20% tariff on pork imports among measures that take effect today

07 June, 2018, 01:57 | Author: Elaine Woods
  • White House Press Briefing on G7 with Larry Kudlow  LIVE

"The idea that we are somehow a national security threat to the United States is quite frankly insulting and unacceptable".

The tariffs are a response to President Donald Trump's new duties on steel and aluminum imports from Mexico, Canada and the European Union. Francis Scott Key composed the words as the British bombarded Fort McHenry in Baltimore from warships, according to the White House Historical Association.

While the Trump remarks Friday appeared to be off-the-cuff, White House economic adviser Larry Kudlow said Tuesday on "Fox & Friends" that the president is "very seriously contemplating" separate trade negotiations.

While other World Trade Organisation members are also considering retaliating by targeting iconic American products - such as bourbon whiskey and Harley-Davidson motorcycles - the escalating tensions between Mexico and the USA may further complicate the renegotiation of the NAFTA.

Mexico has announced new tariffs on U.S. products in response to Donald Trump's decision to impose steep duties on imports of steel and aluminium. "The impact on Canada and ultimately on workers in the US won't be a laughing matter".

The top Trump aide spoke hours after the WTO circulated formal complaints from Canada and the European Union against steep tariffs imposed by the USA last week.

That put it behind only Canada in terms of the value of U.S. exports.

"I regard this as much like a family quarrel", Kudlow said.

But officials from the three countries have been unable to find consensus on several critical issues, leading to finger-pointing between Trump and Canadian Prime Minister Justin Trudeau in recent days.

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"The United States must, at long last, be treated fairly on trade", the President tweeted on Saturday.

Nevertheless, the War of 1812 remains the last full-scale conflict that pitted Canadian against American, and it remains a point of contention between both countries.

"His preference now-and he asked me to convey this-is to actually negotiate with Mexico and Canada separately", Kudlow said.

Mexico has imposed new import tariffs on US goods, including pork products.

The tariffs will make those US products more expensive for Mexican consumers.

The tariffs, meanwhile, have further complicated the U.S. The war was fought in Upper Canada, Lower Canada, on the Great Lakes and the Atlantic, and in the United States.

He denied America's trade policies left it isolated from G7 allies, but warned that Trump would "stick to his guns" at the upcoming summit.

Canada countered by announcing it would slap an estimated $16.6 billion in duties on some steel and aluminum products and other goods from the US, including maple syrup, beer kegs, whisky and toilet paper.

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