Trump tariff plan on steel, aluminum imports 'unacceptable': Justin Trudeau

Canadian Prime Minister Justin Trudeau on Friday called US President Donald Trump's plan for tariffs on steel and aluminum imports "absolutely unacceptable" and warned of serious disruption.

Trudeau said Trump's plan will have "significant and serious" economic ramifications on both sides of the Canada-US border, Xinhua reported.

"The US has a two billion Canadian dollars ($1.6 billion) surplus on steel with us, so we regard the imposition of any new tariffs or any tariffs on steel or aluminum between our two countries as absolutely unacceptable," Trudeau was quoted as saying.

He stressed that it makes no sense for the US to claim there's a national security imperative for imposing the duties, given the level of security cooperation between the two countries.

BMW recalls 1 mn vehicles in North America over fire risks

BMW AG said Friday it is recalling about 1 million vehicles in North America for two separate issues involving fire risks and said it may expand the recalls to other countries.

One recall covers 670,000 2006-2011 US 3-series vehicles to address a wiring issue for heating and air conditioning system may overheat and could increase the risk of a fire.

The second recall covers 740,000 US 2007-2011 vehicles with a valve that could rust and lead to a fire in rare cases. The recall includes some 128i vehicles, 3-series, 5-series and X3, X5 and Z4 vehicles. BMW spokesman Michael Rebstock said the recalls have overlapping vehicles and cover about 1 million vehicles, nearly all in the United States and about 15,000 in Canada.
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Amazon plans $5 billion second headquarters in North America

Amazon.com Inc said on Thursday it plans to open another headquarters in North America and spend more than $5 billion for its construction and operation.

The e-commerce company, currently based in Seattle, said it was yet to zero in on a location, but expects to expand the new headquarters to include up to 50,000 high-paying jobs.

Amazon said it was seeking proposals from local and state government leaders for the new headquarters.

Apple Inc had reportedly spent about $5 billion on its spaceship-shaped headquarters in Cupertino, California.

Amazon said its new headquarters should ideally be located in a metropolitan area with more than one million people and one that can attract and retain technical talent.

The company's Seattle headquarters is spread across 8.1 million square feet in 33 buildings and employs more than 40,000 people.

Amazon expects the new headquarters to be a "full equal" to its Seattle office, Chief Executive Jeff Bezos said in a statement.
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