Trump says USA farmers have been treated 'unfairly' in trade talks

Marcus Newton
June 5, 2018

Last week Canada responded to punitive U.S. import taxes levied on Canadian steel and aluminum by U.S. President by Donald Trump, announcing it will retaliate with the same tariffs starting at the end of June.

The escalating trade conflict comes as months-long talks toward reworking the North American Free Trade Agreement appear to have collapsed. "It simply makes no sense to start a trade war with Canada, the European Union and others who are engaged in fair trade, are not cheating and where workers are paid a living wage with good benefits". "In this case, it is simply a response to a first action", Guajardo told Mexican radio. Officials from both countries accuse the U.S. of protectionism. "There's some early signs that that may be possible", Kudlow said.

China reiterated its threat on Sunday in the wake of the Trump administration saying the trade war was "on hold" and then back on again.

With President Donald Trump about to visit Canada for a G7 meeting, and a conference on U.S.

Canada has responded to US tariffs on steel, aluminum and maple syrup with $16.6 billion worth of tariffs on USA products including beer, toilet paper and whiskey.

As the finance ministers and central bank governors met for the final day of a three-day meeting in Whistler, Canada on Saturday, US Treasury Secretary Steven Mnuchin took the brunt of the criticism.

The White House invoked national security concerns last week as justification for the metals tariffs, which it is also imposing on imports from Mexico and the European Union.

Calling Trump a "trade reformer", Kudlow said the president has been committed to protecting USA workers and jobs from a trade system that "is not working" ever since "day one" of his administration.

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The Financial Post led with the fact that the other six members - Canada, France, Germany, Italy, Japan and the United Kingdom - had issued a statement critical of recent US actions. "We're that interconnected, so we want a win/win, and that's what we've been working toward". They report a really high surplus on trade with us.

About halfway through the above clip, after Kudlow praises Trump's trade policy extensively, Wallace shows a clip from March when Kudlow was an analyst for CNBC. The administration is relying on an obscure law, Section 232 of the Trade Expansion Act of 1962, which authorizes the secretary of commerce to conduct comprehensive investigations to determine the effects on US national security of imports of any article.

Following a meeting of G7 finance ministers in Canada, France's Bruno Le Maire said the summit had been "more a G6 plus one than a G7".

"Exports accounted for more than $53 of the average $149 value of a hog previous year and support over 110,000 U.S.jobs", said NPCC Chairman Jim Heimerl in a press release.

The U.S.is a vastly larger economy than Canada.

If the WTO hears the complaint, Georgetown law professor Jennifer Hillman says the chances that the organization would side against the USA are extremely strong because, "it's a very clear case of a violation".

Freeland and the Canadian government pegged the total value of the goods subject to the Canadian tariffs at 16.6 billion Canadian dollars, or roughly $12.8 billion USA dollars.

Other reports by MaliBehiribAe

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