Trump threatens tax on European cars — The Latest

Reuters                       Prime Minister Justin Trudeau chats with U.S. President Donald Trump at the G20 meeting in Hamburg Germany

Conservatives - including House Speaker Paul Ryan - are striking back after President Donald Trump announced last week he planned to raise tariffs on aluminum and steel coming into the US.

The problem with this for the U.S government, according to Peter Navarro - the White House trade official - is that excluding one country will create a slippery slope.

"When we're behind on every single country, trade wars aren't so bad", he said.

It's not quite clear exactly what Trump is referring to in his remarks.

"Then we can start talking", Trump said.

"I think there's been a step back", said Sen.

"A loving, loving way". Also, Canada must treat our farmers much better.

"Because even they say, right now, they say, "We can't believe we've gotten away". I understand that fully.

If steel or aluminum does not enter in the US, it will find its way in other markets which will lead to depressing prices globally. In November, the Department of Commerce self-initiated investigations on antidumping and countervailing duties of common alloy aluminum sheet from China.

Canada's steel industry continues to look for a collaborative approach to reaching a deal on NAFTA while pushing for exemption from the proposed tariffs, said Canadian Steel Producers Association president Joseph Galimberti. Knowing the U.S. ultimately has as much or more to lose, Canada is unlikely to be bullied into making serious concessions at the NAFTA table to avoid Trump's tariffs. He's pretty well-proven so far.

"Many countries are doing it. But it comes from China". Among the members are Alcoa, Vulcan, and Rio Tinto Alcan, which together have a US workforce of more than 700,000. And I don't blame the countries.

"Our aluminium mills are going out of business. What possible scenario could you envision where we wouldn't supply you with steel and aluminium?" There's a theory that if a country doesn't have steel, it doesn't have a's true.

He is nearest to God who needs the fewest things. It is emerging as a trading and military superpower. Ryan is urging the White House not to go forward with the plan. Burke Byer, CEO of Byer Steel, supports a tariff to protect his industry. As Goldman weighed in, BHP Billiton Ltd. delivered its own negative assessment, with the world's biggest miner describing Trump's move as a "black day for the world". "And we cannot let that happen any longer".

He singled out the European Union in particular, saying barriers on trade made it difficult for US goods to enter the bloc.

President Trump will meet with White House Economic Adviser Gary Cohn and top company executives to discuss the aluminum and steel tariffs later this week. Trump emphasized his commitment to a NAFTA that is fair to all three countries, and noted that the current agreement leaves the U.S. with a trade deficit.