US tariffs 'unjustified', Britain's May tells Trump on call


Trump placed new tariffs on steel and aluminum imports from Canada, Mexico and the European Union last week as a part of his "fair trade" agenda.

"The PM said that the US, UK and European Union are close national security allies and we recognise the importance of the values of open and fair trade across the world", May's spokesman said. Bernie Sanders issued a statement accusing the president of recklessly starting a trade war with American allies while causing economic pain to US farmers, manufacturers, and consumers.

Trump has long railed against NAFTA, condemning it as a job-killing "disaster" that has decimated USA manufacturing.

Heather Conley, a former U.S. State Department official now with the Center for Strategic and International Studies in Washington, said the divisions on trade meant it would be hard for leaders to focus on the other issues. Meanwhile, the Chinese have vowed to strike back against the Trump administration's tariffs on $50 billion worth of Chinese goods with new duties on US products.

Foreign Affairs Minister Chrystia Freeland had a blunt response to the notion that Canada could be considered a national security threat to the United States.

Prime Minister Justin Trudeau is pictured in Sault Ste.

Prime Minister Justin Trudeau says in response to "punitive" US tariffs on Canadian steel and aluminum, Canada has no choice but to retaliate.

"The idea that we are somehow a national security threat to the United States is quite frankly insulting and unacceptable", Trudeau said.

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Morneau has said Ottawa is buying the project from Kinder Morgan Canada in order to help the expansion overcome political risks. Trudeau says the Trump team made a new demand insisting that any new NAFTA deal expire after only five years. I don't deny that. "You have to keep an eye on it", he added.

In response to the US move, Canada and the European Union have threatened to retaliate with tariffs of their own, prompting France's finance minister to say the "tense and tough" Whistler meetings were much more of a "G6 plus one" than a G7.

Canada has also filed complaints with the World Trade Organization (WTO) and the North American Free Trade Agreement (NAFTA) panel.

Canada plans to impose tariffs of up to 25% on about $13bn worth of USA exports from 1 July.

The real threat China presents to the USA economy and US businesses is not a trade imbalance, but unfair trade practices such as discriminatory market access, including foreign ownership restrictions, forced technology transfers as a condition of doing business in China, and outright intellectual property theft.

At this time, the calling the shots as far as trade is concerned and USA investors don't see any reason to abandon the bull market.

"No president has fought the war on poverty better than Donald J. Trump", Mr. Navarro said on Fox's "Sunday Morning Futures". The reality is there are [American] tariffs on steel and aluminum going into the United States today.

Following a meeting of G7 finance ministers in Canada, France's Bruno Le Maire said the summit had been "more a G6 plus one than a G7". Prime Minister Trudeau says he thought the countries were close enough to a compromise that he tried to arrange a trip to Washington last week.