Germany Slams Trump Steel, Aluminum Tariffs

Trump 'Trade Wars Are Good And Easy To Win'

Trump on Thursday said that he would impose a 25 per cent import tariff on steel and 10 per cent on aluminium to protect United States producers.

"This is an action basically to protect our national security and economic security", Navarro told CNN's "State of the Union".

If the tariffs do go through, Howe believes Canada will retaliate in such a way that it will deter the Americans.

"Our workers, since we've been through quite a bit, are pretty conditioned not to panic".

It also follows recent USA trade attacks on other major Canadian sectors including forestry and aircraft manufacturing. The American International Automobile Dealers Association said the tariffs could cause the cost of a auto to rise a lot.

Republicans found a sympathetic voice on the other side of the aisle in Senate Democratic Leader Chuck Schumer, D-N.Y., who seemed to respond to Trump's tweet Friday by saying on a cable news show, "To say that trade wars are a good thing is just wrong".

Along with the 10 percent tariff on imports of aluminum, there would be a 25 percent tariff on imports of steel.

"I think this is the proverbial can of worms", Mitchell said, adding that tariffs are likely to start a trade war, particularly with China. Yet, by the time the Prime Minister went out to make a public appeal in front of reporters, Canadian officials were still saying they had no idea whether the mooted US tariffs will apply to Canada.

A Commission spokesperson said: "The list is ready and will include one-third steel products, one-third agricultural products and one-third industrial products".


Scott Walker is urging President Donald Trump to rethink his call for tariffs on steel and aluminum imports.

The US imports steel from more than 100 nations and brings in four times more steel from overseas than it exports.

Trade is the opposite of a competition a country wins or loses.

Toyota Motor Corp. warned that while the "decision to impose substantial steel and aluminum tariffs will adversely impact automakers, the automotive supplier community and consumers as this would substantially raise costs and therefore prices of cars and trucks sold in America".

When it comes to steel production, one country is miles ahead of the pack: China.

Trump also complained about the trade deficit, attributing it to "our "very stupid" trade deals and policies".

There are also local industry concerns that the tariffs could see cheap steel destined for the US flood the domestic market instead.

Sen. Ben Sasse, R-Neb., released a statement shortly after the president's early morning tweet, pushing back on his assertion that "trade wars are good".

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