A disastrous spiral of Brutality Measures and trump is a bully just some of the reaction from officials over the latest terrace from the United States washington will enforce punitive Import Levies on steel and al a million from Europe Canada and mexico European Commission president John Crow Younkers says the bloc will impose countermeasures canada says it will defend canadian industry and jobs mexico is also retaliating President Donald Trump has been threatening for weeks to impose the tariffs of twenty five percent on imported steel and ten percent on our minium citing National Security concerns which canada today said is absurd well that it be an exemption or there was an exemption in place until june first and there were hopes that deadline would be extended but for midnight tonight e. U. Metal exports to the u. S. Will most likely become uncompetitive under the new tariffs the block has drawn up a list of u. S. Products like Harley Davidson motorbikes levis jeans and Bourbon Whi
products like harley davidson motorbikes levi s jeans and bourbon whiskey which is set to face penalty tariffs here. so fisherman ski joins us now from wall street to give us the reaction as i mentioned this is already hurting u.s. companies what about if we take a look at the stocks what are some of the hardest hit there so if it. i mean one of the factor that have been repeatedly benefiting from all of these cameras from the announce announcements that have been made in the past is the field producer sectors so they are benefiting here right now you can see that in the stock price but a bit more that you can really see that the broader market is reacting a little bit because investors of course fear the possibility of the chance of a serious trade war not only with the european union but also with canada with mexico with china because secretary of commerce wilbur ross is headed to china and