White House Names Allies to Receive Tariff Reprieve - News Summed Up

White House Names Allies to Receive Tariff Reprieve


China is among three major steel exporters, along with Russia and Japan, that will face the new tariffs. Photo: -/Agence France-Presse/Getty ImagesWASHINGTON—President Donald Trump formally approved temporary exclusions from steel and aluminum tariffs until May 1 for six nations and the European Union. Tariffs of 25% on steel imports and 10% on aluminum imports go into effect on Friday for nations not covered by exclusions. Effectively that means tariffs will apply to three major steel exporters: China, Russia and Japan. The U.S. is now conducting talks on steel and aluminum tariffs with other nations.


Source: Wall Street Journal March 23, 2018 04:30 UTC



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