[CTC] U.S. Slaps Steel, Aluminum Tariffs on Canada, Mexico, European Union

[Arthur Stamoulis]

 https://www.wsj.com/articles/u-s-slaps-steel-aluminum-tariffs-on-canada-mexico-european-union-1527774283 <https://www.wsj.com/articles/u-s-slaps-steel-aluminum-tariffs-on-canada-mexico-european-union-1527774283>

U.S. Slaps Steel, Aluminum Tariffs on Canada, Mexico, European Union
The sanctions, which begin Friday, likely will draw retaliatory measures
 
By William Mauldin
May 31, 2018
 
WASHINGTON—The U.S. will impose tariffs on steel and aluminum imports from its closest neighbors and allies, Commerce Secretary Wilbur Ross said Thursday.
 
Starting Friday, steel and aluminum products from Canada, Mexico and the European Union will be subject to the same tariffs as most other nations when imported into the U.S., Mr. Ross told reporters in a call.
 
Canada and Mexico had previously received temporary exemptions to the tariffs while U.S. officials seeks to negotiate a new version of the North American Free Trade Agreement, or Nafta.
 
“Those talks have been taking longer than we had hoped,” Mr. Ross said.
 
Mr. Ross led talks with the European Union—which also had a temporary exemption to the tariffs—on a trade arrangement to allow for a permanent exemption for the bloc. However, the U.S. and the EU, which includes most members of the North Atlantic Treaty Organization, haven’t reached an agreement.
 
“We continue to be quite willing and indeed eager to have further discussions with all of those parties,” Mr. Ross said.
 
President Donald Trump in March announced global tariffs on steel and aluminum under a law that allows trade barriers on national security grounds.
 
EU officials say their shipments don’t hurt national security and have vowed to retaliate against U.S. exports.
 
 
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