Stocks rise as Trump's NAFTA tweet eases trade war concern

Trump steel tariffs may leave these U.S. steelworkers jobless

Trump steel tariffs may leave these U.S. steelworkers jobless

The proposal, which is expected to be unveiled on Thursday, would give Canada and Mexico a 30-day exemption from the tariffs, the Post reported, citing administration officials.

A top Mexican strategist said such tariffs could target exports from states that voted for Trump in 2016, and which he would need to win to secure re-election in 2020.

Trump has alleged that the U.S. faced severe losses in trade pacts with Canada and Mexico, the two partners of NAFTA deal. The latest round of a almost year-long renegotiation effort is concluding this week in Mexico City.

We're not backing down, Mexico is, uh, we've had a very bad deal with Mexico, a very bad deal with Canada, it's called NAFTA.

Canada has spent 200 years being America's best friend.

"With other countries, we won't have a choice - unless they do something for us". "Millions of people addicted and dying".

A White House representative did not respond to a request for comment on Trump's statement.

If the steel and aluminum tariffs are indeed being used as leverage to squeeze Mexico and Canada on NAFTA, Lighthizer has the opportunity to come to an agreement that is in line with the president's views on immigration, and thus favorable to American workers.

Trump reportedly wants the treaty to be more fair.

Republican South Carolina Sen.

Mr. Lighthizer said the US would prefer to reach a three-way agreement on Nafta but would still consider bilateral accords if that isn't possible.

China, after all, consumes a third of the soybeans American farmers produce.

Finance Minister Bill Morneau told reporters at the same time in Vancouver that attempts by Trump to link steel tariffs with the ongoing NAFTA talks will not improve the state of negotiations.

The prime minister is hoping the rumours are true. However, she says there is much work yet to do regarding market access. Trudeau will visit four cities in Quebec, southern Ontario and Saskatchewan, all of which are home to steel and aluminum workers.

The European Union has threatened to hit big-name United States brands such as Harley Davidson motorbikes, Levi's jeans and bourbon whiskey with import duties.

Hopefully, this latest round of tough talk will translate into comprehensive action.

Both candidates in a March 13 House election in Pennsylvania have embraced the president's plans for tariffs.

"Until he actually does something I'm actually trying to tune him out".

Europeans have threatened to retaliate against Trump's metals tariffs by targeting American blue jeans, bourbon and Harley-Davidson motorcycles.

"There is always retaliation, and typically a lot of these countries single out agriculture when they do that. It's not like we can do this in my judgment, at the end of May and think we can get anything done", Lighthizer said. John Thune, R-S.D.

"This scenario would lead to the exact opposite outcome of the administration's stated objective, which is to protect American jobs, " Walker said.

That would not be good for rural Indiana.

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