Iain Duncan Smith: Trump Is Wrong On Steel, But Chinese To Blame

Freeland noted that the United States has a US$2 billion trade surplus with Canada in steel, and that "roughly half" of all USA steel exports go to Canada.

Canadian Finance Minister Bill Morneau told Mnuchin the United States tariffs would harm both countries and should be rescinded, repeating declarations made in public, according to a person familiar with the meeting.

"We could see a political mobilization from President Trump's electoral base to warn him that the effects could be very damaging and that they could even cost him at the [midterm] elections in November", the organization said in a statement.

Japanese Finance Minister Taro Aso criticized Washington's decision as "deeply deplorable", adding that it was the "US against everyone else". "But this is a very rare case where opposition against the United States was unanimous", Aso told reporters.

Japanese Finance Minister Taro Aso told reporters he "felt sorry" for Mr. Mnuchin, given that the Treasury Secretary is not directly responsible for USA trade policy.

While Europe's foreign policy chief Federica Mogherini insisted that the European Union was "not at war with anyone", the bloc's trade commissioner Cecilia Malmstrom said Brussels would challenge the tariffs at the WTO.

Now, both of those men have left the White House, and Trump has gravitated instead toward seeking the counsel of trade hardliners like Commerce Secretary Wilbur Ross, senior adviser Peter Navarro, and U.S. Trade Representative Robert Lighthizer.

The Canadian government said they were targeting 16.6 billion Canadian dollars, or roughly $12.8 billion United States dollars.

The announcement follows through with a promise President Donald Trump frequently made out on the campaign trail that he would retaliate against countries he viewed as having unfair trade relationships with the United States.

The decision by the American leader to slap 25 percent and 10 percent tariffs respectively on the metal imports was wrong and illegal, the International Trade Secretary insisted.

They come as the two countries, along with Mexico, try to hammer out a renegotiated North American Free Trade Agreement and a week before Trump sets foot on Canadian soil for the first time as president, in the G7 summit that Trudeau is hosting in Quebec.

"These unilateral tariffs, imposed under a false pretext of safeguarding US national security, are inconsistent with the United States' worldwide trade obligations and WTO rules", Chrystia Freeland, Canada's minister of foreign affairs, said in a statement.

When Canada later responded with it's own tariffs on American steel and aluminum, some local american news outlets didn't blink an eye. It has also filed its own complaint about the U.S. tariffs at the WTO.

"You keep talking about China!"

Malmstrom said "The United States is playing a unsafe game".

On Friday morning, the official agenda was re-arranged in order to focus immediately on the US tariffs. Trump announced last month that he was pulling the United States out of an worldwide nuclear agreement with Tehran.

"There were several issues discussed at the G7 over which there was no agreement".

  • Leroy Wright