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

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

Trudeau said he wants to respect the government's 30-day consultation period on its proposed $16.6-billion tariff package, retaliation for the Trump administration's decision to impose 25 per cent import duties on steel and 10 per cent on aluminum.

CSPA President Joseph Galimberti met with Prime Minister Justin Trudeau Monday morning, days after the US imposed 25 per cent tariffs on some imports of foreign steel and 10 per cent tariffs on aluminum imports.

Tensions between Canada and the current United States administration are escalating in intensity amidst the new trade war launched by President Donald Trump.

"The American tariffs went into effect immediately and Canadian shipments of steel are already being turned back from the border", said Scheer.

"The Liberal government is the government that put supply management in place and it is the Liberal government that will protect supply management". There are not tariffs on steel or aluminum coming from the United States today.

Speaking after the meeting, Le Maire said the European Union was poised to take counter-measures against the US. May will not push for a United Kingdom exemption to the new U.S. border tariffs of 25% on EU imports of rolled steel and 10% on aluminium as the United Kingdom will join the bloc's push for European exemption. I don't deny that.

Distribution of aid could be a thorny challenge.

Le Maire said it's now up to the take action to rebuild confidence among G7 members - and to avoid any escalation next week during the G7 leaders' summit. Steel service centres buy steel from mills - both in North American and offshore - and process it for downstream users such as manufacturers.

"There are no two countries that are as interconnected, interdependent", Canadian Prime Minister Justin Trudeau said Sunday on NBC's Meet the Press.

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"We do not want a trade war, most rational people believe there are no winners", he said.

"This is the approach we took with softwood lumber, we'll be taking the same approach yet again this time with Quebec firms in aluminum".

Japanese Finance Minister Taro Aso said that direct discussions between Prime Minister Shinzo Abe and Trump may help resolve the issue, though Japan has refused to accept import quotas.

The political network backed by billionaires Charles and David Koch said Monday it's planning a "multi-year, multi-million-dollar" campaign to promote free trade and oppose President Donald Trump's moves to impose tariffs on billions of dollars worth of imports.

Trump's decision to end tariff exemptions for Canada, Mexico and Europe (including France) comes only 37 days after Macron visited him in Washington and warned him that the protectionist move could have dire consequences.

"The prime minister raised the United States decision to apply tariffs to European Union steel and aluminium imports, which she said was unjustified and deeply disappointing", a spokesman for the prime minister told reporters. "And we're still having the steel talks with Canada", Kudlow said.

Those anxious that tariffs could backfire by killing need to remember that nobody has been more effective in building up the poor than President Trump, according to his senior trade adviser.

Sheehan has further meetings scheduled tomorrow with Canadian Steel Producers and industry leaders. It's not necessarily China or the traditional sort of dumpers that you'd associate with negative behaviour.