Economist: US tariffs would impact Estonia via European Union economy

Economist: US tariffs would impact Estonia via European Union economy

"These tariffs are an affront to the longstanding security partnership between Canada and the United States", he said.

The Trump administration is planning to impose hefty tariffs on Canadian steel and aluminum imports as soon as Thursday - a move that threatens to spark a trade war and blow up already tense negotiations over the North American free-trade agreement.

Friction in Whistler could telegraph an even tenser meeting next week in Quebec, when the leaders of the G-7 meet, including President Trump and Canadian Prime Minister Justin Trudeau.

He affirmed that President Trump would attend the G7 next week in Canada.

"You all know what's like, when you have discussions with the neighbour about something", joked Trudeau. As for the U.S.'s national security argument, Fox said, "In the case of the United Kingdom, we send steel to the USA that is vital to their defence industry; it is patently absurd". It's the USA businesses and individuals who purchase those products.

We need a trade policy that is fair to American workers, not just large multi-national corporations. "From the beaches of Normandy to the mountains of Afghanistan, we have fought and died together", Trudeau told moderator Chuck Todd.

"We talked about how hard this was going to be in terms of a turning point in the Canada-U.S. relationship", Trudeau noted.

Freeland is making the announcement alongside Prime Minister Justin Trudeau following word from the White House that the US will slap tariffs on Canadian, Mexican and European Union steel and aluminium as of midnight Thursday night.

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Regarding the dispute with the United States, the EU says in a document submitted to the WTO that USA tariff measures "adversely affect exports of these goods from the European Union to the U.S.".

"Today is a bad day for world trade", European trade commissioner Cecilia Malmström said in a statement.

The global response to the action was swift.

Europe is the biggest exporter of steel to the United States, accounting for almost 5 million tonnes out of total USA imports of about 35 million tonnes a year.

Trudeau cited the use of Canadian aluminum in American military infrastructure and blasted the notion of his country being considered a security threat as "inconceivable".

In the United States, tariffs - also called duties or levies - are collected by Customs and Border Protection agents at 328 ports of entry across the country. "The impacts of the disputes have been limited so far, but the economic and political costs will go up as retaliation by trading partners begins in earnest". The EU Commission, the bloc's executive, said the measures could enter into force on June 20 at the earliest.

Asked whether or not at the end of the day all political figures engaging with Trump are at his whim, Freeland said: "I will leave you and Canadian journalists and Canadian citizens to judge the steadiness or otherwise of this US administration". It's illegal. It's immoral.

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