USA will temporarily exempt Canada and Mexico from tariffs

USA will temporarily exempt Canada and Mexico from tariffs

White House spokeswoman Sarah Sanders told a media briefing "there are potential carve-outs for Mexico and Canada based on national security, and possibly other countries as well". Steve Mnuchin said yesterday that Canada and Mexico might be granted exemptions from the steel and aluminum tariffs - but only if they bow to US demands in renegotiating NAFTA.

But the proposal has stoked fears of a trade war-a European Union trade leader has threatened to impose tariffs on US -made products like steel, cars, cranberries, orange juice, and Kentucky's signature product-bourbon.

They said the administration should also regularly review the measure to determine whether it is having the intended effect.

Despite the threat of an impending trade war, Asian shares performed better overnight as the concessions for Canada and Mexico suggested that the policy would not be as severe as feared.

Prime Minister Justin Trudeau said he wants to withhold judgment until the final details are out.

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If Nafta talks fall through, Canada and Mexico would face the same tariff as other nations, expected to be 25 percent on steel and 10 percent on aluminum.

Cohn, the director of the National Economic Council, has been the leading internal opponent to Trump's planned tariffs on imports of steel and aluminum, working to orchestrate an eleventh-hour effort in recent days to get Trump to reverse course.

More than 100 members of President Trump's own party signed a letter addressed to him Wednesday, expressing "deep concern" over his proposed tariffs and asking him to reconsider. She said the decision would be based on national security, and that other exemptions might be made on a "case-by-case" basis.

"We have state senators from both the Republicans and Democrats, so it was quite unprecedented for us to have a consensus on this issue where we both recognized that this would be damaging for both jobs in the USA and jobs in Canada", Sucha said Wednesday.

Not even a week after Trump announced he was slapping new tariffs on aluminum and steel, Hill Republicans have lost a once unlikely but key ally in the White House.

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"We know that the end is in sight", said Dale Lee, president of the West Virginia Education Association.

However, according to The Wall Street Journal, at the White House yesterday, aides began preparations for the ceremony ushering in a turn in trade policy that could recalibrate relations between the USA and its allies and trading partners.

International Monetary Fund chief Christine Lagarde warned "nobody wins" in a trade war, saying it would harm global economic growth. The losses deepened after Trump suggested on Twitter that the USA may impose penalties on China as part of intellectual property disputes.

The Washington Post reported last week that Trump plans to visit the San Diego area to view the eight, 30-foot-tall border wall prototypes that have been erected in Otay Mesa.

Canada is the No. 1 exporter of steel and aluminum into the USA, which is looking to impose tariffs under a rarely used national-security provision in a 1962 law, which some critics have called either illegitimate or likely to start copycat measures that threaten the worldwide trading system. The European industry also continues to have economic clout, generating annual sales of around 170 billion euros, accounting for more than 1 percent of EU gross domestic product and directly providing over 300,000 jobs.

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