Trump takes more shots at Trudeau via Twitter

Justin Trudeau and Donald Trump

The U.S. floated the idea Tuesday of separate trade talks with Mexico and Canada rather than a new North American Free Trade Agreement (NAFTA) with the three countries as signatories.

For example Mexico is the largest market for USA pork exports according to the National Pork Producers Council, an industry trade group.

The fallout from Trump's imposition of steel and aluminum tariffs on his G7 partners, as well as broader disagreements on trade and climate change, was also fuelling the G6-plus-one divide that has the US increasingly offside with its allies.

"We have, on various occasions, heard the president speak about his interest or his musings about a bilateral deal instead of the trilateral NAFTA that we have", Sputnik quoted Trudeau as saying.

Following news of the new Mexican tariffs, which take effect immediately, the peso tumbled to its weakest level since February 2017, making it one of the worst performers among major currencies.

The tariffs, meanwhile, have further complicated the U.S.

The federal government also continued its outreach with top US lawmakers on Tuesday.

Earlier this year, Mexico and the European Union reached a provisional agreement on an expanded trade deal adding farm products including pork to the tariff-free list.

In Iowa, the top pork-producing state in the USA, with Mexico as its largest market, Republican Congressman Rod Blum is seen as vulnerable.

While Mexico exports more goods and services to the USA than it buys, it is also the second largest market for United States exports, buying $277 billion worth of U.S. goods and services previous year, according to the Commerce Department.

"If our customers around the world start going to other parts of the world for their supplies, that is a serious problem", he said. Chicago Mercantile Exchange hog futures deferred trading months at one point fell more than 2% following the Mexico pork tariff news.

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"It certainly casts a negative pall over the market", said CME livestock futures trader Dan Norcini.

Trump defended his decision on tariffs on Canada and other United States allies in a tweet over the weekend.

"I didn't pay much attention to the quip; I focused on the message I was putting out, which was that it is inconceivable - and quite frankly insulting - that the United States considers Canada to be a threat to national security".

US-Mexico trade is worth about $600 billion annually and about 16 per cent of US goods go to its southern neighbour. Washington has threatened tariffs on imports of Chinese goods unless Beijing stops stealing American companies' intellectual property.

British Prime Minister Theresa May urged the European Union to stick to World Trade Organization rules and to ensure that any response to the tariffs was proportionate.

"A trade war doesn't spare anyone".

"The EU trade surplus with the USA is $151 billion, and Canada keeps our farmers and others out". But "neither do we mind signing a 6 country agreement if need be".

The group says that there are 110,000 U.S. jobs directly tied to USA pork exports to Mexico as well as to other countries. Pleas by the other member countries for exemptions from the USA steel and aluminum tariffs, which went into effect on June 1, have fallen on deaf ears in Washington. In a trade war, every side loses, experiencing lost jobs, crippled businesses and higher prices for consumers.

"I have no doubt that the United States and Canada will remain firm friends and allies whatever short-term disagreements may occur", Kudlow said.

"He's looking at the best way to make sure he gets the best deal possible for American workers and whether or not that's through NAFTA or other means, those options are on the table", Sanders told a news briefing.

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