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


'I had to highlight that there was no possibility of any Canadian prime minister signing a NAFTA deal that included a five-year sunset clause, and obviously the visit didn't happen, ' Trudeau said of his planned trip to Washington. But it granted an exemption to the European Union and other USA allies; that reprieve expires Friday.

The jeans maker Levi Strauss is also on the EU's target list.

May said the USA should immediately rethink its decision, in what seems to be her first comment since the imposition of the tariff 24 hours ago.

Canada's finance minister says talks among world economic officials will be hard this weekend following the U.S. decision to impose steel and aluminum tariffs on its closest allies.

Trudeau wrote on Twitter: "American tariffs on Canadian aluminum & steel are unacceptable". "At the same time, most of his product is made out of aluminum, and there is great uncertainty as to what the tariffs do to actually the price of his core product".

At home, some have expressed doubts about the position Trump has taken.

Trump shot back today, slamming Canada for being "highly restrictive" on trade.

"I think that we've all had just about enough of Donald Trump". "For the moment that door is closed", she said.

Mexico's retaliatory tariffs target pork legs, apples, grapes and cheeses as well as steel - products from USA heartland states that supported Trump in the 2016 election.

French Finance Minister Bruno Le Marie said at the opening of a Group Of Seven ministerial meeting in Canada on June 1 that the US tariffs risk "the economic destabilization of the planet" because they will reduce economic growth and kill jobs.

"It makes it really hard to believe that deliberations are in good faith if you're taking capricious actions like this that really hurt the other parties", he said.

Yesterday, however, Trump announced that those exemptions were not being extended, and his decision immediately drew furious responses from Canadian President Justin Trudeau, German Chancellor Angela Merkel and French President Emmanuel Macron.

"He's rewriting the trade agenda for his own interests, and it's working". Mexico said it would penalize US imports including pork bellies, apples, grapes, cheeses and flat steel.

Economists with Goldman Sachs said the US decision to impose tariffs "suggests that prospects for a NAFTA agreement in the near-term are fading".

"We've been absolutely clear on the retaliation..."

German Chancellor Angela Merkel said the European Union "will respond in an intelligent, decisive, and joint way".

Second, we need to understand the nature of trade.

The tariffs also don't bode well for ongoing North American Free Trade Agreement (NAFTA) negotiations.

She said the measures "will cause a lot of damage to our steel and aluminum industry" and risk hurting global economic growth.

"We will keep fighting", Turner said.

Officials at the G-7 meeting have expressed frustration over the USA decision to take unilateral action amid ongoing trade negotiations.

Janzen says the steel and aluminum tariffs are a unique result of Trump policies whereas softwood lumber has been an irritant for several administrations of both political parties.