Justin Trudeau, the Prime Minister of Canada, has lashed out at the U.S. plans to impose tariffs on Canadian steel and aluminium for ‘national security’ reasons.
Justin Trudeau said the U.S. decision was an insult to the Canadian soldiers who died in Afghanistan fighting alongside the U.S. troops.
Justin Trudeau’s harsh remarks come amid the G7 Finance Ministers’ outrage over the U.S.-imposed tariffs.
The Group of Seven (G7) Finance Ministers have called on the United States to reverse its course.
In an interview with the NBC’s Meet the Press, the Canadian Prime Minister Justin Trudeau said: “One of the things that I have to admit I’m having a lot of trouble getting around is the idea that this entire thing is coming about because the president and the administration have decided that Canada and Canadian steel and aluminum is a national security threat to the United States.”
The Canadian Prime Minister said the U.S. decision was “frankly insulting and unacceptable.”
Mr. Trudeau added: “The idea that our soldiers who have fought and died together in the mountains of Afghanistan and stood shoulder to shoulder, somehow this is insulting to them.”
Meanwhile, in the United States, President Donald Trump’s top economic adviser Larry Kudlow alleged the Canadian Prime Minister Justin Trudeau of overreacting.
This top Trump adviser said: “I think he’s overreacting. As a fine friend and ally of the United States, nobody denies that. But the point is we have to protect ourselves.”
Acknowledging the adversities of the current disputes over the trade that if it might jeopardize the U.S. economy, Kudlow said: “It might. I don’t deny that. You have to keep an eye on it.”
Kudlow, however, defended Donald Trump. He said: “Don’t blame Trump. Blame China, blame Europe, blame NAFTA. Blame those who don’t want reciprocal trading, tariff rates, and protections. Trump is responding to several decades of trade abuses here.”
G7 Finance Ministers’ Remarks
In a meeting in British Columbia, Canada, the G7 finance chiefs have lashed out at the U.S. decision of imposing tariffs.
The French Finance Minister Bruno Le Maire demanded a “permanent and total exemption” from the tariffs warned of European countermeasures.
Le Maire said the U.S. decision “is unjustified and unjustifiable and will have dangerous consequences for global growth.”
Olaf Scholz, the German Finance Minister has warned of a united European action regarding the U.S. tariffs.
Olaf told Reuters: “Our response should be clear, strong and smart.”
The Canadian Finance Minister Bill Morneau warned the G7 meeting will be colored by the U.S. tariffs.
Minister Morneau said: “There will be some challenging discussions I’m sure. We are not saying there won’t be frictions. We’re not saying we won’t have strong words. We’re not saying we won’t be able to send messages.”
Meanwhile, the governor of Bank of England said the U.S. decision to target trade in goods was misplaced.
Reuters quoted Governor Mark Carney as saying: “This focus on goods trade, bilateral goods is not the right focus in a hyperconnected world where most of the economic activity, most people work, most small businesses, most women work in the service sector.
“If we were to liberalize services to the same degree as we have liberalized (trade in) goods, these balances would be cut in half for the United States and for the UK,” Carney added.
International Monetary Fund Managing Director Christine Lagarde said a massively disrupted trade as a result of the imposed-tariffs will cause public trusts in the leaders.
IMF Managing Director Christine Lagarde added: “First of all, those who will suffer most are the poorest, the less privileged people, those who actually rely on imported goods to have their living.”