US to impose tariffs on imported steel, aluminum from EU, Canada, Mexico

WASHINGTON, The United States of America will impose tariffs on imported steel and aluminum from the European Union (EU), Canada and Mexico, Administration officials said Thursday.

Tariffs of 25 percent on steel and 10 percent on aluminum will take effect at midnight Thursday on imports from the three trading partners of the US.

President Donald Trump announced the tariffs in March, but approved temporary exemptions for several US allies while negotiations continued on potential limits on shipments to the US.

The move is expected to bring retaliation by the EU against various US products.

Commerce Secretary Wilbur Ross, speaking in Paris where he was attending meetings at the Organization for Economic Cooperation and Development, said Trump acted on national security grounds. “Without a strong economy, you can’t have a strong national security,” Ross said. “We continue to be quite willing, indeed eager, to have further discussions with all of these parties.”

Source: Kuwait News Agency

US to impose tariffs on imported steel, aluminum from EU, Canada, Mexico

WASHINGTON, The United States of America will impose tariffs on imported steel and aluminum from the European Union (EU), Canada and Mexico, Administration officials said Thursday.

Tariffs of 25 percent on steel and 10 percent on aluminum will take effect at midnight Thursday on imports from the three trading partners of the US.

President Donald Trump announced the tariffs in March, but approved temporary exemptions for several US allies while negotiations continued on potential limits on shipments to the US.

The move is expected to bring retaliation by the EU against various US products.

Commerce Secretary Wilbur Ross, speaking in Paris where he was attending meetings at the Organization for Economic Cooperation and Development, said Trump acted on national security grounds. “Without a strong economy, you can’t have a strong national security,” Ross said. “We continue to be quite willing, indeed eager, to have further discussions with all of these parties.”

Source: Kuwait News Agency