(Lesley Wroughton – Reuters)
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 aluminium 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 aluminium, 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. Click here to read more.