Trump Administration Imposes Steel, Aluminum Tariffs

The Trump administration made good on threats to impose tariffs on some of the nation’s closest allies Thursday, announcing it will no longer exempt Canada, Mexico and the European Union from previously announced levies on steel and aluminum.

The announcement was made in Paris by Commerce Secretary Wilbur Ross.

Canada and Mexico had been exempted from the tariffs announced last March while negotiations over the North American Free Trade Agreement, or NAFTA, continued. But he said those talks were taking longer than “we had hoped.” And so the administration decided to lift the exemption from the tariffs for those countries.

He said trade talks with the EU had also been fruitless.

Read more

Related Posts

Leave A Comment