US playing zero-sum game
The United States tariffs on steel and aluminum products from Europe, Mexico and Canada that came into effect on Friday, drew a heated response from Europe, Canada and Mexico and promises of retaliatory actions against US exports.
Jean-Claude Juncker, president of the European Commission, said the European Union would move ahead with tariffs on US products, including motorcycles, denim, cigarettes, cranberry juice and peanut butter, that are expected to be in place by June 20 and will affect roughly $7.5 billion worth of US exports.
Canadian Prime Minister Justin Trudeau said the US tariffs are "totally unacceptable" and called them an "affront" to the security partnership between the United States and Canada. Chrystia Freeland, Canada's Minister of Foreign Affairs, outlined Canada's plan for dollar-for-dollar tariffs retaliation on US steel and aluminum products.
