Trump tariffs exempt Canada and Mexico

US steel tariffs impact on local farmers

'Government ministers and Theresa May must back Britain's steelworkers and manufacturing communities by securing assurances from President Trump that they will not be caught up in a global tariff war between the United States and countries such as China'. It's not like American producers will keep prices where they are and simply manufacture more steel to make up for the lost imports. "We just want fairness".

Nevertheless, flanked by steel and aluminum workers "from the heartland", Mr. Trump signed the two proclamations.

"Our industries have been targeted for years and years, decades in fact, by unfair trade practices leading to the shuttered plants and mills, laying off millions of workers and the decimation of entire communities", said Trump. The idea of putting America first, and looking out for our country before we worry about anyone else, has always been part of Trump's patter - way before he ever even considered running for president.

Leading up to Thursday's tariff signing ceremony, Republicans continued to press the president to abandon his proposal. Janesville Republican House Speaker Paul Ryan has made it clear that he is not in support of the President's move. Previously, Trump had promised tariffs on all countries.

"By these tariffs going into place, it gives us the ability to come back to 100 percent capacity", said one steel worker from Kentucky.

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Sen. Ron Johnson (R-Wis.), speaking on CNN on Thursday morning, called Trump's tariff plan "risky" and "dangerous". "Launching an all-out trade war will alienate the allies we need to actually solve the problem of steel dumping, and could have huge unintended consequences for American manufacturers who depend on imported materials".

"It's still big trouble, I think " says University of Toronto steel analyst PeterWarrian.

USA allies seeking to avoid the steel and aluminum tariffs approved by President Donald Trump might be asked to step up their financial commitments to North Atlantic Treaty Organisation.

The US will add a 25% import tax to any batches of steel and 10% to any lots of aluminum shipping from anywhere in the world but Mexico and Canada, he said. Temporarily exempted are close trading partners Canada and Mexico, who together supply almost one-quarter of steel imported into the U.S. Canada is the biggest supplier of both imported steel and imported aluminum to the U.S. "We have to protect & build our Steel and Aluminum Industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military", the president tweeted.

"Exemptions will not address the fundamental problems tariffs will create for USA vehicle and truck manufacturing", said John Bozzella, president of the Association of Global Automakers, which represents worldwide brands in the U.S. Paik Un-gyu, the country's minister of trade, industry and energy, said in a meeting Friday with senior officials from Korean steelmakers. "This is a very important matter for Australia, it's also a very important principle", Bishop told Australian Broadcasting's AM program. We have a trade surplus with Australia. Great country. Long-term partner.

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