President Trump is granting more exemptions to his steel and aluminum tariffs — and dodging a trade war with key US allies. Exemptions for Canada and Mexico were previously announced. Trump announced on March 1 that imported steel would be taxed at 25%, and foreign aluminum at 10%. The Trump administration claims imported steel and aluminum pose a risk to US national security. Many US allies heavily lobbied for exemptions earlier this week at the meeting of G20 finance ministers meetings in Buenos Aires.

Source: CNN March 22, 2018 16:07 UTC