Trump's trade tensions with G7 'a family quarrel,' Kudlow says

07 Junio, 2018, 01:57 | Author: Arnold Perez
  • Prime Minister Justin Trudeau and U.S. President Donald Trump take part in a joint press conference at the White House in Washington D.C

Trudeau has publicly denounced the "national security" justification for the new tariffs.

This all comes as the White House also tries to push for bilateral trade deals with Canada and Mexico instead of the current NAFTA talks.

The White House was burned by British troops in 1814 as part of a failed invasion of the mid-Atlantic, more than 50 years before the signing of Canada's confederation paved the way for the country to become independent.

Mexico imports so much United States pork - almost one-third of what's consumed - that the government says it will waive tariffs on up to 350,000 tons of pork imported from other nations to avoid destabilising the market.

Last week, the USA imposed steel and aluminum tariffs on the European Union, Mexico and Canada.

The statements follow Trump's economic adviser Larry Kudlow's interview with Fox News, during which he revealed that the United States president was looking into signing separate bilateral agreements with Canada and Mexico instead of preserving NAFTA.

Kudlow said the Trump administration remains interested in the WTO and is working to resolve some of its trade disputes through the organization, but maintained its rulings would not determine USA policies.

Heriberto Hernández, president of the Mexican Association of Pork Producers (OPORPA), said that he supports the government's decision and didn't expert Mexican pork prices to go up because "there are a lot of alternatives" to US suppliers.

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Kudlow also said he relayed Trump's message to a senior member of the Prime Minister Justin Trudeau's office.

"I know we're going to have some very, very frank conversations quite clearly around the table", Trudeau told Global TV in an interview, adding he would convey Canada's displeasure over the metal tariffs personally when he met Trump in Quebec.

Mnuchin and Kudlow are often referred to as the "globalists" in the administration and they have clashed with US Trade Representative Robert Lighthizer and White House trade adviser Peter Navarro, who are more hawkish on China.

When the British arrived at the White House, they found that President James Madison and his first lady Dolley had already fled to safety in Maryland.

Trump late last month announced that tariffs on US$50 billion worth of Chinese imports will be finalised by June 15 with investment restrictions due by June 30 and that both measures will be implemented shortly after those deadlines.

In August of 1814, the US federal capital was indeed invaded and burned by troops based in what is now Canada. US stocks were trading higher on Wednesday.

Mexico is a huge importer of American pork. "That Canada could be considered a national security threat to the United States is inconceivable". China has warned it would cancel any promises over trade with the USA if the Trump administration moves ahead with planned tariffs.

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