Date: March 23rd, 2018 5:15 AM
Author: big rigpig
LOL
US grants last-minute exemptions to looming steel tariffs
https://www.ft.com/content/fac4f67a-2db7-11e8-a34a-7e7563b0b0f4
The EU and several other leading trading powers have won a temporary reprieve from punitive US tariffs on steel and aluminium, in a last minute move that averts a clash between Washington and its traditional allies.
Robert Lighthizer, the US trade representative, confirmed to US lawmakers on Thursday that President Donald Trump had decided to “pause the imposition” of tariffs on the EU and some other countries to allow time for negotiations to continue.
The decision, which comes only hours before the 25 per cent tariffs on steel and 10 per cent tariffs on aluminium take effect, will mean that the measures will not be applied to imports for the EU, Canada, Mexico, Australia, Argentina, Brazil and South Korea, Mr Lighthizer said.
Non-exempt countries will be included in the tariff plan that is set to come into effect shortly after midnight US time.
The announcement came as EU leaders, meeting in Brussels, were discussing how to respond to tariffs and to Mr Trump’s broader protectionist agenda, which has stoked fears in Brussels and other European capitals of a breakdown in transatlantic co-operation.
(http://www.autoadmit.com/thread.php?thread_id=3908088&forum_id=2#35667937)