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With Trump's deadline looming, Canada waits for news on steel tariffs

With Trump's deadline looming, Canada waits for news on steel tariffs

Canada and Mexico had previously been given exemptions until 1 May while talks took place over Nafta (the North America Free Trade Agreement), as had Argentina, Australia, Brazil and the EU.

The European Commission, which oversees trade policy for the 28 EU members, has insisted that the United States grant it a permanent exemption without conditions.

U.S. Commerce Secretary Wilbur Ross has expressed interest in reviving talks on a free-trade agreement, a suggestion that has split the European Union and may not be possible in the current environment.

The decision, coming just hours before the previous temporary tariff exemption was set to expire, will prolong the uncertainty and tensions that have built up since Trump issued 25% tariffs on imported steel and 10% on aluminum from all but a handful of countries.

South Korea was given an indefinite exemption in return for a 30% cut in its steel exports to the US.

Ross also said last week that nations have been asked to accept import quotas in return for tariff-free access of the metals into the U.S. But that suggestion puts the European Union in the hard position of either succumbing to U.S. demands that could breach trade rules or face punitive tariffs. The administration has also imposed tariffs on imported solar panels and washing machines.

Rafa Benitez reacts to speculation linking Steven Gerrard with Rangers
I don't know the situation at the moment. "We will support him whatever he wants to do", said Klopp. Celtic could clinch the title on Sunday when they face Rangers, live on Sky Sports .

European leaders have resisted the idea of a quota.

Merkel said Europe was "resolved to defend its interests within the multilateral trade framework".

The tariffs were a central issue in separate meetings Trump held last week with French President Emmanuel Macron and German Chancellor Angela Merkel at the White House.

The European Union last week asked to join a case, starting with consultations, that was initiated by China at the World Trade Organization over the US steel and aluminum tariffs. Trump has dangled a permanent exemption as incentive to reach a tentative deal. "The decision lies with the president", she said Friday.

China has said it would subject $50 billion of USA goods to tariffs if the US taxes its products.

The US had a $337 billion trade deficit in goods and services with China past year. The others in the delegation, which begins on Thursday: The Honorable Terry Branstad, Ambassador Extraordinary and Plenipotentiary of the United States to China The Honorable Wilbur Ross, Secretary of Commerce The Honorable Peter Navarro, Assistant to the President. "The president has not made any decision yet", Mnuchin said in an interview on Fox Business Network.


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