Web Desk(June 11, 2018): German Chancellor Angela Merkel says Europe will implement counter-measures against U.S. tariff on steel and aluminum just like Canada.
In an interview following the G7 summit, she voiced regret about President Donald Trump’s abrupt decision to withdraw support for a G7 communique.
Merkel said Europe can no longer rely on its ally and should take its fate into its own hands.
She said European Union is preparing counter-measures against U.S. tariffs on steel and aluminium imports, in line with World Trade Organisation rules.
Earlier, Leaders of the G7 nations had agreed at their summit in Canada on the importance of a rules-based trading system, despite tensions with the US.
The joint statement signed by US President Donald Trump and his counterparts comes amid a row over high US tariffs imposed this month on steel and aluminium imports.
Click Play Button To Watch This Video
The EU and Canada taken steps to retaliate.
Trump said tariffs are needed to reverse America’s trade deficit.
Soon after the joint statement was announced, the US president tweeted defiantly about not allowing “other countries to impose massive tariffs and trade barriers on its own farmers, workers and companies”.
However Canadian Prime Minister Justin Trudeau vowed to go ahead with retaliatory tariffs on the US after what he described as Trump’s insulting decision to invoke national security concerns to justify the levy on steel and aluminium.
He said Canadians are polite and reasonable but we will also not be pushed around.
Related News:
