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Trudeau accuses China of 'dumping' steel on global markets

Trudeau accuses China of 'dumping' steel on global markets

"We're going to hold off the tariff on these two countries to see whether or not we can make a successful deal on NAFTA", he said during a signing ceremony for the two proclamations that will impose the 25 percent tariff on steel imports and 10 percent tariff on aluminum.

Eduardo Solis, president of the Mexican Automotive Industry Association and a former trade negotiator, said the US already was going out on a limb by claiming that the steel and aluminum tariffs were needed for national security.

His Foreign Minister, Chrystia Freeland, will be in Washington tomorrow and Thursday to "advance Canada's efforts to keep trade open, fair and barrier-free, to benefit people on both sides of the border", her ministry said in a statement.

"The exemptions aren't a magical favour that was being done (for Canada)", Trudeau said.

Prime Minister Justin Trudeau is heading to Canadian steel country this week on a three-day tour created to shore up the industry. He added that national security was an important part of that deal and, if a deal is made, "this will figure into the deal and we won't have the tariffs on Canada or Mexico". In Trudeau's view, the US wasn't just helping Canada - it helped itself by refraining from slapping tariffs on its No. 1 supplier of both steel and aluminum.

NAFTA talks started seven months ago and the U.S.is starting to get antsy about getting a deal.

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"(We're) highlighting that the imposition of tariffs on Canada would end up hurting the USA nearly as much as it would hurt Canada". Mexican federal elections scheduled for July 1 and US congressional elections in the fall are adding pressure, as changes of government as a result of either could affect both getting a deal and getting it ratified.

NAFTA talks might now enter an intense phase: "President Trump emphasized the importance of quickly concluding the ongoing NAFTA negotiations", said a readout from the White House on Monday's call with Trudeau.

Trudeau's view has prominent support: A newly released poll of leading economists organized by the University of Chicago has found rare unanimity on the topic, with zero per cent of economists surveyed saying they believe tariffs will help Americans.

"I told the president that imposing tariffs on steel and aluminum does not help with regard to NAFTA..." The tour was planned before the tariff exemption was confirmed but will still go ahead despite the exemption, with stops in Alma., Que, Hamilton, Ont., Sault Ste.

He said he and Trump also "welcomed and encouraged the progress being made on negotiation of the renewed North American Free Trade Agreement" and discussed an opioid crisis affecting both nations.