G7 asks Mnuchin to convey 'concern and disappointment' on tariffs


Morneau has called the steel and aluminum tariffs "absurd", because Canada is by no means a security risk to the U.S. He's warned the measures will destroy jobs on both sides of the border. Brussels has lodged an eight-page list at the global trade body of goods it would hit with retaliatory measures.

Trudeau also noted that now the US has a $2 billion USA dollar surplus in steel trade with Canada and that Canada buys more American-made steel than any other country in the world.

"Make no mistake: restricting the raw material supply to the USA and imposing tariffs on imports from our closest trading partners places American manufacturers directly in harm's way", said Paul Nathanson, a spokesman for the Coalition of American Metal Manufacturers and Users, which represents some 30,000 enterprises that use the affected metals.

"The EU and United Kingdom should be permanently exempted from tariffs and we will continue to work together to protect and safeguard our workers and industries", Mrs May said.

The request for consultations formally initiates a dispute in the WTO. "We are expecting everybody to play by the rules".

"It's been a lousy deal for the United States from Day One", Trump said Friday, dismissing objections from some of the country's closest allies.

The US president's escalated rhetoric came after Mr Trudeau expressed frustration over Mr Trump's decision to end an exemption for Canada and other allies from steel and aluminum tariffs.

Mexico said it was imposing wide-ranging "equivalent" measures, ratcheting up tensions during talks with Washington to renegotiate NAFTA and ahead of the USA mid-term elections. This could mean that the EU will either neutralize or retaliate against the USA with European tariffs.

Trump maintains that the U.S. has been unfairly treated in trade with its neighboring and oversees partners. "Our offer was "you take this gun away from us, we sit together as friends and equals and we discuss" and this would eventually lead to negotiations", Malmstrom told a news conference in Brussels.

"So we never got this".

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But, she added, "they also contribute to U.S. industry including in defence projects which bolster United States national security".

President Donald Trump wants China to engineer huge cuts in its $375 billion trade surplus in goods with its biggest trading partner.

"Our steel and aluminium industries are hugely important to the United Kingdom, but they also contribute to USA industry including in defence projects which bolster U.S. national security".

French Finance Minister Bruno Le Maire said the United States was isolated during the discussion on trade.

When asked if the USA tariffs represented the beginning of a trade war, Trudeau responded that Canada will continue to put pressure on the US and attempt to convince Trump that imposing the measures will put an undeniable strain on their relationship. These could come into force from June 20, although European Union officials said it might take a little longer. The consequences will be more severe if significant retaliatory actions harm USA exports.

France's President Emmanuel Macron, a globalist who has courted Mr. Trumps's friendship, blasted: "Unilateral responses and threats over trade war will solve nothing of the serious imbalances in world trade".

The Trump administration wants China to buy more U.S. goods to lower a trade deficit.

Officials at the G7 meeting said the tariffs made it more hard for the group to work together to confront China's trade practices, especially when Beijing, like most G7 members, supports the current World Trade Organization-based trade rules and the United States is seeking to go around them.

The Chinese government said the move went against the recent consensus between the two countries. "We have to believe that at some point their common sense will prevail", he said in the type of language that successive USA administrations have used to describe recalcitrant regimes such as Iran. The EU is also planning a legal challenge via the WTO.