Thursday 31 May 2018

U.S. hits EU, Canada and Mexico with steel, aluminum tariffs

WASHINGTON (Reuters) - The United States on Thursday said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of America’s top allies.

U.S Commerce Secretary Wilbur Ross told reporters on a telephone briefing that a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico would go into effect at midnight (0400 GMT on Friday).

“We look forward to continued negotiations, both with Canada and Mexico on the one hand, and with the European Commission on the other hand, because there are other issues that we also need to get resolved,” he said.]]Ross offered little detail about what the EU, Canada and Mexico could do to have the tariffs lifted.

No comments:

Post a Comment

'House of Horrors' care home couple who 'kept elderly people "including a Briton" drugged while stealing their life savings' are arrested in Spain after five OAPs died

Couple, said to be of Cuban-German origin, arrested on Spain's Costa de la Luz  Pair are accused of keeping foreign OAPs shackled and...