Global trade secretary Liam Fox criticises Trump administration over steel tariffs

by Dwayne Torres March 13, 2018, 4:32
Global trade secretary Liam Fox criticises Trump administration over steel tariffs

"The temporary exemption for our trading partners in Canada and Mexico is a step in the right direction".

The announcement of duties of 25 percent on imported steel and 10 percent on aluminium has stung the European Union, coming as a surprise to USA allies and also to many in Washington.

Trump in turn has suggested that if the Europeans boost tariffs on US products he would impose new levies on popular German cars exported to the U.S. "But we are not afraid, we will stand up to the bullies", Malmstroem said.

Last Thursday President Trump enacted tariffs of 25 percent on steel imports and 10 percent on aluminum imports, a move he first announced earlier in March.

European leaders believe they should be exempt from the tariffs and have threatened retaliation if the plan goes ahead.

However, they expect any talks about a possible permanent exemption to take place outside of the North American Free Trade Agreement negotiations.

Amid uncertainty over who might be exempted, German Finance Minister Peter Altmaier appealed to reason, saying it is the "responsibility of everybody to keep global trade as fair and open as possible". They recommended tariffs, import quotas or both.

Dazi Usa, Ue: "Negoziato con Washington continua"
Una cosa del genere Trump vorrebbe fare con l'Europa: "Il presidente vuole essere sicuro che la North Atlantic Treaty Organisation ottenga piĆ¹ soldi per proteggerci tutti", ha.

The EU's executive body, the European Commission, handles trade talks on behalf of member countries.

He said that the United Kingdom would be working with the European Union to formulate a response which could include immediate duties on the USA, measures to safeguard the EU market from the displacing effect of U.S. tariffs and a dispute at the World Trade Organisation.

Malmstroem said she told Lighthizer that "the European Union must be excluded" from tariffs because it is a close USA ally.

Donald Trump said Monday that Commerce Secretary Wilbur Ross will soon talk to the European Union about import tariffs that the president argues have been unfair to the United States.

It also said Mr Trump was "cherry-picking" particular tariffs to highlight differences, and maintained average tariffs were very similar on each side of the Atlantic - 3 per cent for products into Europe and 2.4 per cent for those entering the United States.

"There is no victor in a trade war". Brussels insists that the real problem is a glut of steel on worldwide markets.

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