Canada’s exemption via President Donald Trump’s tariffs have nothing to do with talks on the North American Free Trade Agreement, Canadian Prime Minister Justin Trudeau told CNBC on Monday.
“We don’t link together the tariffs along with the negotiations for NAFTA, however we’re happy to continue to move forward on the negotiations,” he said in an interview on “Power Lunch.”
He also said the exemptions were not a “magical favor being done.” In fact, the impositions of tariffs on Canada would certainly hurt the U.S. almost as much as Canada, he said.
“Millions of jobs on both sides of the border depend on continued smooth flow of trades.”
Trump exempted Canada along with Mexico via the tariffs he signed last week. The moves slap a 25 percent levy on steel along with 10 percent charge on aluminum. However, the exemption is usually not “open-ended” along with will depend upon adjustments are made to NAFTA in which satisfy Trump, an administration official told CNBC last week. The president has often threatened to pull out of the trade pact unless the countries reach a deal in which better serves U.S. interests.
Another looming trade issue for Canada along with the U.S. is usually China, which is usually accused of dumping steel into the U.S. by moving the product through some other countries.
Trudeau said he’s willing to work with the U.S. on a stronger solution.
“We’ve put in very strong measures, some of the strongest inside the earth, against dumping, however as I said to the president along with as I said to congressional leadership, I’m happy to work with the United States to go even further,” he said.
In an effort to quell concerns over potential tariffs, Trudeau has embarked on a tour of Canada’s steel along with aluminum manufacturers. Canada is usually the biggest supplier of those metals to the U.S.
“We know well in which with This particular president there are moments of unpredictability along with I think in which’s important to show in which we are there to reassure the workers,” Trudeau told public broadcaster Radio Canada earlier Monday.
some other countries may also ultimately be excluded. When Trump signed the tariffs, he invited others to justify their case. On Monday, Trump opened the door to negotiations with the European Union, announcing in which Commerce Secretary Wilbur Ross will speak to EU representatives.
On Friday, the president said he was ready to work out an exception for Australia. some other nations, like Japan, South Korea along with Brazil have also called for similar treatment.
—CNBC’s Jeff Cox along with Reuters contributed to This particular report.