G7 ministers criticise US tariffs

International Desk: US Treasury Secretary Steve Mnuchin has faced sharp criticism from angry finance ministers of other G7 nations over America's imposition of new tariffs on steel and aluminium imports.

At a heated meeting in the Canadian resort of Whistler, the EU and Canada threatened to retaliate.

France's Bruno Le Maire warned a trade war could begin in "a few days".

But President Trump insisted on Twitter that the US had been "ripped off by other countries for years on trade".

He says the tariffs will protect US steelmakers, which he says are vital to national security. Mr Trump has also complained about barriers US firms face in Europe and elsewhere.

"Time to get smart!" he added.

Source: BBC


risingbd/Dhaka/Jun 3, 2018/Nasim