Theresa May attacks Donald Trump's 'unjustified' steel tariffs

Canada to impose tariff 'countermeasures' on US

The United States had sought use the tariff threat as cudgel to win concessions from Canada and Mexico in talks to renegotiate the North American Free Trade Agreement.

Canada, Mexico, and the European Union are widely expected to retaliate.

US Commerce Secretary Wilbur Ross said this was because negotiations over the past two months have failed to result in a deal.

The tariffs - 25 percent on steel and 10 percent on aluminum - take effect at midnight Thursday, May 31, giving rise to fears of a major escalation of the trade war between the United States and its top trading partners.

The EU fired its first riposte against Washington's punishing steel and aluminium tariffs yesterday, joining Canada and Mexico in a brewing global trade war against U.S. protectionism.

Economists with Goldman Sachs said the US decision to impose tariffs "suggests that prospects for a NAFTA agreement in the near-term are fading". "As we have said, we will always stand up for our workers, and today we're announcing retaliatory measures to this attack on our industry".

The tariffs are particularly damaging to the UK's hopes of a trade liberalisation deal with the United States after Brexit.

A list of countermeasures would include tariffs on US metals and food products such as yogurt, pizza and cucumbers, as well as household products like mattresses and refrigerators.

Spain's Carvajal hopeful to play at FIFA World Cup
When asked if Salah's place in the World Cup is in question, Klopp told reporters: "Yeah it is. I really feel for him, a fantastic boy. "Above all, we are fellow pros", he wrote.

Berenberg Bank economist Holger Schmieding argued that the direct impact of a US-EU trade war on the world economy would actually be rather small.

That from Brussels, as the U.S. slaps tariffs on imports of steel and aluminium from the bloc. The United States and China are poised to impose tariffs on up to $200 billion worth of each other's goods in a battle over Beijing's strong-arm efforts to overtake USA technological supremacy.

The same is true for Paul Ryan, the Republican Speaker of the U.S. House of Representatives. "They must open their markets and take down their trade barriers!"

At the Group of Seven ministerial meeting in Canada, US Treasury Secretary Steven Mnuchin faced stern reactions from his counterparts, who accused Trump of jeopardizing the world economy with steps that would prove job killers for all concerned.

She said: "We are not seeking to escalate any situation but we need to respond and we'll do so in a measured manner, but not responding would be the same as accepting these tariffs which we consider are illegal". President Donald Trump had announced the tariffs in March, citing national security concerns. Trade Commissioner Cecilia Malmstrom added that the USA, through months of negotiations, threatened steep tariffs in order to obtain trade concessions from the EU. Mexico said it would penalize US imports including pork bellies, apples, grapes, cheeses and flat steel.

"But as the CBI have said, we do not want a trade war which does more to harm United Kingdom industries and consumers".

"It's very complicated", says John Brew, a trade lawyer at Crowell & Moring LLP.

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