European Union says talks 'the prime option' in U.S. tariffs row

107 House Republicans express 'deep concern' about Trump tariffs

107 House Republicans express 'deep concern' about Trump tariffs

"If Canada and Mexico were to be excluded, we would perhaps maybe have to raise the tariffs on everybody else - and modestly I might add, modestly - to ensure that our steel and aluminum industries are defended", he said.

The new duties amount to 25 percent on foreign steel and 10 percent on imported aluminum.

"We want to build our ships, we want to build our planes, we want to build our military equipment with steel, with aluminium from our country".

USA officials confirmed Canada and Mexico, currently in the middle of trade negotiations with the United States, were among a handful of nations to be spared the extra costs - for now, at least. It added that other countries like Australia could also be exempted depending on negotiations created to ensure that trade policies benefit the U.S.

"I disagree with this action and fear its unintended consequences", he said, while welcoming temporary exemptions given to Mexico and Canada. "The U.S. and Canada are the only two countries that consume more steel than they produce".

"If Donald Trump puts in place the measures this evening, we have a whole arsenal at our disposal with which to respond", European Financial Affairs Commissioner Pierre Moscovici said.

An MSNBC anchor tweeted late into the evening that the it was "not going to happen" because the president was 'undecided after a day of heavy pushback from Republicans'. Trump dispelled those doubts later that morning during the Cabinet meeting, when he again touted the tariffs and previewed his afternoon announcement.

"It is now more important than ever that Theresa May and Liam Fox use every bit of influence they have left in America to protect the jobs of British steelworkers".

But the lead up to this-and the potential fallout-have been anything but calm.

The senior administration official lambasted critics of the president's tariffs saying, "Nobody inside the beltway should express any sort of surprise".

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Cohn, who vocally opposed the president's plan to institute broad tariffs, announced Tuesday that he will resign from his White House post. "We request that these trade restrictions be withdrawn", it added.

If London presses for an opt-out that could also taint the Brexit negotiations, with Brussels potentially regarding it as a breach of trust and even lead to legal action if the United Kingdom was deemed to have broken the bloc's rules. The EU wants to find out exactly what mandate he has and precisely what conditions allow exemptions, but it is ruling out any negotiations for US market access.

The tariffs, worth billions of dollars, sparked immediate protests from top trading partners the European Union and Brazil, with retaliatory action expected from China and other economic powers.

Beijing said it was ready to retaliate in the event Chinese companies are hurt, but Friday's statement gave no indication of official action.

CGTN's Rachelle Akuffo spoke to Carlo Dade, director for the Trade and Investment Centre at the Canada West Foundation about US steel and aluminum tariffs, and the signing of CPTPP.

Trump said no new taxes would be placed on products made in the U.S.

The US President said the stage for the imposition of reciprocal tax has been set in the first year of his administration.

The president did not say whether he would sign tariffs on steel and aluminum imports at the meeting.

Days ago, Trudeau had termed the imposition of trade tariffs as "unacceptable".

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