'We had your backs': Trudeau on country's steel and aluminum workers


Trudeau also said it was in part due to the hard work of Canadian officials that Trump exempted Canada from the tariffs last week.

"In itself, it will not make much difference to the direction of the world economy", he said.

"Protectionism is always a political error, a historical error", said Spanish Economy Minister Roman Escolano as he arrived for regular talks in Brussels with his eurozone counterparts.

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In a letter submitted to President Donald Trump, the Auto Care Association urged the administration to reconsider imposing tariffs on imports of steel and aluminum due to unintended negative consequences it may have on the USA economy and the auto care industry.

Trump last week rolled out tariffs on steel and aluminum but said Canada and Mexico will be excluded and long-term exemptions would be based on the results of NAFTA negotiations. Politico quotes the Mexican Economy Ministry in a release that says, "The process of negotiations for the NAFTA modernization continues on a course independent of this or any other internal political measure that the US government takes".

Trudeau said he's willing to work with the US on a stronger solution.

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However, he said that Labour would "not seek to make this issue one of party political points scoring" and would work with the government to support the United Kingdom steel industry.

"The tariffs will extend an upswing in steel and aluminum prices and users' input costs. Sure, they won't stop driving, but they will have less money to spend on other stuff". Canada is the biggest supplier of those metals to the U.S. The Commission spokesman also pointed to United States import duties of up to 48 per cent on shoes, 12 per cent on textiles and 164 per cent on groundnuts. The US trade action could force Indian steel exporters to either scout for new markets or possibly counter flooding of products into the local market by other major steel exporters including from Europe.

Article I of the U.S. Constitution says only Congress has the power to set tariffs.

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French economy minister Bruno Le Maire told reporters: "We are anxious (about) the possibility of having a trade war between the United States and the European Union because we believe that there will be only losers". Other nations, like Japan, South Korea and Brazil have also called for similar treatment. It's a law passed in 1962 that allows tariffs to be imposed by the president when imports are deemed to be damaging to US national security.