mr. trump s feelings on the issues filled out on twitter. if we charge a country zero and they charge us 25-50 or even 100 percent to sell hours. it s unfair and can no longer be tolerated. it s not free or fair trade, it is stupid trade. an example the white house is fond of offering is that of the auto sector where china charges 25 percent on cars sold there and the eu 10 percent. the trump administration has hit canada, mexico and the eu with 25 percent tariffs on steel and 10 percent on aluminum. saying it s in the interest of national security. a notion that left our neighbors to the north, godsmack. if canada can be security to national security threat to the united states, is inconceivable reporter: all against the backdrop of a week dominated by news with north korea. as officials handed over a letter to a the president from
to the other big news and that is the president announcing new sanctions going into effect on june 1 against some of our closest allies. the eu and canada and mexico. here s what the president said on friday. the american worker agrees with me. obviously, ttock market agrees because when you look at the stocks, you are starting to see them - - chris: going after china is one thing, going after our closest allies is a different matter. it s a terrible idea. he talks about the american worker and he s talking about 140,000 steelworkers in america.the wall street journal points out there are 6.5 million american workers in steel using industries that will be harmed by this. chris: the auto business.
long-standing alliance with canada. chris: but we are imposing the terror because of national security reasons. that is the implication that some trust canada as a reliable national security partner when it comes to supplying steel and aluminum. i don t think we are satisfied yet that they will protect or uphold all of the shipments of steecoming into canada from around the world. could be china, could be brazil and a lot of different places. this trend shipping effort has been troubling to us. the president has declared our steel industry a national security matter and he hopes through these actions to rebuild it, there are signs that may be possible. in the announcement from the white house, it said very good faith you negotiations.e that s why i regard this more of a family quarrel. this is a trade dispute if you will. it can be solved if people work together. but, i must say this.
on $3 billion of u.s. goods. canada on $13 billion of u.s. imports.and for all the talk of protecting american jobs, the american steelworkers union opposes putting tariffson canada sing their exports are fairly traded . this isn t the beginning of a family squabble, the family has broken up and going into separate rooms. sometimes that happens. sometimes families have disputes. good-faith negotiations were part of our announcement the other day. chris: this is what comes at the end. the american economy is booming and that has to be part of the discussion with respect to trade and confidence is booming. so that has to be part of the discussion of these matters can be solved. no one said they can t. whether they will be, i don t know. the president s vision here and it s very important, he s a trade reformer.
at end of the day, he wou to see free trade but these barriers have to beswept away. unfair trade practices, illegal, places like china. chris: we send more steel to canada than they sent to us. we they buy our steel and we buy their steel. i m not satisfied that all the loopholes has been closed. there are difficult issues, the president has raised the issue of intellectual property and darien farming and agriculture which is very important to our farm folks. it may be worked out. these tariffs may go on for a while or they may not. i don t want to make predictions today. i m just saying let s talkit through , but to say this is an attack on canada is not right. chris: i didn t say it was an attack on canada, that s what justin trudeau, the prime minister said. i think he s overreacting. i don t want to get into the middle of that.