•   
  •   
  •   

Money Trump threatens auto tariffs if trade talks fail

08:46  11 august  2018
08:46  11 august  2018 Source:   msn.com

U.S. trade rep calls Canada security threat

  U.S. trade rep calls Canada security threat OTTAWA - The Trump administration's point man on trade called Canada a national security threat to the United States in the face of questions over steep tariffs on Canadian steel, and the American president doubled down on the decision in a campaign-style speech. The White House's decision to impose tariffs on steel and aluminum from Canada has triggered tit-for-tat tariffs as pressure builds to complete a renewed North American free trade pact. The White House's decision to impose tariffs on steel and aluminum from Canada has triggered tit-for-tat tariffs as pressure builds to complete a renewed North American free trade pact.

Trump launched a fresh auto - tariff threat against Canada late Friday. But Canadian officials have insisted Ottawa hasn’t been sidelined during the U.S.-Mexico discussions, arguing there have been lots of bilateral talks between NAFTA partners during the year-long renegotiation process.

Donald Trump launched a fresh auto tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations Trump then sent a warning to Ottawa: "Their Tariffs and Trade Barriers are far too high. Will tax cars if we can't make a deal!" But a spokesman for

a close up of a flag© Provided by thecanadianpress.com

OTTAWA - Donald Trump launched a fresh auto-tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations as it awaits the completion of one-on-one talks between the United States and Mexico.

In a tweet that appeared to reference NAFTA's renegotiation, the U.S. president said the "deal with Mexico is coming along nicely" and that "Canada must wait."

Trump then sent a warning to Ottawa: "Their Tariffs and Trade Barriers are far too high. Will tax cars if we can't make a deal!"

Bilateral NAFTA negotiations between the U.S. and Mexico have been building momentum in recent weeks after taking a break in late May ahead of Mexico's July presidential election. The one-on-one talks are expected to extend into next week.

Global auto powers plotting response to Trump auto tariff threats

  Global auto powers plotting response to Trump auto tariff threats Global auto powers plotting response to Trump auto tariff threatsThe Trump administration has come under heavy criticism from automakers, foreign governments and others as it considers tariffs of up to 25 percent, a levy critics warn will hike vehicle costs, hurting auto sales and global industry jobs.

Trump threatens auto tariffs against Canada if trade talks fail | CBC News.

OTTAWA—Donald Trump launched a fresh auto - tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations as it Trump then sent a warning to Ottawa: “Their Tariffs and Trade Barriers are far too high. Will tax cars if we can’t make a deal!”

Canada, however, has yet to return to the NAFTA table this summer.

Some observers have raised concerns about Canada's absence from recent high-level negotiations on the three-country trade deal. There have been warnings Canada could be put in a position where it might have to accept a deal reached between the U.S. and Mexico.

But Canadian officials have insisted Ottawa hasn't been sidelined during the U.S.-Mexico discussions, arguing there have been lots of bilateral talks between NAFTA partners during the year-long renegotiation process.

To complicate matters, the already rocky Canada-U.S. relationship has deteriorated since the partners suspended talks in the spring.

Trump slapped Canada and other allies with steel and aluminum duties, which led to retaliatory levies from Ottawa. He has also made repeated threats to apply far more damaging tariffs on the deeply integrated automotive sector. And in June, Trump called Prime Minister Justin Trudeau very dishonest and weak” shortly after he left the G7 meeting in Quebec.

Canada to join Mexico, Japan, South Korea and the EU in auto tariff talks

  Canada to join Mexico, Japan, South Korea and the EU in auto tariff talks Canada will join Mexico and European and Asian auto-producing countries this week to plot strategy ahead of the potential imposition of tariffs on vehicles and auto parts exported to the United States. Japan and the European Union organized the meeting for Tuesday in Geneva, where vice and deputy ministers from Canada, the EU, Japan and South Korea will gather to talk about the punishing levies threatened by U.S. President Donald Trump.A Canadian government official told The Canadian Press on Sunday that deputy international trade minister Timothy Sargent would attend the meeting on Canada's behalf.

Trump threatens tariffs on Canadian cars - Продолжительность: 3:56 Fox Business 11 468 просмотров. Canada warns Trump not to impose auto tariffs - Продолжительность: 8:33 CBC News 34 943 просмотра.

Trump first threatened tariffs on imported European automobiles in March. Europe threatens US with new tariffs worth 0bn as trade war Trump ’s tariffs likely to fail under global anger – Nobel Prize-winning economist. US President Donald Trump recently threatened to hit imports of European

On Friday, his critical tweet about Canada made a point of praising Mexico's president-elect Andres Manuel Lopez Obrador.

"New President of Mexico has been an absolute gentleman," tweeted Trump, who also wrote that autoworkers and farmers "must be taken care of or there will be no deal."

Earlier Friday, a source familiar with Ottawa’s NAFTA effort said Canadian negotiators would not be returning to the bargaining table in Washington until the U.S. and Mexico find common ground on their outstanding issues, especially the complex sticking points around the auto sector.

If the U.S. and Mexico can resolve their bilateral differences in the coming days, the source said it's “very possible” Canada's team — potentially including Foreign Affairs Minister Chrystia Freeland — could rejoin negotiations later in the week.

Media reports said Friday's NAFTA discussions between U.S. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso Guajardo ended with bilateral work still to be done. On his way out of the meeting, reports said Guajardo indicated the two sides have made progress and will meet again next week to continue their talks for a fourth straight week.

Trump administration ups ante in trade fight with China

  Trump administration ups ante in trade fight with China U.S. now considering slapping a 25 percent tariff on hundreds of billions in Chinese imports, ratcheting up tensionsThe U.S. has already imposed 25 percent tariffs on $34 billion in Chinese imports and is readying 25 percent tariffs on another $16 billion worth to punish China for allegedly using predatory tactics to obtain U.S. technology. The Chinese have retaliated in kind.

OTTAWA – Donald Trump launched a fresh auto - tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations as it awaits the completion of one-on-one talks between the United States and Mexico.

Donald Trump launched a fresh auto - tariff threat against Canada late Friday at a time when Ottawa finds itself in a holding pattern on NAFTA negotiations as it awaits the completion of one-on-one talks between the United States and Mexico. Trump then sent a warning to Ottawa: "Their Tariffs and.

“We continue to be in the same position where Mexico and the U.S. need to continue to work out their issues,” said the Canadian source, who spoke on condition of anonymity because they weren't authorized to speak publicly about the matter.

“The next obvious question is, do we have a firm date of Canada physically going to join the talks? And the answer is no, as long as the U.S. and Mexico have not resolved their issues, specifically auto.”

The source added that Freeland and David MacNaughton, Canada's ambassador to the U.S., remain in regular contact with relevant officials from the U.S. and Mexico.

The U.S. and Mexican governments have both expressed optimism the entire NAFTA deal could be concluded before the end of the month.

MacNaughton said in an interview last week that predictions NAFTA can be settled by the end of August are “aspirational.” However, he added that he supports the effort and that Canadian negotiators are ready to work long hours to help make it happen.

Once Canada returns to the talks, the continental partners are expected to shift their focus to other tough, unresolved issues.

MacNaughton has listed some of those stubborn areas. He said they include dispute resolution, agriculture issues, intellectual property, government procurement, the proposed inclusion of a five-year sunset clause and the de minimis threshold, which is the maximum value of an item that Canadians can order from a foreign country without paying duties or taxes.

Follow @AndyBlatchford on Twitter

Tariffs hit Alberta's beer and boating sectors .
Albertans in the market for beer or boats could soon be paying more as local companies take a hit in the ongoing U.S.- Canada trade war. Some of those companies will be penalized twice by both U.S. tariffs on aluminum and steel and the retaliatory tariffs imposed by the federal government on July 1.Among them is the Canmore Brewing Company, where the president Brian Dunn is bracing for the jump in cost on his next order of 100,000 tall cans. He relies on the 16-ounce cans for about half of his sales. The aluminum is sourced in Canada but has to be sent to the U.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!