U.S. President Donald Trump said Thursday they would be instituting tariffs on imports of steel and aluminum next week, adding that NAFTA and the World Trade Organization have been a "disaster" for the U.S.
Foreign Affairs Minister Chrystia Freeland tells Mercedes Stephenson the threat of not ratifying the new NAFTA was the bargaining chip needed to get U.S. President Donald Trump to cancel steel and aluminum tariffs placed on Canadian products.
U.S. Republican lawmakers warned President Donald Trump over his threats to tax imports of steel, aluminum and potentially European carmakers, saying it would harm consumers and manufacturers in the country.
U.S. President Trump's administration is planning to impose tariffs on Canadian steel and aluminum imports as a deadline is set to expire on Friday, a move that could provoke retaliatory tariffs as NAFTA talks continue.
Prime Minister Trudeau said Friday that he has spoken in the past with President Donald Trump about the close U.S.-Canada trade ties, but did not provide details on any immediate talks with Trump in response to proposed tariffs placed on Canadian steel and aluminum.
Prime Minister Justin Trudeau called proposed tariffs placed on Canadian steel by the Trump administration "absolutely unacceptable," adding that "it makes no sense," as the U.S. has a $2-billion trade deficit on steel with Canada.
Ontario Premier Kathleen Wynne called U.S. President Donald Trump a "bully" on Thursday, criticizing him over the decision to impose tariffs on steel and aluminum products from Canada, saying he is a leader who "rules by tweet."
U.S. President Donald Trump said Wednesday it would be working with the European Union and other partners to reform the WTO and address unfair trading practices. He also said they would work resolve the steel and aluminum tariffs and other retaliatory tariffs.
U.S. President Donald Trump said Monday that he was 100 per cent behind his previously announced tariffs on steel and aluminum imports but would negotiate with Canada and Mexico if a good NAFTA deal is reached, but added there's "no trade war."
Parliamentary Secretary to the Minister of Foreign Affairs Andrew Leslie spoke on Thursday about the impact on the U.S. industries after the retaliatory action Canada took after steel and aluminum tariffs were imposed on Canada by U.S. President Donald Trump last year. This comes as Canada's ambassador to the U.S. said the tariffs are to be lifted in the "next few weeks."