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Trump criticizes Canada's lumber sector after imposing steel, aluminum tariffs

04 June 2018

When asked whether a trade war has already started, Dombrovskis said: "That is certainly not the vocabulary we are using, we keep our communications channels open. we need to push for a solution on this particular issue".

The initial tariffs were announced in March after President said that the United States had been unfairly treated in trade with its neighboring and oversees partners.

The freshly introduced metal tariffs reportedly threaten €6.4 billion ($7.4 billion) worth of European exports to the US. "Congress can not sit idly by as Donald Trump continues to isolate the United States and cede leadership to Russian Federation and China on the global stage".

"The US is playing a risky game here." said Cecilia Malmström, the European Union trade commissioner.

The lesson to be learned by Canadian industry is that the disputes aren't about fact, subsidy or national security, said Susan Yurkovich, president of the BC Lumber Trade Council.

The U.S. administration also launched a national security investigation last week into vehicle and truck imports, using the same 1962 law it has applied to curb incoming steel and aluminum."The Trump administration seems to regard overt threats, including tariffs and repudiation of previous agreements, as a key element for gaining leverage in trade negotiations", said Eswar Prasad, a former head of the International Monetary Fund's China division and now a professor at Cornell University.

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Commerce Secretary Wilbur Ross visited Beijing for trade negotiations over the weekend, and those talks produced "positive and concrete" results, said a statement from the Chinese government in state-run media Sunday.

"They report a really high surplus on trade with us".

The European Union has formally set in motion its trade retaliation against the United States over tariffs, filing on Friday a request for consultations at the World Trade Organization.

While the U.S. administration's decision to hit its European and North American allies with the metals tariffs was not aimed directly at China, it also sets the background for negotiations with Beijing, where Ross was headed on Friday for talks.

"The EU is a peace project, including on trade", she said, pointing to the numerous trade agreements the EU is signing.

"China is a responsible nation in global interactions, we always honour our words but we expect our partners to also keep their words", he said.

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The U.S. tariffs coincide with - and could complicate - the Trump administration's separate fight over Beijing's strong-arm tactics to overtake U.S. technological supremacy.

Brussels also lodged an eight-page list of goods it would hit with retaliatory measures, from big motorcycles like the Harleys, to "canoes", "manicure or pedicure preparations" and even "sinks and washbasins, of stainless steel" - the proverbial kitchen sink. "We are expecting everybody to play by the rules". "By people representing us who didn't have a clue", he said at the time.

"Canada is a secure supplier of aluminum and steel to the US defense industry, putting aluminum in American planes and steel in American tanks", Trudeau said. That hurts the companies and can lead to more expensive consumer prices, economists say.

"This is a bad day for world trade. One can think about making voters happy by saying, 'I have a victory, I'll change the rules, you'll see'".

"We have made clear to the USA government at the highest levels the importance of United Kingdom steel and aluminum to its businesses and defence projects", the spokesperson said.

At the Group of Seven ministerial meeting in Canada, US Treasury Secretary Steven Mnuchin faced stern reactions from his counterparts, who accused Trump of jeopardizing the world economy with steps that would prove job killers for all concerned.

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Trump criticizes Canada's lumber sector after imposing steel, aluminum tariffs