Trump, Trudeau trade barbs over tariffs

Image
Press Trust of India Washington
Last Updated : Jun 01 2018 | 8:20 PM IST

President Donald Trump today tore into Canada for being "highly restrictive" on trade and treating American farmers "very poorly", a day after Canadian Prime Minister Justin Trudeau described as "unacceptable" the US' hefty tariffs on steel and alumunium imports.

The Trump administration removed the exemption to Canada and Mexico from his new 25 per cent tariff on import of steel and 15 per cent on aluminum yesterday.

Trudeau slammed the US for the move, saying "these tariffs are totally unacceptable".

He twitted that he was hoping that "common sense" would prevail.

"Americans remain our partners, friends, and allies. This is not about the American people. We have to believe that at some point their common sense will prevail. But we see no sign of that in this action today by the US administration," he tweeted.

Trump shot back today, slamming Canada for being "highly restrictive" on trade.

"Canada has treated our Agricultural business and Farmers very poorly for a very long period of time" Trump tweeted.

"Highly restrictive on Trade! They must open their markets and take down their trade barriers! They report a really high surplus on trade with us. Do Timber & Lumber in US?" he wrote.

Trump also issued an unusual late-night statement criticising Canada.

"The United States has been taken advantage of for many decades on trade. Those days are over. Earlier today, this message was conveyed to Prime Minister Justin Trudeau of Canada: The United State will agree to a fair deal, or there will be no deal at all," he said.

Trump and Trudeau are scheduled to see each other next week in Canada, which is hosting the G-7 Summit.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jun 01 2018 | 8:20 PM IST

Next Story