Morneau says U.S.-China trade spat delaying talks to solve steel tariffs

MONTREAL — Finance Minister Invoice Morneau says the continuing U.S.-China industry dispute is distracting from talks geared toward fixing the metal price lists factor between Canada and its biggest buying and selling spouse.

READ MORE: Right here’s how Canadian companies are suffering from Canadian retaliatory price lists

At an tournament in Montreal Friday, Morneau mentioned the American citizens’ Pacific industry row places “a couple of demanding situations on their plate.”

“That suggests we’ve were given a problem in getting this eager about within the close to time period,” he mentioned.

Morneau mentioned his workplace is involved day by day with U.S. officers in addition to steel manufacturers and clients, however may now not be offering a timeline for an finish to the price lists.

WATCH: Trudeau tells Trump that GM closures instance of why metal price lists creates financial boundaries

U.S. President Donald Trump slapped price lists of 25 according to cent and 10 according to cent on metal and aluminum imports, respectively, from Canada in Might, prompting retaliatory price lists through Canada on $16.6 billion value of U.S. items.

In the meantime, American price lists in opposition to China have prompted a tit-for-tat industry warfare affecting masses of billions of bucks in items during the last yr.

READ MORE: Corporations obtain $11,000 in accountability aid after Ottawa collects $286M in counter-tariffs

In spite of a 90-day ceasefire introduced Thursday wherein the 2 international locations agreed to droop tariff hikes and paintings towards a solution, the Dec. 1 arrest of Chinese language telecom Huawei Applied sciences’ leader monetary officer through Canadian government on the request of the U.S. Justice Division threatens to bitter negotiations with Beijing.

Morneau’s remarks got here hours after the primary ministers’ convention kicked off two blocks away in downtown Montreal Friday morning.

Premiers Doug Ford and Francois Legault of Ontario and Quebec have mentioned they plan to convey up considerations over price lists, in particular in terms of the car and aerospace industries.

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