25.7 C
Port Moresby
July 25, 2021

U.S. hits EU, Canada and Mexico with steel, aluminum tariffs

Share the News

Image: FILE PHOTO: U.S. Commerce Secretary Wilbur Ross, a member of the U.S. trade delegation to China, returns to a hotel in Beijing, China May 3, 2018. REUTERS/Jason Lee

WASHINGTON (Reuters) – The United States on Thursday said it was moving ahead with tariffs on aluminum and steel imports from Canada, Mexico and the European Union, ending a two-month exemption and potentially setting the stage for a trade war with some of America’s top allies.

U.S Commerce Secretary Wilbur Ross told reporters on a telephone briefing that a 25 percent tariff on steel imports and a 10 percent tariff on aluminum imports from the EU, Canada and Mexico would go into effect at midnight (0400 GMT on Friday).

“We look forward to continued negotiations, both with Canada and Mexico on the one hand, and with the European Commission on the other hand, because there are other issues that we also need to get resolved,” he said.

Ross offered little detail about what the EU, Canada and Mexico could do to have the tariffs lifted.

(Reporting by Jason Lange, Susan Heavey and Makini Brice; Editing by Tim Ahmann)

Copyright 2018 Thomson Reuters. Click for Restrictions.

Related posts

Appeal Made to Government to Recognise War Veterans

EMTV Online

Kumul Petroleum Holdings Limited Pays Final 2018 Installment Dividend

Fidelis Sukina

Exxon Backs Power Supply Into The City

EMTV Online
error: Content is protected !!