EU, Japan start push for exemptions from Trump tariffs

EU, Japan start push for exemptions from Trump tariffs

"We expressed our concern".

Germany on Friday urged multilateral talks to address overcapacity in the steel sector and said it supports the European Union's plans to respond if U.S. President Donald Trump presses ahead with tariffs on steel and aluminium imports.

Budget 2018 contained no new policies that will help Canadian steel and aluminum workers deal with US protectionist policies and trade disruptions.

Fast also said he was happy to read reports that Trump is considering exemptions for both Canada and Mexico for his proposed tariffs on steel and aluminum. The Trudeau government is failing to take these trade disputes and other trade irritants seriously.

The EU is holding fire on its reprisals as Trump has yet to sign into effect his plan to set tariffs for what he calls unfair competition for U.S. industry, but Malmstroem said a list of products had been drawn up including steel, industrial and agricultural items.

Analysts believe the new tariffs will increase the costs consumers pay for a new vehicle in the U.S.

Mr Eggert then demanded European Union instate protective measures for the industry, adding: "We cannot stand by and watch the United States light a match under the global trading system".

"He only explained the schedule and the procedures", he said.

Japan, he said, would stick to World Trade Organization rules in terms of taking measures. "We will look at the impact on Japanese businesses and make a final decision".

The actual formal documents specifically state that Canada and Mexico are a special case, given the continent's shared commitment to mutual security, an integrated defence industry and the shared fight against dumped steel and that the best way to address USA concerns - "at least at this time" - is by continuing discussions.

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President Donald Trump is implementing tariffs on imported steel and aluminum.

The only two countries escaping tariffs were America's neighbours: Canada and Mexico.

The White House is now clearly avoiding that kind of talk: "We will have ongoing discussions with Canada and Mexico", a senior White House official said in a pre-announcement briefing.

Commission Vice President Jyrki Katainen warned Washington on Friday not to expect any concessions to win an exemption.

The Chinese Commerce Ministry called Trump's tariffs "a serious attack on normal global trade order" and said that Beijing is "firmly opposed" to the measures.

It has already started monitoring incoming metal flows to see whether a surge occurs.

The fact that Canada might be included on the initial hit list had become a political sore spot for the administration, as USA critics of the move ridiculed it by zeroing on the idea of national-security tariffs against a peaceful next-door neighbour and defence ally.

The EU is also maintaining a threat of counter-measures that would target USA imports ranging from maize to motorcycles, and may publish its list next week to allow industry and other interested parties to give their input.

French President Emmanuel Macron on Friday warned his U.S. counterpart Trump against forging ahead with the planned tariffs, saying they risked provoking a mutually destructive "trade war".

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