Trudeau waiting to see if Canada gets exemption from new USA tariffs

If Cohn rejoins the administration, Trump said, "I don't know if I can put him in the same position, though".

Another prominent Republican critic of the proposal, House of Representatives Speaker Paul Ryan, returned to the attack on Tuesday, saying the proposed duties of 25 percent on steel and 10 percent on aluminum were too broad.

He said the tariffs would also hurt the USA auto industry and result in higher costs for consumers on both sides of the border. Section 232 of the U.S. Trade Expansion Act of 1962 gives the president the power to impose restrictions on imports to protect national security.

The fight over tariffs comes amid intense turmoil in the West Wing, which has seen waves of departures and negative news stories that have left Trump increasingly isolated in the Oval Office, according to two senior officials speaking on the condition of anonymity to discuss internal thinking.

Under the most severe scenario being weighed, the USA could impose tariffs on a wide range of Chinese imports, from shoes and clothing to consumer electronics, according to two people familiar with the matter who spoke on condition of anonymity because the discussions aren't public.

In a Cabinet meeting, Trump made clear that he was pressing with tariffs of 25 per cent on foreign steel and 10 per cent on aluminum and said Australia and "others" could be exempt - in addition to NAFTA partners Mexico and Canada. "We have to protect & build our Steel and Aluminum Industries while at the same time showing great flexibility and cooperation toward those that are real friends and treat us fairly on both trade and the military".

"While our objective is not to get into a trade war, we are going to defend the USA interests", Mnuchin said during an appearance at JetBlue's Queens headquarters. White House officials briefed members of the press on some of the details of the plan hours before briefing members of Congress, which had some lawmakers asking reporters for information about the plan yesterday afternoon.

President Donald Trump has signed proclamations imposing tariffs on imports of steel and aluminum.

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The looming departure of White House economic adviser Gary Cohn, a former Goldman Sachs executive who has opposed the promised tariffs, set off anxiety among business leaders and investors anxious about a potential trade war.

He has ordered steep new tariffs on those imports to the U.S. "We're not trying to blow up the world".

"Steelcase strongly supports measures to ensure a fair and level playing field, and is willing to work with other companies and government officials to reach that goal". Although the measure is created to hit China, its main impact will be on U.

But "it introduces a lot of uncertainty", says Wendy Cutler, a former US trade official now at the Asia Society Policy Institute.

Notwithstanding today's decision temporarily relieving Canada from USA steel tariffs, Sault politicians are pledging to stand firm to ensure the exemption becomes permanent. That scenario, Tom Donohue said, would endanger the economic momentum from the GOP tax cuts and Trump's rollback of regulations. The tariffs take effect in two weeks.

The Trump administration could combine the tariffs with restrictions on Chinese investments in the US, which are reviewed for national-security risks by Treasury's Committee on Foreign Investment in the USA, the people said.

Canada and Mexico were already granted exemptions, although Trump has hinted that he will cancel them if NAFTA renegotiation talks don't make progress soon.

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