Making America great Again…….?
Apparently Canada is a threat to National Security? Is a Canadian wall next?
The Whitehouse has posted the following:
What You Need to Know About Implementing Steel and Aluminum Tariffs on Canada, Mexico, and the European Union
Today, President Trump announced that he is taking action to protect America’s national security from the effects of global oversupply of steel and aluminum. Following extensive discussions and a months-long process, the President will implement tariffs on steel and aluminum imports from Canada, Mexico, and the European Union.
The implementation of steel and aluminum tariffs follows the announcement by President Trump on March 8, 2018, of a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports.
In the initial proclamations in March, President Trump welcomed any country with which the United States shares a security relationship to discuss alternative means to address threatened impairment to the national security caused by their steel and aluminum exports to the United States. The President made it clear that the Administration was willing to work with those countries to find separate arrangements that would meet the national security requirements of the United States.
The United States has reached an arrangement with South Korea on steel, which was announced on April 30. Included in today’s proclamations, the United States has reached arrangements on steel with Australia, Argentina, and Brazil, and with Australia and Argentina on aluminum.
The United States was unable to reach satisfactory arrangements, however, with Canada, Mexico, or the European Union, after repeatedly delaying tariffs to allow more time for discussions.
WHY: Current quantities and circumstances of steel and aluminum imports into the United States threaten to impair national security. These excessive imports are driven in large part by the worldwide glut from overproduction by other countries.
In January 2018, the Department of Commerce delivered two reports on steel and aluminum investigations conducted under Section 232 of the Trade Expansion Act of 1962.
The reports found that the excessive level of imports threatened to impair the national security because further closures of domestic production capacity would result in a situation where the United States would be unable to meet demand for national defense and critical infrastructure in a national emergency.
On March 8, President Trump accepted the Department of Commerce’s recommendations and began to take action to address the threatened impairment to America’s national security.
Business Insider Reported the following:
Trudeau received word on Tuesday from Vice President Mike Pence that any sit-down would require that Canada agree to a sunset clause for the new version of NAFTA.
A sunset clause would require the three countries to reevaluate NAFTA after five years at a time. The sunset clause could allow any of the countries to walk away from the deal at those intervals.
Canada and Mexico are staunchly opposed to the sunset clause because the provision would introduce significant uncertainty into their respective economies. For example, a business considering where to place a new factory may not want to build in Canada if there a chance the US would pull out of NAFTA before it built the factory.
Instead of a sunset clause, Canada and Mexico have proposed a five-year review to study the effects of NAFTA on the members countries. In contrast to the US proposal, this type of review would not give the countries the option to jump out of the deal.
Given Canada’s opposition to the sunset clause, Trudeau told reporters that he called off the meeting.
The US is doing it’s best to isolate itself from it’s allies with almost daily announcements of sanctions and Tariffs. This will at some point create hostility towards it. Nurturing an environment where nations will build their relationships and agreements that may eventually threaten US Hegemony.