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13 March 2018, 06:10 | Marta Robbins
In Our Opinion: Trump must be careful in trade disputes
"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".
The EU is seeking to be exempted from planned U.S. import duties of 25 per cent on steel and 10 per cent on aluminium, but says Washington has not made clear how the exemption process works. Canada and Mexico were temporarily exempted pending a NAFTA agreement and rumors over the weekend indicated Australia may be next to escape.
"In some places, trade has been blamed for the pains of globalization, others use it as a scapegoat and insist that we can hide behind walls and borders", EU Trade Commissioner Cecilia Malmstrom said at a conference in Brussels on Monday.
Trump also emphasized the importance of quickly concluding negotiations on the North American Free Trade Agreement (NAFTA) "to ensure the vitality of United States and North American manufacturing industries and to protect the economic and national security of the United States", the statement said. Talks would continue next week.
"On our end we are going to vigorously defend supply management", Couillard said, adding Quebec's farmers have already given up market share for other recently negotiated trade deals.
Japanese Trade Minister Hiroshige Seko said he had expressed Japanese concern to Lighthizer and warned of major market disruption.
Liam Fox, Britain's global trade secretary, told the BBC on Friday he would "be looking to see how we can maximize the U.K.'s case for exemption" when he visits Washington next week.
Joseph Galimberti says Canada has to work very quickly to identify possible attempts to circumvent the US tariffs by sneaking steel in through Canada and must be prepared to act to stop this.
German chancellor Angela Market also called for the European Union to be exempted from the tariffs. "We will look at the impact onJapanese businesses and make a final decision". Seko also said these exports had made key contributions to US industries and jobs, the statement said without elaborating.
The visit had been planned for weeks as a follow-up discussion on over capacity, seen by observers as a swipe at China.
Prime Minister Justin Trudeau dispelled that notion in a phone call to the president on March 5, followed by numerous calls to business and congressional leaders including the heads of the both houses of Congress.
The Commission said it expected to be in contact with Washington over the metals tariffs this week, but that no formal talks had been scheduled.
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