Canadian PM Justin Trudeau rejects Trump's tariffs as 'absolutely unacceptable'

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The World Trade Organisation (WTO) ruled against the United States move in 2003, and the Bush administration ultimately withdrew its measure of 30 per cent tariffs on most imports of steel, citing an improving economy and cost-cutting efforts by domestic steel makers.

"This is an action basically to protect our national security and economic security", Navarro told CNN's "State of the Union".

Criticism of US President Donald Trump's announcement that he would impose a 25 per cent tariff on imported steel has come fast and furious.

He has got some bipartisan support from lawmakers, mainly from America's rust-belt states, who believe the move will help revive the steel industry.

"They know that this individual, this government, is far more protectionist and we are at risk".

South Korea, Mexico, Brazil and China are also major exporters to the US.

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"It will. I mean it's actually kind of going the opposite direction", he said.

But Trump wants to bring that production back home with a 25 percent tax on imported steel and a 10 percent tax on imported aluminum.

Earlier on Friday morning, the President had made clear he was following through on his campaign pledge to shake up the global trading system, saying "trade wars are good, and easy to win".

A spokesperson for 10 Downing Street said the United Kingdom is "engaging" with the U.S. on what Mr Trump's tariff announcement means in practice. Officials RespondCanadian officials were very quick to respond, saying that they will be changing their own tariff measures. This, while the steel industry has been making a comeback here.

President Trump's decision to place tariffs on imported steel and aluminum continues to rattle world markets, and is having an impact here in our area.

Other countries also suggested they were prepared to retaliate if necessary.

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The steel and aluminum announcement caught many in the administration and on Capitol Hill flat-footed.

Almost 17% of steel imported into the USA comes from Canada, according to S&P Global Platts.

"A trade war is in no-one's interests". "We have been clear that we are particularly concerned by any measures that would impact the United Kingdom steel and aluminum industries".

Similarly, a press release from the Beer Institute in February said the administration's proposed tariff would "dramatically increase the cost of aluminum in the US and put at risk American jobs in the beer industry, as well other industries that are users of aluminum".

With global stock markets tumbling in the face of a brewing trade war, European Commission Vice President Jyrki Katainen sought to offer a degree of reassurance, insisting "there is a little window of opportunity still open" and that Europe was posing a danger to the US.

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