KXIP vs KKR Live Score

Freeland was speaking to CNN's Dana Bash on the network's "State of the Union" Sunday about the White House's recent decision to slap Canada, as well as Mexico and the European Union, with a 25 per cent tariff on steel and a 10 per cent tariff on aluminum.

The US president's imposition of tariffs on steel and aluminium last week and the apparent impasse in US/Chinese trade talks has set the world's biggest economies on a collision course and provoked fear of tit-for-tat measures escalating into a global trade war.

Scott Homstead's business, Tri-Steel Manufacturing, is right in the middle of the trade war. "In this case, it is simply a response to a first action", Guajardo told Mexican radio.

He said that Canada, for example, "just kicks us on lumber and puts people out of work in Maine".

"Oh, it might, I don't deny that", Kudlow said.

"I strongly support imposing stiff penalties on countries like China, Russia, South Korea and Vietnam to prevent them from illegally dumping steel and aluminum into the USA and throughout the world", Sanders continued. "Don't blame Trump. Blame China, blame Europe, blame NAFTA, blame those who don't want reciprocal trading, tariff rates".

In June 2017, Ottawa announced a C$867 million ($670.6 million) package for softwood lumber producers hit by USA tariffs, and officials said they were looking at similar measures.

"We are seeing steel coming from destinations where the industry is frankly not used to seeing it" the steel association president said.

"It is right to seek to defend our domestic industries from both the direct and indirect impacts of these US tariffs".

Based on the solid rally in the stock market, I think investors are saying the countries involved don't have the fire power to retaliate strong enough to disrupt the USA economy or dramatically effect corporate earnings.

"The U.S. has made such bad trade deals over so many years that we can only WIN!" he wrote.

Let's make sure regardless of what happens with tariffs, we don't lose our competitiveness. Meanwhile, the Chinese have vowed to strike back against the Trump administration's tariffs on $50 billion worth of Chinese goods with new duties on USA products. U.S. Commerce Department numbers show the U.S. recorded a trade surplus with Canada for each of the past three years.

G7 officials conveyed "unanimous concern and disappointment"...

The EU, Mexico and Canada have all set out plans for retaliatory tariffs on United States goods. Their largest market is Mexico, which announced plans to target USA apples.

"Mexico categorically rejects any unilateral, protectionist measures that distort trade in North America", the country's under-secretary of foreign trade, Juan Carlos Baker, said in tweet.

The real threat China presents to the USA economy and US businesses is not a trade imbalance, but unfair trade practices such as discriminatory market access, including foreign ownership restrictions, forced technology transfers as a condition of doing business in China, and outright intellectual property theft.

"I don't think in any way the U.S. is abandoning its leadership in the global economy, quite the contrary".

Canadian officials and much of USA industry consider this a poison pill and Trudeau said no meeting occurred as a result.