White House delays tariffs on EU, Canada and Mexico

Avoids the potential for a trade battle with Europe.

martes, 1 may. 2018 11:00 am
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Containers are stored for export at a harbor in Duisburg, Germany. (AP)
Containers are stored for export at a harbor in Duisburg, Germany. (AP)

Christopher R.| Ken Thomas
WASHINGTON, US.- The White House said Monday it would postpone a decision on imposing tariffs on U.S. imports of steel and aluminum from the European Union, Canada and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the U.S. prepares for tense trade talks in China this week.

The Trump administration said it had reached an agreement with South Korea on steel imports following discussions on a revised trade agreement, the outlines of which were previously announced by U.S. and South Korean officials.

And the administration said it had also reached agreements in principle with Argentina, Australia and Brazil on steel and aluminum that will be finalized shortly.

The White House provided temporary exemptions in March and had until the end of Monday to decide whether to extend them.

Announcing the trade actions, the White House said “in all of these negotiations, the administration is focused on quotas that will restrain imports, prevent transshipment and protect the national security.

”Facing a self-imposed deadline, President Donald Trump was considering whether to permanently exempt the EU and Mexico, Canada, Australia, Argentina and Brazil from tariffs that his administration imposed last month on imported steel and aluminum.

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