Trump administration announced to put tariffs on steel and aluminum imports from Canada, Mexico and the EU. That will come into effect as the temporary exemption expires at midnight. Tariffs on steel imports are 25% and that on aluminum is 10%.
Commerce Secretary Wilbur Ross criticized that NAFTA negotiations are “taking longer than we had hoped”. While talks with EU have “made some progress”, they haven’t gone far enough to warrant more relief from tariffs.
Ross added that “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.”
