US tariffs: Steel and aluminium levies slapped on key allies

US tariffs: Steel and aluminium levies slapped on key allies

US tariffs: Steel and aluminium levies slapped on key allies

Trump gave temporary exemptions to the European Union and five other trading partners, giving them a chance to hammer out agreements with the U.S.

Officials from the three trading partners - among Washington's closest allies for decades - have dismissed the idea that their shipments to American customers endanger the United States.

Sources told Reuters that the White House is set to hit the European Union with steel & aluminum tariffs.

Ross offered little detail about what the EU, Canada and Mexico could do to have the tariffs lifted. Canada is also considering imposing levies on high-profile USA -made consumer goods and luxury items, with the goal of hurting the United States in a visible way without damaging Canada's economy by restricting necessary imports.

"As to Canada, Mexico, you will recall that the reason for the deferral had been pending the outcome of the NAFTA talks".

The EU has vowed to hit back at the U.S. with tariffs on American goods, including iconic items such as Harley-Davidson motorbikes, blue jeans and bourbon whiskey. "There is no longer a very precise date when they may be concluded and therefore they were added into the list of those who will bear tariffs", explained Ross on a background call with reporters Thursday morning.

The Trump administration has given permanent metals tariff exemptions to several countries including Australia, Argentina and South Korea, but in each case set import quotas.

Five Things: the next steps for getting the Trans Mountain project done
Certainly for Texas-based Kinder Morgan, the pipeline's current owner, Tuesday's announcement is good news. He said that shareholders would receive a "fair price" for the assets.

Moto G6 USA availability: pre-orders, release date, carriers, and more
It will be retailed in the price range of Rs 20,000 and Rs 30,000 and will be competing with Vivo V9 and Oppo F7, among others. Last week, Lenovo-owned Motorola sent out invites for a product launch event in Brazil, which is scheduled for June 6th.

Warriors vs. Rockets: Klay Thompson's personality is ideal for huge playoff moments
Houston's Most Valuable Player candidate James Harden dominated early, finishing with 32 points, nine assists and seven rebounds. Houston's big win in Game 5 was tempered by a hamstring injury to star Chris Paul which will keep him out of Saturday's game.

The harsh duties imposed in March to combat global overcapacity of the metals and boost domestic production, were only among a flurry of different developments, coinciding with a political crisis in Italy, which this week has roiled markets.

EU Commission spokesman Margaritis Schinas said Thursday the European side is "ready to deal with any kind of scenario, and to defend the EU interests and global trade law". She spoke with him again later by telephone, but left the US capital on Wednesday morning empty-handed.

Beyond semantics, Alden said that the decision to impose tariffs will cause major economic disruptions across Europe and North America.

Ross said the tariffs are based on national security concerns, which he said was an all encompassing category.

Flavio Volpe, president of the Automotive Parts Manufacturers' Association of Canada, echoed Ms. Freeland. "You saw his reaction when China made a decision to retaliate".

Commerce Secretary Wilbur Ross said the tariffs would be 25 percent on steel and 10 percent on aluminum as the administration followed through on the penalties after earlier granting exemptions to buy time for negotiations.

Related news