Offbeat Merkel: EU will retaliate against Trump tariffs

06:00  11 june  2018
06:00  11 june  2018 Source:

Canada is slapping tariffs on $12.8 billion of US goods — here are the states that stand to lose the most

  Canada is slapping tariffs on $12.8 billion of US goods — here are the states that stand to lose the most President Donald Trump announced steel and aluminum tariffs on Canada.Prime Minister Justin Trudeau announced that Canada will impose retaliatory tariffs on $12.8 billion worth of US goods in response to Trump's metals tariffs.

The EU confirmed Thursday that it would retaliate against steel and aluminum tariffs imposed by U.S. President Donald Trump , in what many European Merkel warns of tough G7 talks despite ‘goodwill’. There is ‘no sense in papering over divisions’ at June summit, German chancellor tells parliament.

Chancellor Angela Merkel said Europe must be ready to respond to Donald Trump 's trade war. The EU rejected Mr Trump ’s argument that the tariffs are required for national security reasons. It has threatened to slap retaliatory duties on around 2.8 billion euro (£2.4 billion) worth of US steel

Angela Merkel et al. that are talking to each other © Provided by The Hill

German Chancellor Angela Merkel said in a new interview Sunday that the European Union (EU) would follow Canada's move and forge ahead with its plan to implement counter-measures in response to President Trump's decision to levy tariffs on the 28-member bloc.

"We won't allow ourselves be ripped off again and again. We will act too," Merkel told German broadcaster ARD.

The chancellor also addressed concerns that Trump would hit back by implementing new tariffs on German vehicles, saying, "We will try to see if we can stop this from happening... And then hopefully the EU will respond again in the same unified way."

Trump: 'UNFAIR' trade practices can 'no longer be tolerated,' US 'must be treated fairly'

  Trump: 'UNFAIR' trade practices can 'no longer be tolerated,' US 'must be treated fairly' President Trump on Saturday said “UNFAIR” trade practices can “no longer be tolerated,” noting the U.S. “must be treated fairly.” The president suggested that the country’s trade practices prior to his administration was “not Free or Fair Trade,” but “Stupid Trade.”“The United States must, at long last, be treated fairly on Trade. If we charge a country ZERO to sell their goods, and they charge us 25, 50 or even 100 percent to sell ours, it is UNFAIR and can no longer be tolerated. That is not Free or Fair Trade, it is Stupid Trade!” Trump tweeted Saturday afternoon.

Angela Merkel has suggested Europe could enter a trade war with the US if Washington does not continue to exempt the EU from import tariffs it has placed on much of the White House criticises China for retaliatory tariff hike. China hits back at Donald Trump with tariffs on bn of US imports.

Beijing will respond negatively to President Donald Trump 's announcement of tariffs on steel and aluminum imports, a former U.S. ambassador to China said. "China will probably take retaliatory actions in some form," Max Baucus told CNBC on Friday.

Her comments came amid the escalating fallout from a contentious meeting between Trump and other world leaders at the Group of Seven (G-7) Summit in Canada over the weekend.

Trump left the meeting between the world's leading industrialized countries with a warning to U.S. allies, saying that if they don't remove trade barriers with the U.S. then they will face consequences.

Later on Saturday, after Canadian Prime Minister Justin Trudeau said all seven nations had signed a joint communique at the end of the summit, Trump angrily lashed out on Twitter, stating the U.S. would not endorse the statement.

"Based on Justin's false statements at his news conference, and the fact that Canada is charging massive Tariffs to our U.S. farmers, workers and companies, I have instructed our U.S. Reps not to endorse the Communique as we look at Tariffs on automobiles flooding the U.S. Market!" Trump tweeted.

Merkel predicts 'contentious' G7 summit with Trump

  Merkel predicts 'contentious' G7 summit with Trump The German leader said Wednesday she expected "contentious discussions" at a G7 summit this week, given differences with U.S. President Donald Trump on trade, climate and security. Speaking two days before the Canada meeting of the club of major industrialized democracies, Merkel also said the leaders may not necessarily manage to agree on a final joint statement."I think everyone knows there will be difficult discussions there, because G7 summits deal with the global economy, trade, climate protection, development — and foreign policy," she told the German parliament.

BRUSSELS today warned US President Donald Trump it will “ retaliate ” if he goes ahead with plans to increase tariffs on imported steel for national security reasons The EU has said it will ' retaliate ' against Donald Trump . Merkel and Trump braced for G20 clash: Germany to make free trade call.

'Germany vs the rest of Europe ' Trump tariffs to rupture EU with backlash against Merkel . Canada and Mexico, who were also hit by the tariffs , are still planning their own retaliatory moves.

His comment sparked a new diplomatic spat between Trudeau and the Trump administration and led Merkel to criticize the U.S. president's handling of the matter.

"The withdrawal by tweet is of course sobering and a bit depressing," she said.

She also spoke about Trump's suggestion that Russia be readmitted to the G-7, from which it was booted after its annexation of Crimea from Ukraine in 2014. Merkel said that while she could imagine such a scenario in the future, Moscow would first have to make real progress on a viable peace plan for the country.

The German chancellor's comments on Sunday come after Trudeau announced that Canada would implement its own retaliatory tariffs on the U.S. Trump had given Canada, the EU and Mexico temporary exemptions from the steel and aluminum tariffs he first announced in March, but said at the end of May that he would be ending the exemptions.

Trump threatens to hit China with new tariffs on $200 billion in goods .
U.S. President Donald Trump threatened on Monday to impose a 10 percent tariff on $200 billion of Chinese goods, escalating a tit-for-tat trade war with Beijing. Trump said in a statement he had asked the U.S. trade representative to identify the Chinese products to be subject to the new tariffs. He said the move would be in retaliation for China's decision to raise tariffs on $50 billion in U.S. goods."After the legal process is complete, these tariffs will go into effect if China refuses to change its practices, and also if it insists on going forward with the new tariffs that it has recently announced," Trump said.


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