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LIVE UPDATE: Canada Can’t Be Exempted from Aluminum, Steel Tariffs: Trump Advisor

Written by MKTLIST Blog Team Published On : March 05, 2018 944
LIVE UPDATE: Canada Can’t Be Exempted from Aluminum, Steel Tariffs: Trump Advisor

The Trump’s government is facing political pressure now whether to remove Canada from worldwide tariffs on aluminum and steel.

Executives from different businesses, lawyers and renowned hosts raised the questions in political talk shows on US non-serious decision on security tariff on steel and alumiunum with its old-friend and neighbor. They demanded to provide justifications for taking this bold step.

The administration aims to open its final decision next week. This came by the administration’s response from Trump on Sunday, revealing his no-favor-for-anyone attitude.

In the middle of an ongoing crisis, the administration from the White House, represented by Trump advisor Peter Navarro and Commerce Secretary Wilbur Ross came forward to face the show revealing that there is no turning back on the decision.

The chances for any country to be exempted are rare but Navarro stated that some industries could be excluded. This is ideal for Canada’s automobile sector being the top-most supplier of aluminum and steel to United States.

"There'll be an exemption procedure for particular cases where we need to have exemptions so business can move forward,'' Navarro told CNN.

Ross gave hints of some changes: "We shall see,'' he said to NBC.

"(Trump) has made a decision at this point, if he for some reason should change his mind, then it'll change. I have no reason to believe he's going to change his mind.''

RELATED: Trump Willing to Impose Tariffs on Steel, Aluminum!

Not just this, the administration is being challenged with the self-political allies to revamp the policy. Kevin Brady and Orrin Hatch, top Republican lawmakers have also requested to relax the policy.

Trump’s decision is being compared with US tariffs from the 1930’s. A senator from Maine from the bordering state has stated this. He stated that companies are complaining for the price increase.

“You want to do these kinds of things with a scalpel — not a chainsaw.”

Angus King

"You want to do these kinds of things with a scalpel — not a chainsaw,'' King said.

To put the tariffs, United States is appealing an infrequently used clause, that used in 1962 law of trade which allows the President to state tariffs if essential by national security.

The White House rights that the wording is not fixed to its current meaning an could also have employment and economic stability of the domestic steel industry.

"I don't think we need to block Canadian steel in the name of national security. They're annoying. You know, they're too nice. But we don't fear a war with Canada,'' King stated.

The overall response from representatives of Trump is that everyone should be ready for tariffs. But when Navarro was question on Fox if Trump would exempt someone, he replied in the negative.

"That's not his decision,” Navarro stated.

"As soon as he starts exempting countries he has to raise tariffs on everybody else. As soon as he exempts one country his phone starts ringing from the heads of state of other countries.''

"Canada's 40 per cent of the US aluminum market. If you exclude Canada, then you have to put big, big tariffs on everybody else. So, this is a measured, targeted approach.''

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