US President Donald Trump vowed Monday he will not back down on imposing steep tariffs on steel and aluminum on Canada and Mexico unless he gets a “fair” deal to revamp the North American Free Trade Agreement. He also criticized the European Union for the trade barriers on US companies and repeated his threat to slap tariffs on European car imports if Brussels retaliates against the steel tariffs. Trump’s surprise announcement last week that he plans to impose tariffs of 25 percent on steel imports and 10 percent on aluminum, sparked a fierce global response, including from NAFTA partners Canada and Mexico. Very bad deal with Canada,” Trump said. “Tariffs on Steel and Aluminum will only come off if new & fair NAFTA agreement is signed,” Trump said in one of a series of morning tweets.

Source: Manila Bulletin March 05, 2018 23:26 UTC