PM won't rule out financial support for steel, aluminum workers

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Debbie Shon, a partner at the law firm Quinn Emanuel and a former official in the US Trade Representative's office under President Bill Clinton, told Business Insider that the exact value of the tariffs doesn't have to be exactly the same.

But, the U.S.' trade partners refused to give ground, especially since the Trump administration subsequently launched an investigation into automotive imports, which led the European Union, in particular, to come to the conclusion that offering concessions would only be met with demands for more concessions.

In Canada, Trudeau announced what he called "directly reciprocal" tariffs targeting US products like steel and toilet paper.

Back in March, President Trump declared his administration meant to impose global tariffs of 25 percent on imported steel and 10 percent on aluminum, based on national security concerns.

On Monday, he continued the barrage on Twitter. In it, his view of a trade war with Canada was decidedly less of a defense of Trump. Mexico, Canada, China and others have treated them unfairly.

Shares of Harley have traded down in recent days on concerns about a trade war hurting its profits.

Former British trade minister Francis Maude called Trump's decision "stupid", "counterproductive" and that "any government that embarks on a protectionist path inflicts the most damage on itself". "Massive trade deficits no longer!" Is President Trump's latest move a negotiation tactic or a miscalculation?

"He's not directly in charge of the metal tariffs, so in that sense it was very tough for him", Aso told reporters.

Freeland added that the measures will cover some $13 billion in imports with the goods targeted being subject to tariffs of between 10 and 25 percent.

Prime Minister Justin Trudeau says he will work with Canadian steel and aluminium companies hit by punishing US tariffs to make sure jobs and workers north of the border are protected.

The comments came as Trudeau took a more aggressive tone on "Meet the Press" in an interview that aired on Sunday, even as he compared Canada to the stoic, "even-tempered" moose.

For more than a year, Mr. Trudeau had been careful not to publicly criticize Mr. Trump.

European Union economics commissioner Pierre Moscovici today described Trump's approach as "unilateral and hostile", with counter-measures due in the coming days. Canada said on Thursday it will impose retaliatory tariffs on us exports, and challenge the USA tariffs under NAFTA and the World Trade Organization (WTO).

"We are in a trade discussion to renegotiate NAFTA". But the visit fell through, he said, when Vice President Mike Pence insisted Canada agree to add a sunset clause to NAFTA as a condition of the meeting.

"To say that this is an attack on Canada is not right", said Kudlow, who last week compared the situation to "a family disagreement". Highly restrictive on Trade!

They fought to keep this enormous trade relationship from going off the rails. They report a really high surplus on trade with us. However they also target exports from states of significant American political leaders, such as gherkins and yogurt from House Speaker Paul Ryan's home state of Wisconsin, and bourbon from Senate Leader Mitch McConnell's state of Kentucky.

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