2:19
- ABC News
- Donald Trump
- March 5, 2018
Trump: Canada, Mexico tariffs tied to trade deal
The trade deal is now nearing the end of a year-long renegotiation process.
2:19
...treat our farmers much better. Highly restrictive. Mexico must do much more on stopping drugs from pouring into the U.S. They have not done what needs to be done. Millions of people addicted and dying.
— Donald J. Trump (@realDonaldTrump) March 5, 2018
Trump announced his plans to impose a 25 percent tariff on imported steel and a 10 percect tariff on imported aluminum late last week, during a meeting with Secretary of Commerce Wilbur Ross and industry executives.
\"It'll be for a long period of time,” the president said about the proposed tariffs, which he said were being written and would be signed this week. \"We’re going to build our steel industry back, we’re going to build our aluminum industry back.\"
The announcement was linked to steep drops in the stock market at the end of last week. Some Republican lawmakers criticized the deal, fearing increased costs to American consumers.
Some Democratic lawmakers heralded the deal for protecting American industries.
![\"PHOTO:](\"http://a.abcnews.com/images/Politics/GTY-Nieto-Trump-MEM-170707_4x3t_384.jpg\")
Others expressed concern that such a policy could launch a global trade war, following rebukes from the officials in Canada, China, the European Union and other countries.
But Commerce secretary Ross dismissed that notion in an interview with ABC News Chief Anchor George Stephanopoulos on \"This Week\" Sunday.
\"It's some $3 billion of goods that the Europeans have threatened to put [tariffs] on,\" the commerce secretary said. \"Well, in our sized economy, that's a tiny, tiny fraction of one percent. So while it might affect an individual producer for a little while, overall it's not going to be much more than a rounding error.\"
Chrystia Freeland, Canada's minister of foreign affairs, released a statement in response to the proposal last week.
\"Canada would view any trade restrictions on Canadian steel and aluminum as absolutely unacceptable,\" the statement read.
![\"PHOTO:](\"http://a.abcnews.com/images/Politics/trump-trudeau-02gty-rc-180305_3x2_384.jpg\")
\"Any restrictions would harm workers, the industry and manufacturers on both sides of the border,\" Freeland said. \"The steel and aluminum industry is highly integrated and supports critical North American manufacturing supply chains. The Canadian government will continue to make this point directly with the American administration at all levels.\"
But on \"Fox and Friends\" Monday morning, White House trade adviser Peter Navarro made it clear that the president is still pursuing the tariffs for all countries.
He reiterated the levels proposed, saying, \"25 percent on steel and the 10 percent on aluminum -- no country exclusions, firm line in the sand.\"
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