'Didn't You Guys Burn Down White House?': Trump Justifies Tariff War

Coffman's campaign manager, Tyler Sandberg, disputed the charge, saying that Coffman opposed Trump's actions to raise tariffs on Mexico and other countries. "Right now they are getting chaos and protectionism". USA stocks were trading higher on Wednesday.

The conflict was provoked by a decade of British provocations against the United States, including impressing American sailors, imposing restrictions on American trade and providing support for Indian attacks on frontier settlements.

The United States announced last Thursday that it would impose 25% and 10% duties on steel and aluminum from Mexico, Canada and the European Union, prompting Mexico's government to strike back swiftly by announcing it would impose its own "equivalent measures."

Trump will be seeing numerous G-7 leaders again soon.

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

The list includes whisky, cheese, steel, bourbon, and pork. The order stipulates charges of 15 percent to 25 percent on USA farm goods including pork, cheese, apples and potatoes, bourbon whiskey and cranberries.

The reports do not say what types of penalties are being looked at.

When it comes to pork and other porcine products, Mexico is the biggest importer of goods produced in the U.S.by volume, and pork producers in the country will now be subject to a tariff of 20 percent on a range of goods, including pork leg and shoulder, and ham, according to a Mexican presidential decree that announced the tariffs.

"The toll on rural America from escalating trade disputes with critically important trade partners is mounting", he wrote in a statement. A small amount could be diverted to processing for juice and other products, and some leftover apples could be fed to livestock. The moves follow a similar announcement from Canada. At that point, Macron said he believed he could persuade the US remain in the Iran accord and forgo any tariffs against the European Union.

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However, one Mexican producer disagrees with Hernández's assessment that pork prices won't rise. "We think that demonstrating the strength of NAFTA as a solid community as we take on the world is very much in all three of our advantages, and we're going to continue to negotiate that way".

"In no way is this [tariff list] publication revenge".

The reaction of the EU, Canada and Mexico raises the possibility the U.S.is facing down a full-blown trade war - even as it does the same with China.

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 USA would only agree to such a meeting if Canada accepted a sunset clause.

The EU and Canada were originally shielded from the aluminum and steel tariffs, but Trump ended that exemption last week.

U.S. President Donald Trump "will be sticking to his guns" at the upcoming Group of Seven summit despite criticism of his trade policies from allies, one of his key economic advisers told reporters Wednesday.

Ottawa is also frustrated with the slow-moving talks to update the North American Free Trade Agreement, the 1994 agreement between Canada, the United States and Mexico.

Canada has always been a close US ally.

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