Don't miss

Replay


LATEST SHOWS

REVISITED

Video: Shenzhen, from small fishing port to China’s Silicon Valley

Read more

IN THE PRESS

'I really don't care', do we? Melania Trump's coat chaos

Read more

BUSINESS DAILY

Eurozone agrees 'historic' deal to pave way for Greece's bailout exit

Read more

EYE ON AFRICA

South Sudan rebels say more time needed to achieve peace

Read more

MEDIAWATCH

Melania, migrant children and a curious message

Read more

BUSINESS DAILY

Eurozone ministers inching towards 'credible' debt deal for Greece

Read more

THE DEBATE

Erdogan goes all in: The high stakes of Turkey's elections

Read more

FOCUS

Rubbish piling up in France's illegal landfills

Read more

ENCORE!

Join our summer solstice music celebration

Read more

Trump says tariffs will be 'very fair,' names winners and losers

© AFP | President Donald Trump promised to be "very fair" in imposing planned tariffs on steel and aluminum

WASHINGTON (AFP) - 

US President Donald Trump vowed Thursday to press ahead with 25 percent tariffs on foreign steel and 10 percent on aluminum -- singling out Germany for criticism while saying Mexico, Canada, Australia and "others" could be exempt.

"We are going to be very fair, we're going to be very flexible," Trump told his cabinet, while pointing to winners and losers from the contentious policy.

Trump said Mexico and Canada could get carve-outs if talks to renegotiate the trilateral NAFTA trade agreement go well.

"If we reach a deal it is most likely that we won't be charging those two countries the tariffs," he said, adding that Australia would also be spared.

"We have a very close relationship with Australia, we have a trade surplus with Australia, great country, long term partner, we'll be doing something with them," he said. "We'll be doing something with some other countries."

But Trump took aim at Germany -- the biggest economy in the EU trade bloc -- as a bad actor likely to face tariffs.

Railing against countries that had "taken advantage" of the United States, Trump accused Germany of behaving unfairly by contributing much less than the US towards the funding of NATO.

"We have some friends and some enemies where we have been tremendously taken advantage of over the years on trade and on military," he said.

"If you look at NATO, where Germany pays one percent and we are paying 4.2 percent of a much bigger GDP -- that's not fair," he said.

"So we view trade and we view the military, and to a certain extent, they go hand in hand."

© 2018 AFP