https://newsletter.en.creamermedia.com

Trump temporarily excludes EU, six other allies from steel tariffs

23rd March 2018

By: Reuters

  

Font size: - +

WASHINGTON – US President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher US import duties on steel and aluminum meant to come into effect on Friday.

In a Presidential proclamation published late on Thursday, Trump said he would suspend tariffs for Argentina, Australia, Brazil, South Korea, Canada, Mexico and the European Union, the US's biggest trading partner, until May 1, 2018 as discussions continue.

After May 1, Trump would decide whether to permanently exempt the countries based on the status of talks, the White House said in a statement.

The United States was set to begin imposing the higher import duties of 25% on steel and 10% on aluminium, mainly aimed at curbing imports from China, as of 12:01 a.m. EST on Friday.

"I have determined that the necessary and appropriate means to address the threat to the national security posed by imports from steel articles from these countries is to continue these discussions and to exempt steel articles imports from these countries from the tariff, at least at this time," according to Trump's proclamation released by the White House.

It said countries not on the list could discuss with Washington ways to address U.S. national security concerns caused by imports of steel from that country.

Earlier, German Chancellor Angela Merkel warned that the EU would respond firmly if the United States did not exempt European steel and aluminium.

The European Commission had proposed that if US tariffs were applied the bloc would challenge them at the World Trade Organisation.

Canada and Mexico are in the midst of renegotiating the North American Free Trade Agreement with the United States. Trump had said Canada and Mexico would only be excluded after the successful renegotiation of NAFTA.

Trump said South Korea was listed because of its important security relationship with the United States, "including our shared commitment to eliminating the North Korean nuclear threat."

South Korean President Moon Jae-in is pushing for a three-way leaders' summit with North Korea and the United States aimed at ending the nuclear threat on the Korean peninsula. Trump has said he is willing to participate in the meeting although no date or location has been set.

Edited by Reuters

Comments

Showroom

Goodwin Submersible Pumps Africa (Pty) Ltd
Goodwin Submersible Pumps Africa (Pty) Ltd

Goodwin Submersible Pumps Africa is sole distributors for Goodwin electrically driven, submersible, abrasion resistance slurry pumps.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (08/11/2024)
8th November 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.144 0.244s - 198pq - 2rq
Subscribe Now