WASHINGTON — The Latest on President Donald Trump’s planned steel tariffs (all times local):2:40 a.m. The European Union says the decision by the U.S. administration to grant a one-month tariff extension on EU imports of steel and aluminum is bad for business and that the bloc should be granted a permanent exemption. “As a longstanding partner and friend of the US, we will not negotiate under threat,” the EU said, adding that a trans-Atlantic agreement “has to be balanced and mutually beneficial.”——12:40 a.m. The Trump administration said Monday it had reached an agreement with South Korea on steel imports following discussions on a revised trade agreement, the outlines of which were previously announced by U.S. and South Korean officials. And the administration said it had also reached agreements in principle with Argentina, Australia and Brazil on steel and aluminum that will be finalized shortly.

Source: National Post May 01, 2018 00:57 UTC