The page you are looking for is temporarily unavailable.
Please try again later

Money Steel tariffs, NAFTA are separate: Freeland

20:05  11 march  2018
20:05  11 march  2018 Source:   msn.com

U.S. Metals Tariffs Would Hit Canada Much Harder Than Mexico

  U.S. Metals Tariffs Would Hit Canada Much Harder Than Mexico Canada has the most to lose among Nafta partners if Donald Trump presses ahead with plans to slap steel and aluminum tariffs on his neighbors. define("homepageFinanceIndices", ["c.deferred"], function () { var quotesInArticleFormCode = "PRMQAP"; var config = {}; config.indexdetailsurl = "/en-ca/money/indexdetails"; config.stockdetailsurl = "/en-ca/money/stockdetails"; config.funddetailsurl = "/en-ca/money/funddetails"; config.etfdetailsurl = "/en-ca/money/etfdetails"; config.recentquotesurl = "/en-ca/money/getrecentquotes"; config.

Canada will not bend to U.S. steel tariff pressure in NAFTA talks, says Freeland .

Trump lashed out at Canada and Mexico on Twitter, reiterating his view that the U.S. has a raw deal when it comes to the North American Free Trade Agreement ( NAFTA ). Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed.

a person holding a sign© Provided by thecanadianpress.com

OTTAWA - As the United States tries to light a fire under NAFTA negotiations, Canadian Foreign Affairs Minister Chrystia Freeland says Canada will not be bullied or pressured by the United States as part of those talks.

Popular Searches

S&P/TSX Composite

0000

Canadian CEO supports Trump's steel tariffs, wishes they were even higher

  Canadian CEO supports Trump's steel tariffs, wishes they were even higher Barry Zekelman, the Windsor, Ont.-area owner of a North American steel tube and pipe empire, is backing U.S. President Donald Trump's proposed tariffs and offering employees a $1,000 annual bonus while the policy is in effect. Barry Zekelman said Trump's talk about a 25 per cent tariff for steel and 10 per cent for aluminum provides an example the Canadian government should follow, with one addition — the duties should be even higher."Is that 25 per cent duty enough? I don't think it is and I actually think those duties should be much higher," he said.

Trump lashed out at Canada and Mexico on Twitter, reiterating his view that the U.S. has a raw deal when it comes to the North American Free Trade Agreement ( NAFTA ). Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed.

Chrystia Freeland responded to the ultimatum Trump tweeted Monday, saying we all need to spend less time on social media and that the possible U.S. tariffs and NAFTA are separate issues. 01:42. Trump says he’s ‘100 per cent’ behind steel , aluminum tariffs but ‘no trade war’.

15,577.81
+39.11
+0.25%
S&P/TSX Venture Composite

ISPVX

828.90
-0.57
-0.07%
S&P TSX 60

TSP60

921.64
+2.52
+0.27%
S&P/TSX Completion

TX40

971.67
+1.75
+0.18%

Freeland is coming off a tense week as Canada and Mexico secured an exemption from new U.S. tariffs on steel and aluminum imports with President Donald Trump, pending the outcome of the NAFTA discussions.

U.S. trade representative Robert Lighthizer said last week the pace of the talks is too slow and the U.S. wants them wrapped up in the next four to six weeks.

Experts suggest the steel tariff threats are a pressure tactic to get Canada to sign onto a quick NAFTA deal in order to avoid the punishing steel tariffs.

In an interview with CTV's Question Period, Freeland said Canada will not be pressured and that the American concerns about steel are related to national security and therefore have nothing to do with either Canada or NAFTA.

Freeland notes the official document on tariffs signed by Trump doesn't mention NAFTA negotiations, which she says is significant.

Canada to stand up to U.S. on NAFTA, says PM .
Canada won't be "bowled over" at the NAFTA negotiating table, Justin Trudeau promised Wednesday in the face of U.S. President Donald Trump's ongoing push for a quicker resolution to the ongoing trade talks. The prime minister made the comment Wednesday while greeting steelworkers during an early-morning shift change outside a plant in Sault Ste. Marie, Ont., part of a three-day meet-and-greet tour of communities where steel and aluminum manufacturing are major employers.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!