Trump wants fair NAFTA to avoid steel, aluminium tariffs

Trump wants fair NAFTA to avoid steel, aluminium tariffs

Ryan spokeswoman AshLee Strong said in a statement, "We are extremely anxious about the consequences of a trade war and are urging the White House to not advance with this plan".

Ryan declined to answer a question on whether he was making headway in his conversations with Trump.

"We're not backing down", he told reporters on Monday.

"We have large trade deficits with Mexico and Canada".

28% of independents supported the tariffs, while 55% said they were against them.

"Kooky 18th-century protectionism will jack up prices on American families - and will prompt retaliation from other countries", GOP Sen. "We also have to be this stupid", he said in Hamburg on Friday evening. "You'll have to regrow your industries, that's all I'm asking", Trump said.

Meanwhile, Bloomberg reports that sources say White House Economic Advisor Gary Cohn, who opposes the tariffs, wants executives from American companies that rely on aluminum and steel to meet this week with the president.

Peter Navarro, the director of the White House National Trade Council, said Sunday that there would be no exceptions to the new tariffs, which will add a 25% tax on steel imports and 10% on aluminum.

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The announcement saw world stock markets plunge, while many U.S. commentators - including from President Trump's own party - raised concerns about potential higher costs for usa manufacturers.

French President Emmanuel Macron said Monday the European Union must "react quickly" to U.S. plans that clearly breached WTO rules.

Trump appeared unconcerned by fears of a "trade war" between various countries over his proposed tariff.

The latest round of a almost year-long NAFTA renegotiation effort is concluding this week in Mexico City and Mr Trump's comments and tweets earlier in the day suggested he was also using them as leverage in the current talks.

And more than five jobs would be lost for every one gained under the tariffs, according to the Washington, D.C. -based economic consulting firm.

Officials within Alberta's steel industry are feeling uneasy about comments by U.S. President Donald Trump. Lindsey Graham said the sweeping action would let China "off the hook". It's only going to hurt American consumers and our allies. "We will never hide or seek to hide behind trade barriers to shield ourselves from our lack of competitiveness".

The Constitution gives Congress the authority over taxation and tariffs, but Congress has delegated trade negotiation and tariff authority to the president over recent decades. "First and foremost, it's bad for the American worker". Our jobs and wealth are being given to other countries that have taken advantage of us for years.