. President Donald Trump's threat to impose tariffs on vehicle imports, and vowed to "stand up to bullies", adding to signs that a widening trans-Atlantic rift over protectionism could escalate into an all-out trade war.

Canada, for example, is the top USA source for aluminum and steel imports, so Trump exempted it from the tariffs announced, but only temporarily, saying: "We're going to hold off the tariff on (Canada and Mexico) to see whether we can make the deal on NAFTA".

"This is very important for the thousands of people who rely on these industries for work", Turnbull tweeted.

"The problem is when you say, "All right, let's have tariffs, but let's couple that with uncertainty" - that's nearly worse", Senator Jeff Flake, an Arizona Republican pushing legislation to block the tariffs, said Sunday on NBC's "Meet the Press".

However, Trump more directly tied Canada and Mexico's exclusion from the tariffs to a successful NAFTA outcome. Canada and Mexico, both members of the North American Free Trade Agreement, also warned that they would take strong countermeasures.

The tariffs might be popular in certain parts of the country where steel producers are major employers, just as Trump's obsession with favoring coal over other energy sources plays well in areas that happen to have voted for him. "Big Deficit. If not, we Tax Cars etc. FAIR!"

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The association said in the letter that it applauds the administration's efforts to rebalance trade and protect the US steel industry and workers, but it is concerned that global import tariffs on steel and aluminum would have a devastating effect on steel-consuming manufacturers downstream, including the auto care industry.

Chantale Gagnon says that while many in the industry breathed a sigh of relief when Canada and Mexico were temporarily exempted from the tariffs, they remain anxious that the measure could be reversed.

At the start of March, Trump imposed a 25% increase in steel tariffs and a 10% increase on aluminum.

"We're doing tariffs on steel".

With the world on the brink of the fiercest trade war in recent years, the tasks before South Korea are evident. "It's absolutely, it's a level playing field and, in fact, the USA has a large trade surplus with Australia".

The Commission said it expected to be in contact with Washington over the metals tariffs this week, but that no formal talks had been scheduled. "It has a negative impact on the NAFTA talks".

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Recently, the Trump Administration issued steel and aluminum tariffs that could potentially put at risk, according to industry associations.

Later this week, Trudeau is due to visit the Ontario steel city of Hamilton, where workers are on edge.

"We have our economic relationship, we have our security relationship", he said. NAFTA has turned into a dirty word. We believe that protectionism is a dead end, " French Economy Minister Bruno Le Maire told reporters.

Trade wars are not "good" and are "not easy to win".

Tariffs can be a powerful tool to address inequities by countries that are not playing by the rules.

"A tariff is a tax that will result in higher prices that consumers will ultimately bear", said John Bozzella, the president of Global Automakers. Whether specific countries are exempted or not, the uncertainty caused by Trump's action destabilizes companies' operations and causes unneeded confusion.

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