Kudlow: Trump Is 'Seriously Contemplating' Separate Trade Deals with Mexico and Canada

Eileen GuzmanJun 07, 2018

Kudlow said he spoke with one of Canada's "top people, right next to the prime minister" yesterday about the president's "new thinking", and is now awaiting a response from Canada that could come as early as today.

The Trump administration used national security grounds as justification for the tariffs, invoking a little used provision of a trade law from 1962.

The problem with that remark is that British troops were actually responsible for burning down the White House during the War of 1812.

The EU and Canada have also promised retaliatory tariffs.

President Donald Trump referenced the War of 1812 in an attempt to needle Canadian Prime Minister Justin Trudeau during a recent conversation focused on tariffs, CNN reported Wednesday.

Mr Trump introduced tariffs of 25 per cent on steel and 10 per cent on aluminium from the EU, Canada and Mexico last week.

Trudeau was ready to fly to Washington to get final details settled on NAFTA last week, but says Vice-President Mike Pence told him the US would only agree to such a meeting if Canada accepted a sunset clause. In addition, China would buy more US crude oil and natural gas exports to quench its thirst for energy.

In talks in Beijing over the weekend, China offered to buy close to $70 billion in US agriculture, energy and manufacturing products over a year as part of a package meant to ward off USA tariffs, according to a person briefed on the talks with the White House.

When asked whether or not they think Trump's actions will cause a trade war, 62 percent of participants said it is likely, with 20 percent saying that result is unlikely and 19 percent stating they had no opinion.

Mexico has imposed new import tariffs on US goods, including pork products. It was, but mostly because the USA kept invading its territory, hoping to make Canada the prize of victory.

Officials in Brussels, who are leading the member states' response, said nations had given broad support for a plan to set duties on €2.8bn (£2.5bn) of U.S. exports.

The Trump administration placed a 25 percent tariff on steel and 10 percent tariff on aluminum with the aim of propping up USA metals manufacturers. -Canada relationship - as well as the effort by Canadian politicians of different stripes to appear united when they press Washington on trade issues.

The Mexican tariffs, announced last week, officially took effect Tuesday.

Adding to the uncertainty is European anger over Trump's decision to pull the United States out of the global nuclear agreement with Iran.

Ministers from Germany, France and Britain have already written to USA officials urging them to shield European companies working in Iran from getting caught up in Washington's new sanctions on Tehran.

Despite the G7's efforts to coax the Trump administration away from a go-it-alone approach, some analysts now question whether Washington remains committed to basic policies that have upheld the post-World War Two worldwide economic system.

"Two hundred years ago, the United States invaded our territory", a narrator ominously said in one government ad.

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