Chrystia Freeland On Canada Being A Threat To The US: 'Seriously?'

US isolated at G7 meeting as tariffs prompt retaliation

G7 finance chiefs lash out at US metals tariffs

Meantime, the six other nations at the G7 finance ministers meeting denounced the decision and called on the United States to back down.

Last week Canada responded to punitive U.S. import taxes levied on Canadian steel and aluminum by U.S. President by Donald Trump, announcing it will retaliate with the same tariffs starting at the end of June. According to Ross, the step followed months of unsuccessful talks between the United States and its two neighbors over changes to the North American Free Trade Agreement (NAFTA). "Do timber and lumber in USA?"

"The U.S. has made such bad trade deals over so many years that we can only WIN!" he wrote.

The three-day G7 finance ministers' meeting, where the closest US allies vented anger over the Trump administration's metal import tariffs, wrapped up on Saturday with a stern rebuke of Washington.

The full interview with Trudeau will air Sunday on "Meet the Press with Chuck Todd".

Canadian Prime Minister Justin Trudeau is "overreacting" to President Trump's decision to impose steel and aluminum tariffs on the country, National Economic Council Director Larry Kudlow said on "Fox News Sunday".

"That Canada could be considered a national security threat to the United States in inconceivable". He said the G7 was "extraordinarily valuable because it's an opportunity for like-minded nations to come together and talk about shared challenges".

Fox said his suggestion was "a tirade of nonsense" but added the United Kingdom did not have the authority to set out its retaliatory measures.

"It might. I don't deny that. You have to keep an eye on it", adding that he doesn't think it has so far.

In response, Mexico, Canada and the European Union said they plan to retaliate with duties on a variety of USA products.

"The national security issue is a flood of imports from 20 countries that are putting our aluminum and steel industries out of business--the national security us defending ourselves against that flood of imports, so those industries can survive", Navarro said. The bloc and the United States' northern neighbor are the largest sources of U.S. steel and aluminum imports. "So it's not like the trade is imbalanced against the US favor on this one", Trudeau said. "We need to be very clear exactly how absurd this USA action is", she said.

He said he had spoken with steel and aluminum producers, assuring them the federal government will help companies weather the sanctions.

Finance leaders of the G7 group of big economies vented anger over the Trump administration's metal import tariffs on Saturday, ending their three-day meeting with a stern rebuke.

"The global community is faced with significant economic and security issues, which are best addressed through a united front from G7 countries", the statement said. "We are members of the European Union and we have been clear that we and our EU allies are seeking an EU-wide exemption", he said.

"We're concerned that these actions are actually not conducive to helping our economy, they actually are destructive, and that is consistently held across the six countries that expressed their point of view to Secretary Mnuchin", Canadian Finance Minister Bill Morneau said at a news conference after the meeting ended in the Canadian mountain resort town of Whistler, British Columbia.

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