Canada, Mexico will be temporarily exempted from US metals tariffs

EU seeks urgent clarification on impact of US steel tariffs

The measures are more nuanced than whatTrump and his advisers had initially threatened to do.

"For now, Canada and Mexico will be excluded from the tariffs", said a senior White House official. However, Trump tweeted on March 5, "Our friends and enemies have taken advantage of the USA for many years", indicating he was resolved to apply the steel and aluminum tariffs to all nations. It sends 75 percent of its exports to the United States.

On Monday morning, Trump also implied that he wants Mexico to alter some of its behavior if officials there want any chance of relief from the coming tariffs.

At the same event, David MacNaughton, Canada's ambassador to the USA, said there is "no question" that NAFTA needs an "update".

It surely wasn't coincidental that Trump's tariff ploy emerged during a crucial congressional election in the steel-producing state of Pennsylvania. "Pivot to Canada." Recruiters from cities in Canada attend Canadian university alumni events in the valley, urging graduates to come home "to your next career move in the Great White North".

The world economy has changed since the 1990s, and no amount of presidential bluster changes the reality that America has less leverage than it used to. Canada has complained that the the U.S. Trade Representative is falsely inflating that number by counting goods that merely pass through Canada from other countries. "Ben Sasse, R-Neb., said in a statement". But it added that it will "do its best" to get on the list of countries that are exempt from the restrictions. "We have the ability to respond", he told Mexican broadcaster Televisa.

As these issues progress, I will keep sharing the importance of robust trade relationships with the Trump administration, fellow members of Congress and our trade partners to strengthen market access for producers.

And now, Donald Trump insults us. "We don't have exact details - it's too soon", said Rio Tinto Canada's manager of media relations, Claudine Gagnon.

Kenichi Kobayashi, minister of economic affairs for the Embassy of Japan, gave an overview of the new Trans-Pacific Partnership, which he calls TPP11. Navarro said on CNN's "State of the Union" program that there would be no spared procedure for distinct cases where we need to have dispensation so that business could advance in a fair manner.

"Donald Trump doesn't care much about the rules", he said. From Capitol Hill, to cable TV, to the Wall Street Journal editorial pages, numerous commentators ridiculed the idea of a supposed national-security tariff applied to Canada.

The EU represents many top United States trading partners, including Germany, the UK, France and Italy.

Tariffs may be a partial remedy for the American steel and aluminum industries, but they should be implemented carefully.

"We are continuing to push on getting the right deal for Canada, getting the right deal for Canadians, getting the right deal for everyone", Trudeau said in a separate interview on Breakfast Television. But it's not clear what would happen if those talks fall through. As American employers worry about access to foreign workers, Canada is offering a two-week fast-track employment permit for certain workers, dubbed the "global skills strategy visa".

"They are overplaying their hand", former Mexican trade negotiator Antonio Ortiz-Mena said. "We're comfortable that we're going to manage through this so that it is not detrimental to our growth projections", he said.

Even looking strictly at goods, the deficit is not large compared with years past. Treasury Secretary Steven Mnuchin echoed some of Ryan's sentiments when he spoke to lawmakers regarding current NAFTA negotiations.

"All of those commodities are denominated in USA dollars", said Eric Theoret, a currency strategist at Scotiabank.

Mexico is the fourth biggest supplier of steel to the U.S., accounting for 9.3% of total imports, according to S&P Global Platts. Canada is the top supplier of both to the US, with $15 billion a year in combined sales.