Saturday 21 July 2018

Trump temporarily excludes EU and six other allies from import tariffs

U.S. President Donald Trump takes part in a Greek Independence Day celebration in the East Room at the White House in Washington, U.S., March 22, 2018. REUTERS/Leah Millis
U.S. President Donald Trump takes part in a Greek Independence Day celebration in the East Room at the White House in Washington, U.S., March 22, 2018. REUTERS/Leah Millis
Independent.ie Newsdesk

Independent.ie Newsdesk

U.S. President Donald Trump has temporarily excluded six countries, including Canada and Mexico, and European Union states from higher U.S. 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 U.S.'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 percent on steel and 10 percent on aluminum, 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 aluminum.

The European Commission had proposed that if U.S. tariffs were applied the bloc would challenge them at the World Trade Organization.

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.

Reuters

Today's news headlines, directly to your inbox every morning.

Editors Choice

Also in World News