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Trump's trade tariffs 'insulting, unacceptable': Trudeau

Trump's trade tariffs 'insulting, unacceptable': Trudeau

Canada is expected to use next week's G7 heads of state meeting to offer a firm and united response to the US' unilateral trade action.

Trudeau, in an interview aired on Sunday by NBC's "Meet the Press", said it was "insulting" to hear the US claim that Canadian steel and aluminum posed a national security threat.

"Our soldiers fought and died together in the beaches of the Second World War, in the Afghanistan mountains and have been shoulder by shoulder in some of the world's most hard places, always being there for one another, it is an insult to that", he added. "Earlier today, this message was conveyed to Prime Minister Justin Trudeau of Canada: The United States will agree to a fair deal, or there will be no deal at all".

Those retaliatory measures won't be official until July, but Foreign Affairs Minister Chrystia Freeland has said the duties are meant to encourage the U.S.to back down.

The meeting of top economic policymakers was seen as a prelude to the trade disputes that will dominate the two-day G7 summit that begins on Friday in Quebec.

For now, another source said, it adds up to about $19 billion worth, but Canada is targeting import values of $16.6 billion - equivalent to the 2017 value of Canadian steel and aluminum exports that will be hit by USA tariffs.

Trump imposed the steel and aluminum penalties under a 1962 law that gives the president broad power to increase or reduce tariffs on goods deemed critical to national security.

Meanwhile, negotiations with Canada and Mexico to revise the North American Free Trade Agreement were "taking longer than we had hoped" and there was no "precise date" for concluding them, so their exemption also would be removed, Ross told reporters.

"What companies is going to want to invest in Canada if five years later there might not be a trade deal with the United States?" he said. Trump in turn blasted Canada on Twitter, alleging it has imposed unfair trade barriers.

Steel imports from those countries will now be subject to a 25% tariff, and aluminum imports will be subject to a 10% tariff.

The E.U. and Canada also opened cases against the USA with the World Trade Organization related to attribution of national security threats.

As well as tariffs, EU countries told the USA about their concern over the effect of new United States sanctions on Iran for European companies that want to trade with both nations.

The Trump administration triggered a major global trade war last week when it imposed hefty tariffs on steel and aluminum from Canada, Mexico and the European Union.

In addition, tariffs against China could cost 134,000 USA jobs, steel and aluminum tariffs could cost 470,000 jobs, and tariffs on autos and auto parts could cost 157,000 jobs, Donohue warned.

The EU is set to retaliate with tariffs on a range of USA goods from Harley-Davidson motorcycles to blue jeans and bourbon whiskey.

Trudeau stated that the tariffs would remain in place unless the USA removed its own set of tariffs.

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