US Tariffs: White House targets both rivals and allies with trade moves

World
Europe

02:11

The Trump Administration's trade policy is hitting road blocks around the world. Washington's biggest trading partners oppose the US tariffs. CGTN White House Correspondent Jessica Stone has the details.

Chinese Vice Premier Liu He and U.S. Commerce Secretary Wilbur Ross shaking hands in China ahead of their talks. He left Beijing without a breakthrough.

SARAH HUCKABEE SANDERS WHITE HOUSE SPOKESPERSON "President Trump is taking steps to reform a dysfunctional trade system, and protect high tech from china's discriminatory practices, those discussions continue."

Beijing has warned that tariffs - and other trade actions - will roll back recent progress made in Washington.

HUA CHUNYING CHINESE FOREIGN MINISTRY SPOKESPERSON "China's door to dialogue and consultations is always open. We are sincere to resolve relevant issues through consultations and dialogue."

Last week, the U.S. launched tariffs on steel and aluminum imports from the EU, Canada and Mexico. Washington says it's trying to prevent Chinese metals from coming into the U.S. through other countries.

But at a meeting of major U.S. trading partners over the weekend-universal condemnation. finance ministers - saying when U.S. President Donald Trump arrives in Canada for the G7 economic talks, they'll demand that he restore free, "predictable" and mutually beneficial trade.

CECILIA MALMSTROM EUROPEAN UNION TRADE COMMISSIONER "so, the situation is serious, it can escalate, we will try to be proportionate and balanced here."

JESSICA STONE WHITE HOUSE "Trump tweeted Monday that the U.S. quote "can only win" in this standoff, but over the weekend, a key white house economic advisor acknowledged it's a risky strategy."

WALLACE "It could jeopardize that."

KUDLOW "It's possible. Absolutely. I don't think it has right now."

Canada has already threatened 12.8 billion in tariffs of U.S. goods to start on July 1st. and this week, Mexico plans to release its list of countermeasures. JS, CGTN, White House.