US Tariffs "Unjustified", UK PM Theresa May Tells Donald Trump

THE CANADIAN PRESS  Jeff Mc Intosh                       Minister of Finance Bill Morneau speaks to the media in Calgary Alta

THE CANADIAN PRESS Jeff Mc Intosh Minister of Finance Bill Morneau speaks to the media in Calgary Alta

The PM phoned Mr Trump a the White House to discuss the tariffs he has slapped on imports from the European Union and which threaten to start a global trade war.

"If ultimately that's monetary, if that's what's required to preserve investment and employment in Canada, to make sure that those 23,000 Canadians in steel continue working, then that's what we'll do". Additional measures may be implemented until the U.S. changes its position on trade. "But the point is, we have to protect ourselves".

The Trump administration gave the parties plenty of time to negotiate their way out of the tariffs, but apparently they didn't take the matter serious enough to come to the negotiation table with enough to sway the US from making the move.

"So what you are saying to us, and to all of your North Atlantic Treaty Organisation allies, is that we somehow represent a national security threat to the United States", an exasperated Freeland told Bash.

Tim Phillips, the President of Americans for Prosperity, echoed Trudeau's sentiments about the adverse impact on the American economy in announcing the initiative.

Trump responded Friday morning with a tweet of his own that, "Canada has treated our Agricultural business and Farmers very poorly for a very long period of time". Highly restrictive on Trade!

He has pushed for China to open its markets more to US agricultural exports, which would give Trump a win to brag about and likely boost his chances of winning farm states like Iowa in the 2020 election.

"We remain committed to robustly defending and protecting the United Kingdom steel and aluminium industries and their employees", Fox said, before adding that Britain's best allies in the spat might be those whose jobs and businesses are affected on the other side of the Atlantic.

US equity markets are trading higher on Monday, much to the surprise of bearish traders who were betting on a global trade war to disrupt the rally and perhaps fuel a mild downdraft.

American negotiators tabled a proposal during the fourth round of NAFTA discussions in Washington that demanded Canada eliminate its entire supply management system for dairy, eggs and poultry within a decade and alter its milk classification system. These are two very different countries.

Trade ties between Canada and the United States have soured since Trump took office in January 2017.

Before last week's trade actions by the United States, the European Union and Canada had been granted temporary exemptions. In theory, taxing items coming into the country (imports) makes people less likely to buy them as they become more expensive. Some conservative US senators including Ben Sasse (R-Neb.) also raised objections, arguing that tariffs are contradictory to conservative free trade principles. Those days are over.

Prime Minister Justin Trudeau this week plays host to a summit of the Group of Seven leading industrialized nations with six of the seven members outraged at the United States over a slew of recent moves by President Donald Trump.

China reiterated its threat on Sunday in the wake of the Trump administration saying the trade war was "on hold" and then back on again.

Former New York Congressman Bill Owens, too, is anxious about the trade tariffs.

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