In Our Opinion: Trump must be careful in trade disputes

In Our Opinion: Trump must be careful in trade disputes

But he gave Canada and Mexico a reprieve: He exempted them from the tax temporarily - provided that they agree to renegotiate the North American Free Trade Agreement to Trump's liking.

China's Commerce Ministry criticized Trump for acting unilaterally rather than working through the World Trade Organization.

Eliminating these tariffs was the subject of the negotiations for a free trade agreement between the European Union and the USA which stalled under Trump, according to Malmstrom.

Asked to respond to Trump's accusations that the EU is imposing barriers to USA automakers, Malmstrom said that "it's hard to argue on Twitter over these issues, but the European Union is a very open market". Big Deficit. If not, we Tax Cars etc.

Canada's Foreign Affairs minister in Mexico City talking NAFTA with her representatives from Mexico and the U.S. Freeland says she won't let American threats of revoking Canada's exemption from metals tariffs compromise our position at the negotiating table.

In the end, Trump's tariffs might help him win the battle for Ohio, Michigan, Pennsylvania or Wisconsin, but they will lose him the war in terms of trade.

Well before Trump's announcement last week, the White House had signaled that Mexico and Canada could be left off the list of countries targeted for punishment, and Mexican negotiators were already wary of the fine print.

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Then, there's the rest of the world: Steel-producing countries affected by the tariff are concerned that this will handicap sales and threaten manufacturing jobs - and, if these countries decide to pass their own tariffs in retaliation, it could trigger a global "trade war" of revenge tariffs. For if Trump makes the United States an erratic and chaotic trade partner, Australia will be seen by China, South Korea, India and ASEAN as safe, reliable and on side in the Asia-Pacific.

At a campaign rally Saturday, Trump threatened to "tax" German cars if the European Union does not lower its barriers to U.S. goods. It was still hoping for clearer indications about the exemption process.

The bloc says that it's a close ally of the USA and therefore any import levies on national security grounds are unjustified.

Katainen said Brussels wanted "clarity" on how the tariffs will be implemented and was ready to enforce retaliatory measures to protect European interests if needed.

Donald Trump's decision to add tariffs to steel and aluminum imports has shaken global markets. "If you're thinking about trying to get your key partners to actually cooperate with you on the underlying issue ... it's going to be much more hard to get them to do so if at the same time you're hitting them with tariffs".

NAFTA talks started seven months ago and the U.S.is starting to get antsy about getting a deal.

Prime Minister Justin Trudeau is heading to Canadian steel country this week on a three-day tour created to shore up the industry.

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